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Bloomberg American Airlines Group Inc botched its offer of paid time off to some pilots, forcing the carrier to pull back offers for 1,200 slots and award short-term voluntary leave to just 600 of them. One hundred pilots of Airbus SE A320 and Boeing Co 737 narrow-body jets started leave from April 1, the airline said by email. Another 500 ...

Bloomberg Shoppers in Vermont hoping to wander the aisles of their local big-box store in search of an exercise mat or a video game are out of luck. The state ordered Walmart Inc and other big-box retailers to halt the sale of “non-essential” products in their brick-and-mortar locations to reduce the potential spread of the coronavirus. A spokesman for Vermont’s ...

Bloomberg Amazon.com is planning to open a new grocery store in Irvine, California, the second confirmed location for an as-yet-unnamed retail concept separate from the company’s Whole Foods Market chain. Amazon job postings show the retailer is hiring for managers and grocery staffers for a store in the city, located southeast of Los Angeles in Orange County. An Amazon spokeswoman ...

Bloomberg Chipotle Mexican Grill Inc is well positioned to ride out the Covid-19 storm that’s ravaging the US restaurant industry, according to its chief financial officer. “We can get through for many months or even a year at these kind of depressed sales levels,” CFO Jack Hartung said in an interview, declining to provide sales figures. He said the disease ...

When America has recovered from the coronavirus crisis and people are back to work, Representative Adam Schiff thinks Congress should consider a 9/11-style independent commission to examine why the nation was so unprepared for the pandemic. Schiff, a California Democrat, told me in an interview that his staff has already started working on a discussion draft modeled after the 9/11 ...

What was once sacrosanct is no more. Apple Inc seems to have blinked. Bloomberg News reported on April 1 that Apple has relaxed its rules requiring a 30% cut for any content sold inside video apps on its iOS platform. The tech giant said its programme allows “premium subscription video” providers the ability to charge consumers directly using their own ...

The coronavirus crisis is still unfolding, but it’s not too soon to think about lasting financial impact and how to limit the fallout. One major financial crisis that may hit later this year or early in 2021 is the ever-looming collapse in state and local employee pension funds. Although the problem has been growing for decades, the virus may have ...

The UK Debt Management Office (DMO) has put out a signal of intent: More government bond supply is about to come thick and fast. The amount of gilts to be sold in April will be raised from 20 billion pounds ($22 billion) to 45 billion pounds. Boris Johnson’s government needs swift access to more funding to support the economy during ...

As fashion retailers shutter their storefronts across Europe and North America due to the coronavirus, some of the world’s most vulnerable workers are feeling the pain — and getting shafted. In Bangladesh, garment factories have already furloughed more than 1 million workers thanks to at least $3 billion in cancelled and postponed orders. Elsewhere in Southeast Asia, a key hub ...

The Covid-19 epidemic is a fight with an invisible enemy. What’s also worrying is that we just don’t know how bad the disease really is. Many people wonder whether we’re overestimating its deadliness, since countries find it impossible to test those with few or no symptoms. The case fatality rate is the ratio of coronavirus deaths to the number of ...