Cruise operator Carnival pays high price to get credit investors on board

U.S. Seeks Body Bags And Says China Hid Infections: Virus Update

(Bloomberg) -- American intelligence officials concluded that China concealed the extent of the outbreak there. The Pentagon aims to provide as many as 100,000 body bags for civilian use in the U.S.New York and New Jersey said deaths have doubled in the past three days, while Florida ordered residents to stay home after weeks of rejecting calls to do so. President Donald Trump’s administration is weighing whether to halt flights from some of the hardest-hit cities.France and Spain reported their deadliest days. Italy and Germany moved to extend lockdowns. In the U.K., some 1 million people have surged onto welfare. Prime Minister Shinzo Abe said Japan would ask all arrivals from overseas to go into quarantine. A cruise-ship standoff is intensifying off Australia.Key Developments:Global cases top 932,000; almost 47,000 dead: Johns HopkinsYoung age of many N.Y. patients surprises doctorsLos Angeles mayor says entire city should wear masks: APPivotal climate conference is...

Banks wary of liquidity extend expensive, shorter-dated credit to GE

General Electric Co is asking its lenders to replace US$20bn in revolving loans with a new debt package that will come with a smaller size and shorter maturities, sources said. The new loans, that will come at the reduced size of US$15bn, are a testament to a changing bank landscape as firms seek to get better compensated for the risk they take to lend as volatility rattles the markets. JP Morgan, Citigroup, Bank of America, BNP Paribas, Goldman Sachs and Morgan Stanley lead the GE loans....