Bloomberg US airlines are drafting plans for a potential voluntary shutdown of virtually all passenger flights as government agencies also consider ordering a similar move, the Wall Street Journal reports, citing unidentified industry and federal officials. No final decisions have been made by the airlines or White House, but airlines would generally favour a government order, WSJ cites an industry …

Bloomberg Modell’s Sporting Goods halted its going-out-of-business sales as customers shelter at home and states order most merchants to close. The bankrupt retailer stopped liquidation sales and closed all stores as of March 21, CEO Mitchell Modell said. It plans to resume once the bans are lifted, he said. Retailers are pausing store-closing sales as a growing number of states and …

Bloomberg Oil dropped towards the lowest level since 2003 as demand plunged as governments froze economic activity to combat the coronavirus, and prospects for a Opec-Texas production deal faded. Futures in London fell 5.6% to near $25 a barrel as some traders estimate crude demand will collapse by as much as 20 million barrels a day this year. Texas Railroad …