Treasury Secretary Timothy Geithner yesterday laid out the White House’s plan to rescue the financial system, and it is bigger than expected, with government playing a larger role in markets and banks.
Under the plan, administration officials will pump as much as $2.5 trillion into the financial system — $350 billion of it from the TARP fund, according to a report in The New York Times.
Many of the details of the program, however, remain unsettled.
The company said it is focusing on preserving cash amid coronavirus uncertainty.
As boats are used as a respite from the pandemic, “we just want people to be boating responsibly,” said company president Kristen Frohnhoefer.
With the COVID-19 pandemic gripping the industry, Viking CEO Pat Healey addressed his company’s strategy to “come out stronger.”
Marine Products Corp., the parent of Chaparral and Robalo, suspends manufacturing, and BMO Capital Markets moves Brunswick and Malibu stock ratings to “perform.”
This month’s Pulse Report survey looks at cash flow in light of business shutdowns.
There are several resources that can help businesses during the pandemic, from avoiding scammers to applying for the Paycheck Protection Program to reducing stress with Keep America Fishing.
This month’s Pulse survey drills down into retailer cash flow in light of business shutdowns.
