American booking full flights next week; Big Lots still busy

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the national and global response, the work place and the spread of the virus.



— Big Lots is seeing the continuation of strong demand that started in mid-April, with second quarter-to-date comparable sales through fiscal June increasing well ahead of expectations.

The discount retailer now anticipates second-quarter comparable sales will be up by a mid-to-high twenties percentage. Big Lots said Friday that it is in a very strong liquidity position, with current cash and short-term investments of approximately $890 million, and no amounts drawn on its $700 million revolving credit facility.

— Shopping mall owner Intu Properties is scrambling to avoid bankruptcy after failing to strike a deal with its creditors. The London-based company is being hammered by lower rent payments from retail clients during

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Marriott International, Delta, Six Flags, Disney and American Airlines

For Immediate Release

Chicago, IL – April 16, 2020 – Today, Zacks Investment Ideas feature highlights Features: Marriott International MAR, Delta DAL, Six Flags SIX, Disney DIS and American Airlines AAL.

Are Travel & Leisure Stocks Investable?

This pandemic has been and continues to be devastating for the travel & leisure industry. Airlines, hotels & resorts, amusement parks, and cruises have been forced to shut down across the globe. With demand halted, these businesses are feeling the heat and are looking to the government to back them in their most desperate hour.

The $2 trillion CARES act combined with the Federal Reserve $6 trillion in liquidity for businesses in need has put a temporary backstop on the markets, with their promised support. But, are any of these stocks safe to invest in yet?

Travel & Leisure Investable?

Top travel & leisure stocks like Marriott International, Delta and Six Flags have

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