FILE PHOTO: The logo of U.S. motorcycle company Harley-Davidson is

U.S. airlines shares plunge after cash-free Washington rescue proposal

By Tracy Rucinski and David Shepardson CHICAGO/WASHINGTON (Reuters) – Shares in U.S. airlines fell sharply on Wednesday after Washington proposed a rescue package of $50 billion in loans, but no grants as the industry had requested, to help address the financial impact from the deepening coronavirus crisis. The Trump administration’s lending proposal would require airlines […]

Ex-security adviser Bolton says Trump sought China's Xi's help to win re-election

WASHINGTON (Reuters) – In a series of allegations, U.S. President Donald Trump’s former national security adviser, John Bolton, said on Wednesday that Trump sought Chinese President Xi Jinping’s help to win re-election during a closed-door June 2019 meeting. Bolton, who Trump fired in September after 17 months in the White House job, also said that […]

Starbucks closes most U.S., Canada cafes, moves to drive-through

(Reuters) – Starbucks Corp <SBUX.O> said on Friday it will close most of its company operated cafes across north America for two weeks, limiting its services to drive-throughs, to help stem the spread of the highly contagious coronavirus. “Let’s be real. Lattes aren’t ‘essential’,” Rossann Williams, president of U.S. company-operated and Canada businesses, said in […]