Delta Is Abandoning “Secondary” Airports Now Though It Promised Congress It Wouldn't Act Until Oct. 1

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Delta Is Abandoning “Secondary” Airports Now Though It Promised Congress It Wouldn't Act Until Oct. 1

In exchange for $9.2 billion in government survival grants and low-interest loans Delta Airlines agreed to not drop service to any domestic markets. Then on Sunday it quietly announced that it will, in effect, drop service to 10 domestic markets. Well, not exactly.
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Real estate company to buy LA mall, reportedly add offices

A Los Angeles real estate company is reportedly planning to buy the Baldwin Hills Crenshaw Plaza and add office space to the mall. The company, CIM Group, announced April 29 that it had signed a purchase and sale agreement for the 40-plus-acre, …
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Thyssenkrupp faces deep quarterly loss due to coronavirus, shares tank

FRANKFURT/DUESSELDORF, Germany (Reuters) – German conglomerate Thyssenkrupp (TKAG.DE) warned on Tuesday that its operating loss could swell to 1 billion euros ($1.1 billion) in the April to June quarter due to the coronavirus crisis. FILE PHOTO: …
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BoE must consider pros and cons of negative rates – Broadbent

LONDON (Reuters) – Bank of England Deputy Governor Ben Broadbent said the central bank would have to weigh up the pros and cons of cutting interest rates below zero to help Britain’s economy cope with the coronavirus shutdown. “We keep under review …
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Coronavirus: Steak 'n Shake permanently closes 57 restaurants in first quarter

INDIANAPOLIS — Citing financial concerns during the coronavirus pandemic, restaurant chain Steak ‘n Shake has permanently closed more than 50 locations across the country. >> Coronavirus checklist: 100-plus disinfectants that may kill coronavirus on …
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