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Banks raked in $10 billion in fees for handing out US-backed loans to shore up small businesses battered by the coronavirus — despite taking on little to no risk on the deals, a new report says. The feds paid banks for serving as intermediaries for the $349 billion Paycheck Protection Program, which allowed any federally …
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Just call him Watergod. Foodgod donated an 18-wheeler full of drinks to Miami’s Mount Sinai Hospital and University of Miami Health Center last Friday to give healthcare workers a refreshing reprieve from their fight against coronavirus. The man formerly known as Jonathan Cheban described the experience as “such an honor.” “It was a really great …
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Nick Saban doesn’t want NFL teams to make the same mistake with Tua Tagovailoa that he made with Drew Brees 14 years ago. Saban was the head coach of the Miami Dolphins in 2006 when they considered signing Brees as a free agent but ultimately passed due to injury concerns. Tagovailoa was Saban’s quarterback the …
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Lord & Taylor is exploring filing for bankruptcy protection after it was forced to temporarily shut all of its 38 US department stores in the wake of the coronavirus outbreak, people familiar with the matter said on Monday. It is one of several options that the retailer and its advisers are exploring, which also include …
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REO Speedwagon lead singer Kevin Cronin turns to his kids for advice when deciding on new projects — including the band’s recent cameo on Netflix’s “Ozark.” “If I want to see if something is cool to do or not, they’re my sounding board,” he told Page Six of his 23-year-old daughter and 20-year-old twin sons. …
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Neiman Marcus Group is preparing to seek bankruptcy protection as soon as this week, becoming the first major US department store operator to succumb to the economic fallout from the coronavirus outbreak, people familiar with the matter said. The debt-laden Dallas-based company has been left with few options after the pandemic forced it to temporarily …
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One world together, pulling our hair out. Saturday’s two-hour primetime concert, “One World Together At Home,” achieved the impossible: it made us feel even worse about our already miserable circumstances. The insufferable show — simulcast on CBS, NBC, ABC and the internet — pieced together saintly speeches from A-list celebrities and somber United Nations officials …
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If you can’t pay your credit card because you lost your job owing to the coronavirus pandemic, your card company might help. Depending on the card, the issuer might let you skip a month, waive fees or extend your credit line. Banks, the big credit card issuers, are “working to identify and assist affected clients …
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Fraud alerts are going out from U.S. banks in the wake of the coronavirus pandemic. In an email sent out earlier this week, Bank of America advised its customers not to respond to unsolicited requests for their account or personal information such as access codes, PINs or Federal Student Aid (FSA) IDs. The Charlotte, N.C.-based …
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Struggling movie theater chain AMC Entertainment, whose movie houses got shuttered nationwide last month by the coronavirus, said late Thursday it will raise $500 million in debt to stay afloat. The largest cinema chain in the US has been the subject of bankruptcy rumors since it shuttered 630 theaters nationwide amid coronavirus restrictions in mid-March. …
Banks raked in $10 billion in fees for handing out US-backed loans to shore up small businesses battered by the coronavirus — despite taking on little to no risk on the deals, a new report says. The feds paid banks for serving as intermediaries for the $349 billion Paycheck Protection Program, which allowed any federally …
