RPT-EXCLUSIVE-Neiman Marcus advances bankruptcy preparations -sources

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RPT-EXCLUSIVE-Neiman Marcus advances bankruptcy preparations -sources

(Repeats story from late Thursday). By Jessica DiNapoli and Mike Spector. NEW YORK, April 2 (Reuters) – Neiman Marcus Group is stepping up preparations to seek bankruptcy protection, after the coronavirus pandemic forced the debt-laden U.S. luxury …
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Leasing company Avolon cancels order for 75 Boeing MAX jets, 4 Airbus A330s

DUBLIN (Reuters) – Aircraft lessor Avolon has cancelled an order for 75 Boeing (BA.N) 737 MAX planes that were due to be delivered by 2023 as it adjusts its order book to the industry disruption caused by the coronavirus pandemic, the Dublin-based firm …
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General Motors and Honda to co-develop electric vehicles

General Motors will work with Honda to design and develop two electric vehicles using GM’s new EV platform, the automakers announced Thursday. General Motors reveals its all-new modular platform and battery system, Ultium, Wednesday, March 4, 2020 …
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California Dominates Craft Beer Production In The United States

Six of the 10 largest producers of craft beer in the United States have breweries in California, according to a new annual Top 50 list released by the Brewers Association. Sierra Nevada Brewing, based in Chico, is the largest-producing California brewery, …
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No Small-Business Relief Yet: False Start On Paycheck Protection Program Loans

It’s been a wild week. Since the Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed last Friday, government agencies and banks have been scrambling to figure out how all of these disaster-package pieces fit together. Paycheck …
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