Business

Wednesday’s business headlines

The latest business headlines

INDIANAPOLIS (WISH) – Here’s a look at Wednesday’s business headlines.

Apple stores

Apple expects to begin reopening retails stores by mid-April.

Bloomberg reports it will allow employees to work remotely through at least April 5.

it says if it does reopen at that time, it will extend flexible work arrangements for employees.

Verizon

Verizon is giving all of its mobile customers an extra 15GB of data for a month – starting from March 25 to April 30.

For unlimited data customers, the extra 15GB of data is going toward mobile hotspot functionality.

Customers don’t need to do anything – it’ll automatically be added to plans.

Retail rent

Major U.S. retail and restaurant chains, including Mattress Firm and Subway, are telling landlords they will withhold or slash rent in the coming months after closing stores to slow the coronavirus.

Bloomberg reports chains are calling for rent reductions through lease amendments and other measures starting in April.

The stores say the shutdown has been more severe than expected and they want to work with landlords to stay in business and preserve jobs.

Southwest Airlines

Southwest Airlines will cancel 1,500 daily flights starting Friday, an increase from what the Dallas-based airline said several days ago as demand for air travel plummets even more.

The cancellations represent nearly 40% of the airlines daily service.

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