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BoE’s Bailey orders banks to ‘put their backs into it’ on COVID-19 loans
By William Schomberg LONDON (Reuters) – Bank of England Governor Andrew Bailey told Britain’s banks on Friday to “put their backs into it” and speed up lending to small companies, saying the coronavirus crisis was likely to deliver a historic blow to the economy. Bailey said banks needed to fix the “serious strain” from tens […]
UTC says Collins 2020 profit to be hurt mainly due to MAX grounding
(Reuters) – United Technologies Corp <UTX.N> Chief Financial Officer Neil Mitchill said he expects 2020 operating profit at the U.S. aircraft parts maker’s Collins Aerospace unit, its biggest, to be hurt largely due to the grounding of Boeing Co’s <BA.N> 737 MAX aircraft. UTC forecast adjusted operating profit at the unit, which makes products such […]
Choosing a college via virtual tours
With college campuses closed because of the coronavirus pandemic, free virtual tours have grown in popularity. High school juniors hoping to begin college in autumn next year are not able to visit campuses in person, but they and their families have many ways to explore their options while staying safe at home. Here is a […]