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Wall Street Journal US Business
Apr 10, 2020

Coronavirus Disruptions Pushed U.S. Prices Down in March
U.S. consumer prices fell in March as oil prices plummeted and the economy began to strain under the new coronavirus pandemic.

Wall Street Journal US Business
Apr 10, 2020

IRS Adds Ways for Low Earners to Claim Stimulus Payments
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.

Wall Street Journal US Business
Apr 10, 2020

Industrialized Nations Attempt an Oil Market Solution
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.

Wall Street Journal US Business
Apr 10, 2020

Facebook Ad Rates Fall as Coronavirus Undermines Spending
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.

Wall Street Journal US Business
Apr 10, 2020

Boeing CEO Faces Deepening Crisis After Rocky Start
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.

Wall Street Journal US Business
Apr 10, 2020

3M Sues Mask-Seller for Alleged Gouging, Trademark Infringement
The company said Performance Supply tried to sell 3M-branded masks to New York City officials for up to six times list prices.

Wall Street Journal US Business
Apr 10, 2020

Health Authorities Roll Out New Tests to Gauge Spread of Covid-19
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.

Wall Street Journal US Business
Apr 10, 2020

Crisis Has Jump-Started America's Innovation Engine. What Took So Long?
United by a singular purpose and freed from bureaucratic restraints, traditional companies like Ford are suddenly more nimble.

Wall Street Journal US Business
Apr 10, 2020

Buying a New Car During Coronavirus Pandemic: What You Should Know
From deals on new cars to safely doing test drives, here are answers to some common questions about auto shopping now.

Wall Street Journal US Business
Apr 10, 2020

U.S. Consumer Prices Fell in March
U.S. consumer prices fell in March as oil prices plummeted and the U.S. economy began to strain under the novel coronavirus pandemic.

Wall Street Journal US Business
Apr 10, 2020

China Pushes Viral Messages to Shape Coronavirus Narrative
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.

Wall Street Journal US Business
Apr 10, 2020

Coronavirus Accelerates European Efforts to Block Foreign Takeovers
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.

Wall Street Journal US Business
Apr 10, 2020

China's Car Sales Endure Worst-Ever Quarterly Decline
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.

Wall Street Journal US Business
Apr 10, 2020

Coronavirus Closed the Bars. America Stocked the Liquor Cabinet.
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.

Wall Street Journal US Business
Apr 10, 2020

CFOs Seek to Maintain Liquidity as Coronavirus Inflicts Economic Damage
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.

Wall Street Journal US Business
Apr 10, 2020

No Face-to-Face Before the Deal? Venture Firms Are Struggling With That
Virtual conferencing can't compete with in-the-flesh meetings, say venture capitalists.

Wall Street Journal US Business
Apr 10, 2020

Small-Business Loans Face Delays
The first applicants still await funding, fueling anxiety among business owners whose revenue has tanked during the coronavirus pandemic.

Wall Street Journal US Business
Apr 09, 2020

Boeing Considers 10% Cut to Workforce
Boeing is considering a plan to reduce its workforce by about 10%, as the aerospace giant grapples with the fallout from the coronavirus pandemic.

Wall Street Journal US Business
Apr 09, 2020

Scorsese Courts Apple, Netflix to Rescue Costly DiCaprio Film
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.

Wall Street Journal US Business
Apr 09, 2020

U.S. Officials Target Chinese State-Owned Telecom Provider
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.

Wall Street Journal US Business
Apr 09, 2020

U.S. Jobless Claims Soar for Third Straight Week
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.

Wall Street Journal US Business
Apr 09, 2020

Tobacco Giant Sues Rivals Over Patents for Cigarette Alternatives
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.

Wall Street Journal US Business
Apr 09, 2020

Postal Service Warns of $22 Billion Hole From Coronavirus
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.

Wall Street Journal US Business
Apr 09, 2020

Economic Data Spur Debate Over Lifting Virus Restrictions
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.

Wall Street Journal US Business
Apr 09, 2020

Amusement-Park Operator Apex Files for Bankruptcy
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.

Wall Street Journal US Business
Apr 09, 2020

Franklin Prepares for Potential Chesapeake Debt Restructuring
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.

Wall Street Journal US Business
Apr 09, 2020

Coronavirus Crisis Legacy: Mountains of Debt
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.

Wall Street Journal US Business
Apr 09, 2020

U.S. Jobless Claims Totaled 6.6 Million Last Week
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.

Wall Street Journal US Business
Apr 09, 2020

U.S. Jobless Claims Total 6.6 Million Last Week
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.

Wall Street Journal US Business
Apr 09, 2020

GE Warns of Weak First Quarter, Pulls Forecasts
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.

Wall Street Journal US Business
Apr 09, 2020

Powell Pledges Aggressive Fed Action
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.

Wall Street Journal US Business
Apr 09, 2020

Farmers Dump Milk, Break Eggs as Restaurant Closings Destroy Demand
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.

Wall Street Journal US Business
Apr 09, 2020

Farmers Struggle With Glut of Food as Coronavirus Closes Restaurants
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.

Wall Street Journal US Business
Apr 09, 2020

Key BP Deal Threatened by Buyer's Financing Snag
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.

Wall Street Journal US Business
Apr 09, 2020

Faulty N95 Masks Hamper Hospitals in Need
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.

Wall Street Journal US Business
Apr 09, 2020

Europe Unleashes Massive Subsidies to Stem Job Losses
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.

Wall Street Journal US Business
Apr 09, 2020

U.S. Unemployment Claims Total 6.6 Million Last Week
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.

Wall Street Journal US Business
Apr 09, 2020

Fed Announces New Facilities to Support $2.3 Trillion in Lending
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.

Wall Street Journal US Business
Apr 09, 2020

Fed Unveils New Programs to Support $2.3 Trillion in Lending
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.

Wall Street Journal US Business
Apr 09, 2020

Las Vegas Job Losses Could Double Those of 2007-09 Recession
Fear of crowds and lack of funds are likely to hobble tourism for years after coronavirus crisis.

Wall Street Journal US Business
Apr 09, 2020

Car Makers Get a Boost as Chinese Plants Slowly Return to Life
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.

Wall Street Journal US Business
Apr 09, 2020

China Chases Foreign Capital to Fend Off Coronavirus Slowdown
To try to prevent foreign companies from leaving and keep investment flowing, officials have helped foreign enterprises resolve supply-chain bottlenecks and restart production.

Wall Street Journal US Business
Apr 09, 2020

Haywire Immune Response Eyed In Coronavirus Deaths, Treatment
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.

Wall Street Journal US Business
Apr 09, 2020

Pfizer Identifies Lead Coronavirus Drug Candidate
The drugmaker has found a promising but early potential coronavirus treatment, which the company aims to begin testing in patients this summer.

Wall Street Journal US Business
Apr 09, 2020

Hackathons Target Coronavirus
Thousands of technology enthusiasts and others are flocking to a new wave of hackathons created to fight against the coronavirus pandemic.

Wall Street Journal US Business
Apr 09, 2020

IMF, World Bank Face Deluge of Aid Requests From Developing World
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.

Wall Street Journal US Business
Apr 09, 2020

Rural Hospitals Unsure Coronavirus Aid Is Coming
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.

Wall Street Journal US Business
Apr 09, 2020

A Cop Skilled in Tracking Mobsters Is Now Focused on the Coronavirus
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.

Wall Street Journal US Business
Apr 09, 2020

A Month Ago, They All Had Stable Jobs. Now They Want to Work for Amazon.
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.

Wall Street Journal US Business
Apr 09, 2020

Don't Click! Coronavirus Text and Phone Scams Are Designed to Trick You
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.

Wall Street Journal US Business
Apr 08, 2020

Disney Tops 50 Million Paid Subscribers Globally
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.

Wall Street Journal US Business
Apr 08, 2020

Database of Medical Records Would Create a Coronavirus Registry
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.

Wall Street Journal US Business
Apr 08, 2020

Dow Jones CEO William Lewis to Leave Company
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.

Wall Street Journal US Business
Apr 08, 2020

Companies Seek to Pool Medical Records to Create Coronavirus Patient Registry
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.

Wall Street Journal US Business
Apr 08, 2020

WeWork Skips Rent Payments as Coronavirus Hits Revenue
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.

Wall Street Journal US Business
Apr 08, 2020

U.S. Allows Google Internet Project to Advance Only if Hong Kong Is Cut Out
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.

Wall Street Journal US Business
Apr 08, 2020

Judge Allows Travel-Industry Deal, Rejecting U.S. Antitrust Complaint
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.

Wall Street Journal US Business
Apr 08, 2020

Pandemic Hits Plane Makers, Complicates 737 MAX Return
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.

Wall Street Journal US Business
Apr 08, 2020

Fed Minutes Reveal Alarm Over Virus's Economic, Market Disruptions
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.

Wall Street Journal US Business
Apr 08, 2020

Trump Eyes Tariffs as Tool to Tame Oil Glut
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

Wall Street Journal US Business
Apr 08, 2020

Fed Eases Wells Fargo's Asset Cap to Lend to Small Businesses
The Federal Reserve temporarily lifted restrictions on Wells Fargo's growth, allowing the bank to make more loans during the coronavirus crisis.

Wall Street Journal US Business
Apr 08, 2020

Airbnb's Coronavirus Crisis: Burning Cash, Angry Hosts and an Uncertain Future
With travel nearly at a standstill, the home-sharing giant is facing increasing losses and doubts about its planned public listing.

Wall Street Journal US Business
Apr 08, 2020

Tesla Cuts Salaries, Furloughs Workers Amid Coronavirus Crisis
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.

Wall Street Journal US Business
Apr 08, 2020

'Sometimes the Crisis Makes the Leader': Andrew Cuomo and Five Lessons on Leadership
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.

Wall Street Journal US Business
Apr 08, 2020

Illinois, New York Residents Among First to See Bigger Virus Unemployment Payments
Illinois and New York workers have started receiving larger unemployment payments from expanded coronavirus benefits as the pandemic hits the U.S. labor market.

Wall Street Journal US Business
Apr 08, 2020

McDonald's Warns Of Difficult Decisions Ahead
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.

Wall Street Journal US Business
Apr 08, 2020

iPhone Can't Recognize You With a Mask On? Here's What To Do About It
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.

Wall Street Journal US Business
Apr 08, 2020

Fed Eases Wells Fargo's Asset Cap to Lend to Small Businesses Harmed by Coronavirus
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.

Wall Street Journal US Business
Apr 08, 2020

The Frustrated Travelers Battling for Refunds
Some airlines, cruise ships and other travel companies have been slow delivering money back for trips canceled by the coronavirus pandemic.

Wall Street Journal US Business
Apr 08, 2020

Ocean Carriers Idle Container Ships in Droves on Falling Trade Demand
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.

Wall Street Journal US Business
Apr 08, 2020

Tractor Supply CEO Talks Pet-Food Hoarding During the Pandemic
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.

Wall Street Journal US Business
Apr 08, 2020

WSJ Survey: Coronavirus to Cause Deep U.S. Contraction, 13% Unemployment
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.

Wall Street Journal US Business
Apr 08, 2020

Bankruptcy Judge Won't Stand in Way of PG&E Settlement Vote
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.

Wall Street Journal US Business
Apr 08, 2020

GM to Make 30,000 Ventilators for National Stockpile
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.

Wall Street Journal US Business
Apr 08, 2020

Investors Are Bailing on Aircraft Leasing Funds
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.

Wall Street Journal US Business
Apr 08, 2020

SBA Under Fire for Failing to Get Aid to Struggling Small Businesses
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.

Wall Street Journal US Business
Apr 08, 2020

Michigan Lawmaker Uses Roadtrip, Zoom Fundraisers to Govern Amid Coronavirus
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.

Wall Street Journal US Business
Apr 08, 2020

Coronavirus Poses Accuracy Challenge for Economic Data
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.

Wall Street Journal US Business
Apr 08, 2020

Some Retail Chains Fight for Survival
With debt payments looming and access to loans uncertain during the coronavirus crisis, retailers are running out of time.

Wall Street Journal US Business
Apr 08, 2020

Instagram Draws Surge in Offers of Masks With Potential Risks
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.

Wall Street Journal US Business
Apr 07, 2020

Attention Turns to Eventual Reopeningof U.S. Economy
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.

Wall Street Journal US Business
Apr 07, 2020

Twitter's Dorsey Pledges $1 Billion to Charity, Including Coronavirus Relief
The CEO is offering some of his stake in Square to fund charitable causes, starting with relief efforts toward the novel coronavirus pandemic.

Wall Street Journal US Business
Apr 07, 2020

Twitter's Jack Dorsey Pledges $1 Billion to Charity, Including Coronavirus Relief
The CEO is offering some of his stake in Square to fund charitable causes, starting with relief efforts toward the novel coronavirus pandemic.

Wall Street Journal US Business
Apr 07, 2020

Steak-umm Emerges as Unlikely Coronavirus Misinformation Watchdog
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.

Wall Street Journal US Business
Apr 07, 2020

Amazon to Suspend Delivery Service That Competes With UPS, FedEx
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.

Wall Street Journal US Business
Apr 07, 2020

Airbnb Paying More Than 10% Interest on $1 Billion Financing
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

Wall Street Journal US Business
Apr 07, 2020

Truckers Cut Spending as Factory Slowdown Weighs on Operators
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.

Wall Street Journal US Business
Apr 07, 2020

UnitedHealth Will Speed Payments to Doctors, Hospitals Amid Pandemic
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.

Wall Street Journal US Business
Apr 07, 2020

UnitedHealth Will Speed Payments to Doctors, Hospitals
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.

Wall Street Journal US Business
Apr 07, 2020

Fannie, Freddie Unlikely to Aid Mortgage Companies, FHFA Chief Says
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.

Wall Street Journal US Business
Apr 07, 2020

CFO Exit Puts Macy's Under Pressure as Stores Remain Shut
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.

Wall Street Journal US Business
Apr 07, 2020

How Goldman Could Recoup the Money It Sank Into Gymboree
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.

Wall Street Journal US Business
Apr 07, 2020

Pipeline Operator Williams Comes Under Fire
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.

Wall Street Journal US Business
Apr 07, 2020

Fed's Kaplan: Consumer Response to 'Body Blow' Will Determine Pace of Recovery
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.

Wall Street Journal US Business
Apr 07, 2020

Small Businesses' Finances Highly Vulnerable to Coronavirus Crisis
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.

Wall Street Journal US Business
Apr 07, 2020

WeWork Directors Sue SoftBank Over Terminated $3 Billion Share Offer
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.

Wall Street Journal US Business
Apr 07, 2020

World's Wealthy Tap Personal Ventilators, On-Demand Doctors to Fight Coronavirus
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.

Wall Street Journal US Business
Apr 07, 2020

Drugmaker Mallinckrodt Downsizes Debt Refinancing
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.

Wall Street Journal US Business
Apr 07, 2020

Nissan, Honda Trigger Furloughs for More Than 24,000 U.S. Workers
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.

Wall Street Journal US Business
Apr 07, 2020

Darden and Denny's Hit Sales Slump
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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