Facing public backlash, government warnings, and private misgivings, more than a dozen publicly traded companies and big businesses have so far announced they have returned, […]
Year: 2020
Automakers adjust to ‘new normal’ as they prepare to reopen plants
A growing list of automakers hope to restart their assembly lines — some as early as this week — as manufacturers battle to prevent a […]
Small businesses say they need more than 2 months of help to survive coronavirus crisis
Even as a new round of billion-dollar relief hits Main Street this week, some small-business owners fear that the money still isn’t enough — and […]
Private haven for wealthy received $2M from small business loan program
A housing association representing the richest zip code in America was approved to receive a $2 million emergency coronavirus relief loan from the Small Business […]
Few Hispanic business owners got coronavirus relief loans, Latino survey finds
A survey of more than 500 Latino small-business owners who applied for coronavirus relief loans found that just 97 of them received money while the […]
Social media users reveal where they’re donating stimulus money
People across the United States who received their coronavirus stimulus payments say they’ve decided to redistribute that money to various organizations and those in need. […]
Smithfield Foods sued over working conditions in Missouri during coronavirus
Smithfield Foods Inc, the world’s largest pork processor, has been accused in a lawsuit of failing to adequately protect workers at a Missouri plant who […]
Coronavirus package falls short for lenders to Latino, minority businesses
Salvador Quintero had to look beyond traditional banks to get funding for the restaurant he started 20 years ago in Kutztown, Pennsylvania, money that has […]
Firms with Trump links or worth $100 million got small business loans
The government’s $349 billion small business lending program was designed to keep merchants afloat during the COVID-19 crisis. But critics say the structure of the […]
Want a mask contract or some ventilators? A White House connection helps
Winners and losers While White House officials say the disaster response has been apolitical, the actions they have taken and the words Trump and other […]
AT&T CEO Randall Stephenson to step down
AT&T CEO Randall Stephenson is stepping down from the company, just days after the telecom operator reported it lost 3.42 million video subscribers in 2019. […]
Facing furor, Ruth’s Chris high-end steak chain returns $20M small-business loan
Ruth’s Chris Steak House will return the $20 million coronavirus small-business loan it procured from the government’s $350 billion Paycheck Protection Program, the company announced […]
Gilead stock falls after disappointing early trial results for highly anticipated coronavirus treatment
Stock trading was briefly halted Thursday for California-based Gilead Sciences, after a draft report said the company’s experimental coronavirus treatment disappointed in a recent drug […]
L.A. groups rally to give street vendors, shut down during coronavirus, a much-needed lifeline
In order to identify those who are most in need, three street vendor leaders formed a coalition called Vendedores en Acción (Vendors in Action). They […]
U.S. jobless claims reach 26 million since coronavirus hit, wiping out all gains since 2008 recession
Another 4.4 million Americans filed for initial jobless claims last week, revealing that at least 26 million people have requested unemployment benefits since the outbreak […]