Lord & Taylor explores bankruptcy during coronavirus pandemic as stores remain shut: Report
Neiman Marcus Group also plans to file for bankruptcy as soon as this week.
Neiman Marcus Group also plans to file for bankruptcy as soon as this week.
Congress’ $300B package for small businesses may only last days: report
Bank officials have reportedly warned that the $450 billion package to replenish the earlier small business emergency fund will likely run out of money in just a few days.
Bank officials have reportedly warned that the $450 billion package to replenish the earlier small business emergency fund will likely run out of money in just a few days.
Changes made to unemployment filings amid economic panic due to coronavirus pandemic
New numbers from the Department of Economic Security, show more than 72,000 people applied for unemployment insurance in the past week alone, the fifth week after the state's COVID-19 response began.
New numbers from the Department of Economic Security, show more than 72,000 people applied for unemployment insurance in the past week alone, the fifth week after the state's COVID-19 response began.
Kanye West, Chick-fil-A partner with LA Dream Center to serve 300K meals during coronavirus pandemic
Over 300,000 meals have been served through the Los Angeles Dream Center since mid-March — a feat the founder calls a "miracle of biblical proportions."
Over 300,000 meals have been served through the Los Angeles Dream Center since mid-March — a feat the founder calls a "miracle of biblical proportions."
Trump, Congress near deal on small business, hospital aid
The Trump administration and Congress expect an agreement Monday on a coronavirus aid package of up to $450 billion.
The Trump administration and Congress expect an agreement Monday on a coronavirus aid package of up to $450 billion.
Ilhan Omar introduces bill to cancel rent, mortgage payments during coronavirus pandemic
Legislation has been introduced that would cancel rent and mortgage payments for Americans during the coronavirus pandemic. This would be available to all Americans regardless of income or employment.
Legislation has been introduced that would cancel rent and mortgage payments for Americans during the coronavirus pandemic. This would be available to all Americans regardless of income or employment.
Garcetti warns of budget cuts, employee furloughs from COVID-19 pandemic during State of the City address
Delivering an unusual State of the City address in an unprecedented time of coronavirus social restrictions, Mayor Eric Garcetti on Sunday evening called for stepped-up federal funding for cities while warning that municipal services will be reduced due to spiraling revenue and many city employees will be furloughed for about a month.
Delivering an unusual State of the City address in an unprecedented time of coronavirus social restrictions, Mayor Eric Garcetti on Sunday evening called for stepped-up federal funding for cities while warning that municipal services will be reduced due to spiraling revenue and many city employees will be furloughed for about a month.
Disney suspends pay for 100,000 employees: report
Walt Disney Co. will stop paying more than 100,000 employees this week, nearly half of its workforce, as the world's biggest entertainment company tries to weather the coronavirus lockdown, it was reported Monday.
Walt Disney Co. will stop paying more than 100,000 employees this week, nearly half of its workforce, as the world's biggest entertainment company tries to weather the coronavirus lockdown, it was reported Monday.
Stocks slide as oil crashes below zero
U.S. equity markets slid Monday as oil crashed below zero and headed toward its lowest close since recordkeeping began in March 1983.
U.S. equity markets slid Monday as oil crashed below zero and headed toward its lowest close since recordkeeping began in March 1983.
Shake Shack to return $10M government loan
Shake Shack Inc will return the small business loan it received from the U.S. government, the burger chain's chief executive said on Monday, making it the first major firm to hand back money aimed at helping small businesses ride out the coronavirus impact.
Shake Shack Inc will return the small business loan it received from the U.S. government, the burger chain's chief executive said on Monday, making it the first major firm to hand back money aimed at helping small businesses ride out the coronavirus impact.
Phoenix chef closes beloved restaurant, plans to feed nurses and homeless amid COVID-19 spread
In a tearful video posted on Facebook Friday, a local chef announced she's closing her restaurant in Phoenix.
In a tearful video posted on Facebook Friday, a local chef announced she's closing her restaurant in Phoenix.
Neiman Marcus to file for bankruptcy as soon as this week: sources
(Reuters) - Neiman Marcus Group is preparing to seek bankruptcy protection as soon as this week, becoming the first major U.S. department store operator to succumb to the economic fallout from the coronavirus outbreak, people familiar with the matter said.
(Reuters) - Neiman Marcus Group is preparing to seek bankruptcy protection as soon as this week, becoming the first major U.S. department store operator to succumb to the economic fallout from the coronavirus outbreak, people familiar with the matter said.
Why some military members had stimulus checks snatched, reduced
USAA, a financial company that caters to military members and veterans, has suspended a policy that had resulted in members having their stimulus checks used to offset existing debts.
USAA, a financial company that caters to military members and veterans, has suspended a policy that had resulted in members having their stimulus checks used to offset existing debts.
Maricopa Ambulance furloughs nearly 100 employees due to COVID-19
Maricopa Ambulance has furloughed nearly 100 employees after a decrease in demand during the COVID-19 outbreak.
Maricopa Ambulance has furloughed nearly 100 employees after a decrease in demand during the COVID-19 outbreak.
Amazon workers call for ‘virtual walk out’ in response to firings and working conditions amid pandemic
A group called Amazon Employees for Climate Justice (AECJ) is calling for a “virtual walk out” in response to the firings and conditions within Amazon workplaces.
A group called Amazon Employees for Climate Justice (AECJ) is calling for a “virtual walk out” in response to the firings and conditions within Amazon workplaces.
Live Nation reportedly rolling out concert ticket refund program amid coronavirus cancellations
Live Nation is reportedly preparing to roll out a full ticket refund program for fans with tickets to shows cancelled or rescheduled due to the coronavirus pandemic.
Live Nation is reportedly preparing to roll out a full ticket refund program for fans with tickets to shows cancelled or rescheduled due to the coronavirus pandemic.
Berkeley business creates 'cap shields' made of baseball hats for healthcare workers
The business is mass producing what it calls CapShields and giving them away for free here in the Bay Area and across the country.
The business is mass producing what it calls CapShields and giving them away for free here in the Bay Area and across the country.
Dow spikes 700 points as stocks notch second straight week of gains
The Dow Jones Industrial Average soared by as many as 612 points, or 2.6 percent while the S&P 500 and Nasadaq Composite climbed by 2.2 percent and 1.5 percent, respectively.
The Dow Jones Industrial Average soared by as many as 612 points, or 2.6 percent while the S&P 500 and Nasadaq Composite climbed by 2.2 percent and 1.5 percent, respectively.
Experts talk about Arizona's economic future following COVID-19 pandemic
New White House guidelines outline a phased approach to restoring normal commerce and services, but only for places with strong testing and seeing a decrease in COVID-19 cases.
New White House guidelines outline a phased approach to restoring normal commerce and services, but only for places with strong testing and seeing a decrease in COVID-19 cases.
Small businesses wait as Paycheck Protection Program runs out of money
Small businesses have taken a big hit as a result of the ongoing COVID-19 pandemic, and on Thursday, a program that is set to provide them with emergency loans has also run out of money.
Small businesses have taken a big hit as a result of the ongoing COVID-19 pandemic, and on Thursday, a program that is set to provide them with emergency loans has also run out of money.