Medina family sues United Airlines over European trip scuttled by coronavirus

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Medina family sues United Airlines over European trip scuttled by coronavirus

CLEVELAND, Ohio — A Medina family sued United Airlines over what it said was a refusal by the company to give full refunds for their canceled trip to Europe in the wake of the coronavirus, and the attorney for them is hoping to represent all passengers in a …
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WeWork Sues SoftBank For Terminating $3 Bln Tender Offer

(RTTNews) – WeWork’s parent company, We Company, said it has filed a lawsuit against Japanese conglomerate SoftBank Group Corp. for failing to consummate a $3 billion tender offer for the company’s shares. After WeWork’s failed attempt at an initial …
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US crude and fuel stocks soar as demand craters due to pandemic: EIA

(Reuters) – U.S. crude oil stockpiles soared while fuel demand slumped last week, each by their most in one week ever, government data showed on Wednesday, as the U.S. oil industry felt the full brunt of efforts to stem the spread of the coronavirus pandemic …
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Another Way to See the Recession: Power Usage Is Way Down

When the economy is moving too fast for the usual indicators, the electricity grid offers a valuable clue. Recent electricity usage in the United States. -8% -6% -4% -2% +2% Feb. 5 Feb. 25 March 17 April 3 Feb. Avg. Note: Estimates represent 90 percent of …
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UPDATE 1-Canada expanding wage subsidy for businesses as jobless claims soar

(Adds quote, details, background). OTTAWA, April 8 (Reuters) – Canada said on Wednesday it would expand an emergency wage subsidy program to help more businesses deal with the coronavirus outbreak, while jobless claims soared beyond 4 million.
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