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Fintechs seeking funds to help make business loans

Bloomberg Financial-technology firms including PayPal Holdings Inc. are lining up to help speed lending to small businesses during the coronavirus crisis — and are pushing for a slice of emergency US government funding. Industry group Financial Innovation Now urged Congress to provide capital to online lenders including PayPal and Square Inc., and to permit firms to disperse Small Businesses Administration ...

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Restaurant suppliers stuck with tons of unsold food

Bloomberg Franco Fubini, who founded fruit and vegetables seller Natoora Ltd., is used to charging celebrity chefs a premium price for carefully tended produce, like white peaches from Italy, Sicilian pomegranate and Essex heirloom tomatoes. But in the past week, sales have evaporated. As shoppers empty supermarket shelves of pasta and dried beans, wholesalers like Natoora, which buys from more ...

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BMW to idle its biggest plant in US

Bloomberg BMW AG’s South Carolina SUV factory, one of the last US auto assembly plants still operating, will be idled early next month. The factory, which makes the brand’s lucrative X3, X5 and X7 sport utility vehicles, will shut down starting April 3 for more than two weeks, the German company said in a statement, confirming an earlier Bloomberg News ...

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