Eaton Vance Ltd Duration Income Fund
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Company profile

Eaton Vance Limited Duration Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund's primary investment objective is to provide a high level of current income. The Fund may, as a secondary objective, also seek capital appreciation to the extent it is consistent with its primary objective. The Fund may invest in Eaton Vance Cash Reserves Fund, LLC (Cash Reserves Fund). The Fund invests in various sectors, including aerospace and defense, air transport, automotive, beverage and tobacco, brokerage/securities dealers/investment houses, building and development, cable and satellite television, chemicals and plastics, electronics/electrical, financial intermediaries, food products, equipment leasing, lodging and casinos, oil and gas, industrial equipment, home furnishings, leisure goods/activities/movies, healthcare, telecommunications, publishing and insurance, among others. The Fund's investment advisor is Eaton Vance Management (EVM).

Closing Price
$13.48
Day's Change
0.00 (0.00%)
Bid
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Ask
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B/A Size
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Day's High
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Day's Low
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Volume
0

Southwest asks for 'sacrifice' from unionized employees

5:22 pm ET October 5, 2020 (MarketWatch)
Print

Southwest Airlines Co. (LUV) is asking employees to "sacrifice more" as the pandemic continues to devastate the travel industry, saying it will ask union representatives for concessions because of the "inaction" of the federal government. In a video message to employees Monday, Chief Executive Gary C. Kelly said the goal is to avoid furloughs and layoffs through the next year, but furloughs would be the company's "last resort" if it fails to "reach agreement on reasonable concessions," and quickly, with unions. Cost-cutting related to salaries and benefits would be reversed or halted if the federal government extends its bailout, he said. Southwest is "playing offense" and seeking to add cities to its schedule and gain customers, Kelly said. Government support "just didn't last long enough," he said. "The pandemic has devastated travel and tourism ... Costs and spending have been cut dramatically, but not nearly enough to offset a 70% revenue loss," he said. "Absent substantial improvements in our business, our quarterly losses could be in the billions until vaccines are available, distributed, and effectively kill the pandemic-and at best that is looking like late next year." Shares of Southwest were flat in the extended session Monday after ending the regular trading day down 0.7%.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 05, 2020 17:22 ET (21:22 GMT)

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