• Quotes
  • Shortcuts
The Executive's Internet
Thurs, Jan 21st
icon
GoogleAmazonWikipedia


spacerspacer

 

 BUSINESS/FINANCE NEWS
Setup News Ticker
   BUSINESS/FINANCE NEWS
Searching for 'Treasury'. (Return)

MarketWatch MarketPulseJan 21, 2021
Alaska Air to receive $533 million as part of extension of payroll support loans
Alaska Air Group Inc. disclosed Thursday that it will receive $533 million after it reached agreement last week with the U.S. Treasury on an extension of the Payroll Support Program (PSP), which is part of the Coronavirus Aid, Relief and Economic Security (CARES) Act. Alaska Air said its subsidiary's, Alaska Airline and Horizon Air, received $266 million on Jan. 15 and expects to receive the remainder sometime in February. As part of the agreement, the air carrier granted the U.S. Treasury 95,532 warrants to buy Alaska Air common stock at a strike price of $52.25. In addition, Alaska Airlines and Horizon Air agreed to not conduct involuntary furloughs or cut employee pay or benefits through March 31, and to limit executive compensation through Oct. 1, 2022. In addition, the agreed to not pay dividends or repurchase any shares until March 31, 2022. Alaska Air's stock, which was still inactive in premarket trading, has climbed 40.6% over the past three months, while the U.S. Global Jets ETF has rallied 28.1% and the S&P 500 has gained 12.1%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatchJan 21, 2021
Bond Report: U.S. government bond yields follow European rates higher after ECB draws focus to asset purchases
U.S. Treasury yields are higher on Thursday after the European Central Bank drew attention to its plans for its asset purchasing program at its latest policy update.
TRENDING TAGS
BidenPresident Inauguration Trump Covid-19 Stocks
StockBiden Market Buy Earnings Today
EarningsCall Transcript Q4 Stock Intel
TrumpBiden Impeachment Facebook board CNN
COVID-19Biden Vaccine pandemic will Response
PandemicBiden COVID-19 orders During Coronavirus
MarketStock Biden Rally futures day
BusinessBiden Updates Insider How Live
reportingCapital DAVID TIMOTHY W Michael
CovidCOVID-19 Biden Vaccine pandemic vaccines

NEWS SOURCES
Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money
CNN/Money Real Estate News
Dismal.com: Analysis
Dismal.com: Indicators
Enterprise Application News
Entrepreneur.com
Forbes Headlines
Forbes Social Media News
FT.com - China, Economy & Trade
FT.com - Financial Markets
FT.com - Hedge Funds
FT.com - Telecoms
FT.com - US
Google Business News
Google Market News
HBS Working Knowledge
Inc.com
INSEAD Knowledge
International Tax Review
Kiplinger
Knowledge@Wharton
L.S. Starrett News
MarketWatch
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly
MSNBC.com: Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
OpinionJournal.com
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money
SEC.gov Updates: News Digest
SHRM HR News
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ US News
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2021 CEOExpress Company LLC