Businesses in several states reopened their doors Monday, hopeful to bring back customers while managing expectations and safety during the coronavirus pandemic. Monday marked another […]
Year: 2020
What does it mean when a store files for bankruptcy?
Preppy mass-market mall brand J.Crew filed for Chapter 11 bankruptcy protection on Monday, the first major retailer to file for bankruptcy as a result of […]
Tyson expects to keep slowing meat production as coronavirus sickens workers and tanks income
Major meat provider Tyson Foods reported a steep decline in income Monday, raising more fears about America’s food supply chain during the world’s fight against […]
NBC News Chairman Andy Lack to step down
NBC News Chairman Andy Lack will step down from his role and leave the company by the end of the month, NBCUniversal CEO Jeff Shell […]
J. Crew files for bankruptcy as retailer succumbs to COVID-19 fallout
J. Crew Group Inc filed for bankruptcy protection on Monday with a plan to hand over control to lenders, adding to a list of brick-and-mortar […]
How coronavirus will change the way we fly
Higher ticket prices, temperature checks before boarding, and no inflight alcohol: Airline travel in the post-coronavirus era will look very different from the low-cost “getaway” […]
Roche wins U.S. nod for COVID-19 antibody test, aims to boost output
Roche has won emergency approval from the Food and Drug Administration (FDA) for an antibody test to determine whether people have ever been infected with […]
Warren Buffett’s Berkshire Hathaway reports nearly $50 billion loss
OMAHA, Neb. — Warren Buffett’s company reported a nearly $50 billion loss on Saturday because of a huge drop in the paper value of its […]
Cheap oil? A pandemic? No big deal for renewable energy, experts say
When the coronavirus pandemic began to sweep through Spain, workers on the 500-megawatt Núñez de Balboa solar park didn’t stay at home while the country […]
Colorado temporarily suspends evictions during pandemic
Colorado has joined more than 30 other states in temporarily suspending evictions, preventing renters from being removed from their homes during the COVID-19 pandemic. Gov. […]
As states begin to reopen, business owners cautiously welcome easing of coronavirus restrictions
Many states began reopening their economies Friday, allowing more people to get back to work and giving them more opportunities to get out of their […]
Zara reaches settlement with transgender shopper over alleged discrimination
The international clothing retailer Zara reached a $30,000 settlement with a nonbinary transgender customer who reported experiencing discrimination in its New York City stores on […]
Tesla loses $13 billion in market value after Elon Musk tweets its stock price is ‘too high’
Shares of Tesla dropped as much as 12 percent Friday before closing down 10.3 percent after CEO Elon Musk tweeted that the company’s shares are […]
Automakers got a bailout after the last recession, what’s their strategy this time around?
The beginning of a new month traditionally sees a burst of new vehicle sales data from automakers. This year, however, only a handful have released […]
Miami’s “Little Havana” family businesses are hit hard by coronavirus, but vow to fight
MIAMI — David Garcia, 42, owner of Little Havana restaurant La Camaronera, is struggling to keep his business afloat. The landmark Miami seafood establishment — […]