Caterpillar Inc is in talks with banks for a new $3 billion nine-month revolving credit facility, Bloomberg https://bloom.bg/34nIvAB reported on Thursday, citing people familiar with the matter.
If you're out of work and 62 or older, you may be tempted to claim Social Security retirement benefits to fill your income gap. But there are consequences for getting those checks early. Here's everything you need to know before you make a decision.
Volkswagen AG said it will furlough workers at its U.S. assembly plant in Tennessee starting April 11 as the industry grapples with the ongoing coronavirus pandemic.
OPEC and other major oil producers on Thursday discussed potential big output cuts in the face of a huge fall in demand due to the coronavirus crisis.
Wall Street rose for the third time in four days on Thursday as the U.S. Federal Reserve unleashed its latest program designed to buttress local governments and businesses crushed by moves to slow the coronavirus outbreak.
U.S. Treasury Secretary Steven Mnuchin said on Thursday that the American economy could start to reopen for business in May, despite experts' emphasis on prolonged social distancing measures to defeat the coronavirus.
The U.S. Federal Reserve and the Bank of England ramped up their emergency responses to the world's escalating coronavirus recession on Thursday as they pushed deeper into territory once considered fraught with risk for central bankers.
Citigroup Inc said on Thursday, that it has started accepting applications for the $349 billion small business bailout fund.
Air France KLM said that despite cost-cutting measures to stave off the impact of the coronavirus crisis, it expects it will be short of cash in the third quarter, but said it was confident that the French and Dutch governments would support the group.
All small businesses are eligible, including non-profits, self-employed individuals, sole proprietorships, and independent contractors, writes SBA Administrator Jovita Carranza.
Global equity benchmarks moved higher on Thursday following signs of some success by governments and central banks which have taken additional steps to bolster their economies during the COVID-19 pandemic, while oil prices pulled back from an earlier surge.
General Motors Co plans to keep its Brazilian factories shut down for at least 60 more days due to the coronavirus crisis, the company said Thursday, as the final batch of unionized workers voted on the automaker's proposal.
BlackRock Inc , the world's largest asset manager, cut total compensation for Chairman and Chief Executive Officer Larry Fink by 8.4% in 2019, a second straight year of decline, according to a filing on Thursday.
Facebook Inc sued a Bangkok-based Indian man on Thursday for developing and marketing a software to bypass the social network's advertising review process and deliver prohibited ads to users.
As demand spikes for federal funds, new guidance and stalled payouts from the SBA on its Economic Injury Disaster Loans and advance grants are adding to frustrations and fears on Main Street.