Capital One pledges $50M to nonprofits working on food aid, small business assistance

Capital One Financial Corp. (NYSE: COF) has pledged $50 million to support nonprofit partners working in part on food and hunger aid as it continues to ramp up its efforts during the novel coronavirus outbreak. The McLean financial giant has already expanded its use of telework, increasing the number of customer support associates who work from home from 1,600 to 13,000 in two weeks, CEO and co-founder Richard Fairbank said in a message to employees Friday that was then posted online by the bank. (Wash Bus Journal)

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Macy's to furlough majority of its 130,000 workers amid coronavirus

Department store giant Macy's Inc. announced Monday that it will furlough the majority of its workforce of 130,000 as it grapples with the impact of COVID-19, which has ground sales to a halt. Macy's (NYSE: M) made the announcement 13 days after it said it would close all 680 of its physical stores amid the coronavirus outbreak. Those stores will remain closed until the company has a "clear line of sight on when it's safe to reopen," according to a news release. (Wash Bus Journal)

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With hand sanitizer and elbow bumps, real estate agents are still selling during pandemic

Rob Wittman is astonished that in a time of social distancing, real estate agents are holding open houses, allowing inspections and closing sales. “It’s just bothering me — the cavalierness of the agents around me,” said Wittman, a real estate agent who planned to open his own brokerage, NextHome Reach, in early March but instead is sheltering in place because of the coronavirus outbreak. “There are too many [real estate agents] to count bragging about touring houses, their lame protective gear, or their prowess for sales during this crisis.” (Wash Post)

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As hotels plead for 'second' stimulus, D.C. area stares down $1.5B in outstanding debt

The hotel industry is warning it could default on millions worth of collateralized loans within the next several months and deliver another financial shock to the U.S. economy without more intervention by the federal government, above and beyond the $2 trillion coronavirus bailout package just signed into law by President Donald Trump. (Wash Bus Journal)

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28 NIH staffers tested positive for coronavirus in Md.

The National Institutes of Health, based in Bethesda, Maryland, confirmed for WTOP on Monday that it has over two dozen staff members who have tested positive for COVID-19. Reached via email, NIH said as of March 27, there were 28 staff members diagnosed with the novel coronavirus. The NIH cases are included in the Montgomery County and Maryland count. Since March 12, staff members have been encouraged to work from home. Currently, that is allowed through May 1. (WTOP)

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Lockheed commits $66.5M, vehicles and other resources to coronavirus relief

With the U.S. continuing to battle the ongoing novel coronavirus pandemic, one of its largest defense contractors is committing new resources to the fight. Lockheed Martin Corp. (NYSE: LMT) Chairman, President and CEO Marillyn Hewson said in a statement Friday the Bethesda defense giant would commit $66.5 million “as an initial contribution” to national COVID-19 relief efforts, in addition to other company resources. (Balt Bus Journal)

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Montgomery County pharmacy, alcohol producers band together to make sanitizer

Maryland-based distillers, vintners and a compounding pharmacy have come together to make up for a shortage of hand sanitizer. The first batch of locally made disinfectant is now being used by Montgomery County police, staff at the Department of Corrections, the county’s Health and Human Services department, the county sheriff’s office and others. (WTOP)

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These Md. companies are racing to create coronavirus testing supplies

A handful of local diagnostics makers have worked quickly to ramp up production of new COVID-19 testing options to try to alleviate a mass shortage of testing supplies plaguing health care organizations nationwide. It is widely believed that the number of cases of coronavirus infection is much higher than confirmed test results are currently able to show, in Maryland and across the U.S. (Balt Bus Journal)

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