Government relief loans draw complaints from restaurant chains
Big chains Shake Shack Ruth's Chris Potbelly received loans under the Paycheck Protection Program as it exhausted its 350 billion dollar funding. Critics from business groups urge changes to favor the smallest firms while Congress weighs extra funding. Shake Shack plans to return its loan. others like Ruth's Chris and Potbelly drew down substantial sums.
MENTIONED IN THIS ARTICLE
Shake Shack
Brooklyn
New York
John Minchillo
Congress
White House
Ruth’s Chris Steakhouse
Potbelly’s
The
Treasury
Small Business Administration
Karen Kerrigan
Small Business & Entrepreneurship Council
Trump
National Federation of Independent Business
NFIB
U.S
NPD Group
Potbelly Sandwich Works
Ruth’s Chris
Darden Restaurants
Olive Garden
McDonald’s
Randy Garutti
Danny Meyer
Southwest seeks labor concessions as government aid winds down
Southwest Airlines begins talks with unions representing over 50,000 workers to discuss potential contract changes to cut costs if air travel remains depressed through fall. The carrier, which has received more than 2.3 billion in grants and nearly 1 billion in loans, says no concessions have been asked yet but negotiations aim to plan for reduced demand after Sept. 30.
MENTIONED IN THIS ARTICLE
Southwest Airlines
Russell McCrady
McCrady
Southwest
Dallas
U.S
Lyn Montgomery
Transport Workers Union Local 556
Aircraft Mechanics Fraternal Association
AMFA
Bret Oestreich
Australia to force Google and Facebook to pay for news content
Australia moves to make Google and Facebook pay for news content as ad revenue falls amid the pandemic. Treasurer Josh Frydenberg says the ACCC will publish draft rules in late July to secure compensation for journalistic content, with a plan to rely on competition law rather than copyright.
MENTIONED IN THIS ARTICLE
Australia
Google
Facebook
Canberra
Josh Frydenberg
Australian Competition and Consumer Commission
Frydenberg
France
Spain
ACCC
Paul Fletcher
Europe
New Zealand
Easton
Rod Sims
Sims
Australian Broadcasting Corp
Michael Miller
Australasia
News Corp
Fryden
Mick Tsikas
Associated Press
Also Mentioned on This Page
Gov't Relief
Paine Field
Everett
Wash
Ted S. Warren