Bloomberg The Trump administration said it’s approved more than $52 billion in loan requests for small businesses so far in the relaunch of a coronavirus relief program, even as lenders said they’ve struggled to submit applications and advocates worry that funds will run out before many mom-and-pop firms get help. The US Small Business Administration (SBA) said it’s processed almost ...

Bloomberg Volkswagen AG joined other automakers around the globe in warning of the unprecedented fallout from the coronavirus pandemic. Supply and demand disruptions from government measures to slow the spread of the disease will cause operating profit to drop “severely” this year, the world’s largest automaker said on Wednesday. But efforts to rein in spending will allow the company to ...

Bloomberg Ford Motor Co.’s sagging stock fell further after the automaker forecast a more than $5 billion second-quarter operating loss due to the coronavirus pandemic’s blow to the global car industry. The projected deficit — which is about $2 billion worse than some analysts were anticipating — is based on Ford’s expectation for significant volume declines in every region. Ford ...