Trustees Of Musicians Union Pension Plan, Claiming “Victory”, Agree To $26.8 Million Settlement Of Suit That Accused Them Of Making Risky Investments

Trustees of the American Federation of Musicians’ pension plan have agreed to a $26.85 million settlement of a class action lawsuit that claimed they made a series of risky investments that endangered the pensions of thousands of musicians. “The settlement is a victory for the Trustees, as the plaintiffs failed to prove their claims that the defendants had engaged in […]

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Colorado trucking association works to keep supply chain intact during coronavirus crisis

With grocery store shelves emptying soon after they’re restocked and a premium placed on medical supplies, truck drivers are among the workers deemed essential as the country copes with the coronavirus epidemic. The U.S. Department of Homeland Security has issued the guidance as states and communities limit activities to stem the spread of COVID-19, the highly infectious disease caused by […]

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Can Japan’s Economy Get Any Worse? It May Soon Find Out

As the coronavirus has prolonged a deep slump in Japan, one ray of hope has come from its avoidance of a crippling lockdown. But it’s unclear whether that can last. By Ben Dooley and Makiko Inoue TOKYO — Even before the new coronavirus, Japan’s economy was in trouble. Exports were plummeting on slowing demand from China, and a tax increase […]

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Exclusive: American Airlines in talks to hire Millstein for aid advice

NEW YORK (Reuters) – American Airlines Group Inc (AAL.O) is in advanced talks to hire Guggenheim Securities co-chairman James Millstein for advice on tapping a $50 billion industry relief package available from the U.S. Treasury Department to cope with the coronavirus pandemic, people familiar with the matter said. Millstein is one of Wall Street’s most seasoned debt restructuring bankers and […]

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US airline industry seeks about $50B in federal help

London (CNN Business)Budget airline EasyJet has become the latest carrier to suspend operations entirely because of the coronavirus. In a statement on Monday, the airline said that it is grounding all 334 of its planes in Europe as a result of travel restrictions across the region, adding that it cannot be sure when flights will resume. The airline said that […]

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These migrants are unwelcome guests in their own homes

As the world awaits the end of the global pandemic, rural Bengal might be witnessing a recession unfolding in bits and pieces. At Gobardhanpur, one of the last villages in the deltaic Sundarban region, there is deep fear of a coronavirus outbreak among locals. In only two days, March 19 and 20, before interstate train services were suspended on March […]

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Asian Markets Decline, Australia Bucks Trend

Asian stock markets, with the exception of Australia, are lower on Monday following the sharp losses on Wall Street Friday as worries about the rising number of coronavirus infections around the world and its impact on the global economy dampened sentiment. The global number of coronavirus infection cases has risen to more than 720,000. The U.S. has surpassed China as […]

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Covid-19 explained: How it spreads and how to stay safe

(CNN)We’ve been advised to stand 6 feet apart from others to lower our risk of getting infected with the coronavirus. But how can we tell whether we’re standing just far away enough from people, or if we need to tell them to back up a little bit more? The Centers for Disease Control and Prevention describes social distancing as “remaining […]

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