![]() ![]() And it further exposes the shortfalls of President Donald Trump’s corporate tax overhaul, which sparked a flurry of buybacks but not the promised business investment boom. This situation is only deepening the backlash against buybacks, paving the way for bipartisan restrictions against share repurchases by bailed-out companies. The hotel industry is now seeking some $150 billion in federal assistance as the coronavirus has caused occupancy rates to crash. Now the airline industry is seeking $50 billion in federal help as it fights for survival during a stunning decline in worldwide travel.Įven in early March, as the coronavirus crisis mounted, Hilton American Airlines shares closed Monday at just $10. (AAL)also spent $1.1 billion to repurchase its stock at an average cost of $32.09 per share. Similarly, last year American Airlines Group (LUV) spent $2 billion on share buybacks in 2019. (Photo by Spencer Platt/Getty Images) Spencer Platt/Getty ImagesĮlizabeth Warren has a list of demands for companies bailed out by Washington Al Sharpton in 1991, the National Action Network is one of the most influential African American organizations dedicated to civil rights in America. ![]() A dozen 2020 Democratic presidential candidates will speak at the organization's convention this week. Elizabeth Warren (D-MA) speaks at the National Action Network's annual convention on Apin New York City. NEW YORK, NEW YORK - APRIL 05: Democratic presidential candidate U.S. ![]()
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