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Apr 10, 2020
U.S. consumer prices fell in March as oil prices plummeted and the economy began to strain under the new coronavirus pandemic.
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Apr 10, 2020
Millions of Americans who don't earn enough income to file tax returns can now claim their one-time stimulus payments by filing a free, basic online form with the Internal Revenue Service, the agency said Friday.
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Apr 10, 2020
A virtual summit of Group of 20 energy ministers is tackling the question of how industrialized nations can help resolve an unprecedented oil glut partly triggered by the coronavirus pandemic, and producers are pinning their hopes on U.S. President Donald Trump.
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Apr 10, 2020
Facebook's ad business is feeling the impact of the new coronavirus. Even as people stuck in their homes spend more time on social media, advertisers are pulling back during the economic shock now under way.
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Apr 10, 2020
CEO David Calhoun has at times made troubles worse as Boeing confronts the pandemic and continuing 737 MAX woes, recently undercutting the urgency of the aerospace giant's request for government aid.
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Apr 10, 2020
The company said Performance Supply tried to sell 3M-branded masks to New York City officials for up to six times list prices.
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Apr 10, 2020
The next wave of testing aims to search for signs of past infection in a patient's blood, potentially giving public-health and hospital officials a better idea of who can safely treat patients and stop social distancing.
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Apr 10, 2020
United by a singular purpose and freed from bureaucratic restraints, traditional companies like Ford are suddenly more nimble.
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Apr 10, 2020
From deals on new cars to safely doing test drives, here are answers to some common questions about auto shopping now.
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Apr 10, 2020
U.S. consumer prices fell in March as oil prices plummeted and the U.S. economy began to strain under the novel coronavirus pandemic.
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Apr 10, 2020
China has been buying up ads on U.S. social-media sites and adopting online tactics reminiscent of Russian disinformation campaigns in an apparent attempt to shape the story internationally about the coronavirus response, according to researchers analyzing the activity.
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Apr 10, 2020
EU governments are flexing their power to block deals in the national interest, as the pandemic has made European companies tempting targets for foreign bargain hunters.
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Apr 10, 2020
Auto makers in China suffered their bleakest ever quarter in January through March, as the coronavirus pandemic closed factories and dealerships for several weeks, and eviscerated consumer demand.
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Apr 10, 2020
Sales of alcohol at U.S. liquor and grocery stores jumped 22% for the week ending March 28, compared with the same period last year, and online alcohol sales have also soared as many states let restaurants and bars make home deliveries or offer takeout wine and cocktails.
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Apr 10, 2020
Finance chiefs are extending credit lines, bolstering emergency cash reserves and tapping bond markets, as they revise debt strategies and seek to avoid mistakes from past crises.
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Apr 10, 2020
Virtual conferencing can't compete with in-the-flesh meetings, say venture capitalists.
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Apr 10, 2020
The first applicants still await funding, fueling anxiety among business owners whose revenue has tanked during the coronavirus pandemic.
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Apr 09, 2020
Boeing is considering a plan to reduce its workforce by about 10%, as the aerospace giant grapples with the fallout from the coronavirus pandemic.
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Apr 09, 2020
Martin Scorsese's representatives have been holding talks with Apple, Netflix and others, as they seek a new company to produce or distribute the director's next big-budget film, according to people familiar with the matter.
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Apr 09, 2020
Trump administration officials sought to revoke federal licenses used by China Telecom to do business in the U.S., ratcheting up pressure on a state-owned enterprise close to Beijing.
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Apr 09, 2020
The number of Americans seeking unemployment benefits continued to surge at unprecedented levels, bringing the total number of applications to nearly 17 million since the coronavirus pandemic shut down swaths of the U.S. economy.
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Apr 09, 2020
British American Tobacco is suing two of its biggest rivals, alleging the IQOS tobacco heating device developed by Philip Morris International and sold by Altria Group infringes on its U.S. patents.
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Apr 09, 2020
The agency is facing a sharp decline in mail volume and billions of dollars in additional losses as it operates during the pandemic, where hundreds of its workers have fallen sick and a dozen have died from Covid-19.
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Apr 09, 2020
Record-setting jobless claims and dire economic forecasts are giving fresh urgency to the debate over how rapidly coronavirus-fueled restrictions should be pared back so the economy can begin its revival.
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Apr 09, 2020
The company, whose operations are closed due to the coronavirus pandemic, has filed for bankruptcy with plans to be acquired by a lender group led by Cerberus Capital Management.
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Apr 09, 2020
Mutual-fund company Franklin Resources is taking steps to prepare for a potential debt restructuring or bankruptcy of indebted oil-and-gas driller Chesapeake Energy.
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Apr 09, 2020
The government and the private sector are going deeper in the hole to survive the economic shutdown. The debt could be a drag on recovery if businesses and individuals hold back on investment and spending. Economists say low interest rates should help manage the soaring debt load.
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Apr 09, 2020
A record 7.5 million Americans were receiving unemployment benefits at the end of March as the coronavirus pandemic continued to hit the U.S. job market. The Labor Department reported that another 6.6 million submitted claims last week.
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Apr 09, 2020
A record 7.5 million Americans were receiving unemployment benefits at the end of March as the coronavirus pandemic continued to hit the U.S. job market. The Labor Department reported that another 6.6 million submitted claims last week.
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Apr 09, 2020
General Electric warned its first-quarter earnings would be below its prior forecasts and pulled its financial guidance for the full year, citing the disruptions and uncertainty caused by the coronavirus pandemic.
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Apr 09, 2020
The Federal Reserve chairman said the central bank was using lending powers reserved for emergencies to prevent the coronavirus shutdown from causing a collapse of financial markets and the economy. But he stressed the limits of these powers, effectively calling on Congress and the Trump administration to take additional action.
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Apr 09, 2020
With restaurants, hotels and cafeterias closed by the coronavirus, American farmers stuck with vast quantities of food they cannot sell are dumping milk, throwing out chicken-hatching eggs and rendering pork bellies into lard instead of bacon.
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Apr 09, 2020
With restaurants, hotels and cafeterias closed by the coronavirus, American farmers stuck with vast quantities of food they cannot sell are dumping milk, throwing out chicken-hatching eggs and rendering pork bellies into lard instead of bacon.
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Apr 09, 2020
BP's sale of its Alaskan business is in jeopardy after a group of banks balked at financing the $5.6 billion deal to buyer Hilcorp Energy amid a historic rout of oil and gas prices, according to people familiar with the deal.
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Apr 09, 2020
Some hospitals say they are buying faulty imitations of the high-quality N95 masks workers need to treat patients with Covid-19, a new hazard for officials scouring the globe for scarce protective gear.
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Apr 09, 2020
As job losses ricochet across the U.S., Europe is conducting an unprecedented experiment in navigating the economic fallout from the new coronavirus: Persuade companies to forgo layoffs by subsidizing private-sector wages on a massive scale.
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Apr 09, 2020
A record 7.5 million Americans were receiving unemployment benefits at the end of March as the coronavirus pandemic continued to hit the U.S. labor market. The ranks of workers filing for jobless claims was 6.6 million last week.
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Apr 09, 2020
The Federal Reserve's efforts include a lending facility to support state and city finances. The facility will purchase short-term notes directly from states, large U.S. counties and cities.
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Apr 09, 2020
The Federal Reserve's efforts include a lending operation to support state and city finances. The program will purchase short-term notes directly from states, large U.S. counties and cities.
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Apr 09, 2020
Fear of crowds and lack of funds are likely to hobble tourism for years after coronavirus crisis.
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Apr 09, 2020
When China's economy crashed early this year, Western manufacturers with a strong presence there suffered. Now, as China gradually reopens for business, that presence is boosting auto makers including General Motors, Volkswagen, Mercedes-Benz and BMW.
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Apr 09, 2020
To try to prevent foreign companies from leaving and keep investment flowing, officials have helped foreign enterprises resolve supply-chain bottlenecks and restart production.
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Apr 09, 2020
An immune system gone haywire may be doing more damage than the coronavirus itself in patients with the severest forms of Covid-19, doctors and scientists say, a growing theory that could point the way to potential treatments.
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Apr 09, 2020
The drugmaker has found a promising but early potential coronavirus treatment, which the company aims to begin testing in patients this summer.
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Apr 09, 2020
Thousands of technology enthusiasts and others are flocking to a new wave of hackathons created to fight against the coronavirus pandemic.
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Apr 09, 2020
The health of the global economy comes down to a race between money flooding out of emerging markets amid the coronavirus pandemic and the efforts of the International Monetary Fund and World Bank to pump money back in.
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Apr 09, 2020
Embattled rural hospitals, some on the front lines of the coronavirus crisis, stand to lose out on billions of dollars in federal aid, with industry experts worried that financial lifelines could come too late—or not at all.
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Apr 09, 2020
Ævar Pálmi Pálmason, who serves the Reykjavik Metropolitan Police force, heads a team of so-called contact tracers in Iceland, deployed to try to keep anyone potentially infected from spreading the virus.
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Apr 09, 2020
Amazon's 100,000 job openings in its warehouses and delivery network are a rare bright spot in a U.S. economy that has been wracked by the shutdown of ordinary life.
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Apr 09, 2020
Swindlers are taking advantage of the global health crisis, so watch out for email phishing, robocalls and "smishing"—text-message scams sent to your phone.
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Apr 08, 2020
Walt Disney Co. reported more than 50 million paid subscribers world-wide for its Disney service some five months after its launch in the highly competitive streaming-platform market.
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Apr 08, 2020
Several health-care and software companies are seeking to create a registry of Covid-19 patients by pooling medical records from across the country, aiming to study how the disease is spreading, which population groups are most vulnerable and how effective proposed treatments are, people familiar with the matter said.
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Apr 08, 2020
William Lewis, who became CEO of Dow Jones and publisher of The Wall Street Journal in 2014, said he is leaving the company after being told his contract wouldn't be renewed.
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Apr 08, 2020
Several health-care and software companies are seeking to create a registry of Covid-19 patients by pooling medical records from across the country, aiming to study how the disease is spreading, which population groups are most vulnerable and how effective proposed treatments are, people familiar with the matter said.
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Apr 08, 2020
The shared-office provider has stopped paying rent at some U.S. locations, in the latest sign that the co-working company is aggressively trying to cut costs as the pandemic adds to its troubles.
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Apr 08, 2020
U.S. officials granted Google permission to turn on a high-speed internet link to Taiwan but not to the Chinese territory of Hong Kong, citing national-security concerns in a ruling that underscores fraying ties between Washington and Beijing.
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Apr 08, 2020
A federal judge rejected the Justice Department's challenge of a deal in which travel-booking service Sabre is seeking to acquire an industry upstart, a stinging ruling that could hamper antitrust enforcers in future cases.
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Apr 08, 2020
The crisis that has embroiled the world's airlines is now hitting the industry's biggest aircraft makers, Boeing and Airbus, and further challenging Boeing's efforts to return its 737 MAX to service.
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Apr 08, 2020
Federal Reserve officials reacted with growing alarm to the spreading coronavirus pandemic in March, prompting them to cut interest rates at two emergency meetings and signal plans to leave them unchanged until the economy recovered from its sudden stop, meeting minutes show.
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Apr 08, 2020
The administration is turning toward the most well-worn pages of its global playbook—tariffs and threats—as it tries to stop an oil-price war from crippling dozens of U.S. companies
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Apr 08, 2020
The Federal Reserve temporarily lifted restrictions on Wells Fargo's growth, allowing the bank to make more loans during the coronavirus crisis.
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Apr 08, 2020
With travel nearly at a standstill, the home-sharing giant is facing increasing losses and doubts about its planned public listing.
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Apr 08, 2020
The electric-car maker is furloughing workers and cutting salaried employees' pay more than two weeks after it was forced to shut down production of its lone U.S. car-assembly plant.
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Apr 08, 2020
The public has been impressed with how New York Gov. Andrew Cuomo is handling the coronavirus outbreak, and crisis managers give his leadership style high marks.
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Apr 08, 2020
Illinois and New York workers have started receiving larger unemployment payments from expanded coronavirus benefits as the pandemic hits the U.S. labor market.
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Apr 08, 2020
The hamburger chain said sales for its existing base of restaurants globally fell 22% last month as the coronavirus spread and economies around the world shut down.
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Apr 08, 2020
The coronavirus pandemic means we must wear masks, which makes unlocking our smartphones more difficult. There are hacked solutions, but the best advice is from medical pros who have dealt with this for years.
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Apr 08, 2020
The Federal Reserve said it would temporarily ease its asset cap on Wells Fargo to encourage the bank to lend to small businesses harmed by the outbreak of coronavirus.
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Apr 08, 2020
Some airlines, cruise ships and other travel companies have been slow delivering money back for trips canceled by the coronavirus pandemic.
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Apr 08, 2020
Container ship operators have idled a record 13% of their capacity over the past month as carriers at the foundation of global supply chains buckle down while restrictions under the coronavirus pandemic batter trade demand.
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Apr 08, 2020
Tractor Supply caters to rural and exurban Americans with pet food, chicken coops, cattle gates, propane and more. CEO Hal Lawton talks about its rush to hire thousands of employees to meet demand for pandemic supplies and what things are forever changed.
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Apr 08, 2020
The coronavirus pandemic will cause a severe economic contraction, 14.4 million job losses and a spike in the unemployment rate this spring, with an economic recovery starting the second half of the year, economists forecast in a Wall Street Journal survey.
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Apr 08, 2020
Judge Dennis Montali said he won't order the dissemination of a supplemental disclosure that urges wildfire victims to withhold votes until at least the end of the month on PG&E's chapter 11 exit proposal.
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Apr 08, 2020
The car maker is making 30,000 ventilators for the national stockpile in a $489.4 million contract with the Department of Health and Human Services, as surging coronavirus cases have tested medical capacities across the U.S.
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Apr 08, 2020
The coronavirus pandemic has upended the airline industry, halting travel and grounding planes. Now, the sector's pain is spreading to a little-known corner of the market where investors have enjoyed heady returns for years.
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Apr 08, 2020
A federal program to help small companies weather the coronavirus fallout has failed to distribute funds quickly, according to lawmakers, business advocates and entrepreneurs, many of whom are counting on aid to survive.
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Apr 08, 2020
The pandemic has thrown a curveball to lawmakers working to secure stimulus funds in an election year. Rep. Haley Stevens (D., Mich.) is among those finding creative ways to keep pursuing her policy goals and re-election.
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Apr 08, 2020
U.S. statistical agencies are struggling to measure the economy during disruptions from the coronavirus pandemic, with lockdowns and business closures making it harder to gather information.
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Apr 08, 2020
With debt payments looming and access to loans uncertain during the coronavirus crisis, retailers are running out of time.
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Apr 08, 2020
Thousands of accounts are hawking medical face masks that could be fraudulent, according to a research report, a sign that Facebook is struggling to prevent users from taking advantage of the pandemic.
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Apr 07, 2020
Government officials and business leaders are turning their attention to a looming challenge in the fight against the new coronavirus: How to reopen a $22 trillion economy that has never been shut down like this before.
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Apr 07, 2020
The CEO is offering some of his stake in Square to fund charitable causes, starting with relief efforts toward the novel coronavirus pandemic.
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Apr 07, 2020
The CEO is offering some of his stake in Square to fund charitable causes, starting with relief efforts toward the novel coronavirus pandemic.
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Apr 07, 2020
Processed-meat brand Steak-umm has become an unlikely minder of misinformation, using a Twitter thread to caution people about the sources of their coronavirus news.
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Apr 07, 2020
Amazon.com will halt a delivery service for non-Amazon packages, according to people familiar with the matter, as it re-evaluates the nascent offering that competes directly with FedEx and UPS.
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Apr 07, 2020
Airbnb Inc. agreed to pay its new investors interest at a rate of more than 10%, and to strengthen its leadership, in return for the $1 billion in additional funding announced Monday, according to people familiar with the matter
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Apr 07, 2020
Trucking companies that deliver goods to manufacturers are cutting pay, reducing hours for workers and pulling back spending as an initial bump in demand for consumer products gives way to a deepening economic downturn.
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Apr 07, 2020
UnitedHealth Group is accelerating payments to doctors and hospitals, starting with about $2 billion over the next week, to ease a cash crunch that has led some health-care providers to furlough workers during the pandemic.
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Apr 07, 2020
UnitedHealth Group is accelerating payments to doctors and hospitals, starting with about $2 billion over the next week, to help ease a cash crunch that has left some health-care providers furloughing workers amid the coronavirus pandemic.
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Apr 07, 2020
A top U.S. regulator said he isn't likely to heed mortgage companies' calls to help ease the cash-flow crunch they are expecting when Americans who lose their jobs stop making mortgage payments amid the pandemic.
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Apr 07, 2020
Macy's chief financial officer will leave the company at the end of May, placing pressure on the beleaguered retailer to fill a key executive position while battling plummeting sales due to lockdowns related to the coronavirus pandemic.
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Apr 07, 2020
Gymboree entered bankruptcy as a failed children's clothing chain. If all goes according to plan, it will leave with a new line of business and millions in tax breaks that could help Goldman Sachs recoup the money it sank into the retailer.
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Apr 07, 2020
An influential proxy adviser has taken the unusual step of urging shareholders to withhold votes for the chairman of Williams Cos. after the pipeline operator adopted a poison pill to fend off unwanted suitors.
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Apr 07, 2020
The U.S. economy is likely to go through a significant adjustment after the coronavirus pandemic recedes as businesses evaluate how the crisis has reshaped demand for their goods and services, Dallas Fed President Robert Kaplan said in an interview.
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Apr 07, 2020
A report by the New York Fed indicates that even the best-managed small businesses in a late 2019 survey didn't have much of a cash cushion in the event their revenue dried up.
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Apr 07, 2020
A special committee of WeWork's directors said pulling the offer was a breach of contract that would harm hundreds of current and former employees.
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Apr 07, 2020
Money can't stop you from catching or dying from the new coronavirus. But it can buy you an attentive doctor, faster testing, a luxury spot for self-isolation and, in some parts of the world, an at-home intensive-care setup complete with a ventilator.
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Apr 07, 2020
Mallinckrodt said Tuesday the previous deal, which would have refinanced over $1.2 billion of its near-maturing debt, has been terminated. The pact was premised upon the pharmaceutical giant being able to raise a new term loan, but the deterioration of financial markets because of the coronavirus pandemic made it difficult for Mallinckrodt to obtain the new financing, according to people familiar with the matter.
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Apr 07, 2020
The Japanese car makers said those affected won't get paid wages but will retain benefits, as most of the U.S. auto industry remains shut down because of the pandemic.
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Apr 07, 2020
Darden Restaurants and Denny's said their sales have plummeted in recent weeks as their dining rooms remain closed amid the coronavirus crisis.
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