Advance Auto Parts Inc. said Friday it has tapped $500 million of a $1 billion credit facility as it moves to increase its cash position in the midst of the coronavirus outbreak. Proceeds will be used for working capital, ongoing operating needs and general corporate purposes, the Shares rose 1.8% premarket but are down 48% in the last 12 months, while the S&P 500 has fallen 15%.
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Treasury details $1T Trump stimulus proposal, outlines timing for sending checks to AmericansNEW: The proposal, obtained by ABC News, would authorize two $250 billion rounds of direct payments to individual taxpayers, with the first payment issued beginning on April 6. Another wave of payments would be distributed to taxpayers beginning on May 18.
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Coronavirus response: Trump administration wants to send $500 billion in payments to Americans in two roundsThe government hopes to send out its first round on April 6 and the second on May 18. It will base payment amounts on income level and family size.
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Trump administration wants to send taxpayers $500 billion, $50 billion in loans for airlinesThe Trump administration on Wednesday asked Congress to approve $500 billion in cash payments to taxpayers in two rounds that would start April 6 and $50 billion in secured loans to U.S. airlines to address the financial impact of the coronavirus, according to a document seen by Reuters. U.S. President
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