GOP Senators Offer 6-Month Lifeline for Airlines
A new $28 billion relief package would avert layoffs of airline employees as the industry continues to struggle with the COVID pandemic.
Fed Survey: Household Finances Improve, Uncertainty Remains
Overall, at least 77% of adults said they were at least “doing OK” in July, up from 72% in April.
Sadly, America’s Next Hot Job May Be Chief Restructuring Officer
Many companies will struggle as the COVID recession continues and will look to CROs for guidance.
OECD Revises Growth Forecast Upward for 2020
The group is now predicting a 4.5% contraction for this year, citing the swift recovery in output since coronavirus containment measures were eased.
Kohl’s Cuts Corporate Jobs to Save $65 Million
The layoffs will “further align [Kohl’s] cost base in response to the business impact resulting from the COVID-19 pandemic."
Holiday Retail Sales Forecast to Rise 1% to 1.5%
High unemployment and economic anxiety will weigh on consumers, keeping sales well below last year's 4.1% gain, Deloitte says.
Smithfield Fined for Failing to Protect Workers from COVID-19
Nearly 1,300 Smithfield workers contracted coronavirus, and four employees died from the virus in the spring.
Unsettled Markets: The Quiz
Uncertainty creates a lot of market volatility. How closely have you been following the 2020 fluctuations?
Reshaping the CFO Role
The pandemic has chief financial officers once again playing an ever-increasing strategic role in forward-thinking organizations.
Discount Legend Century 21 Files for Chapter 11
The company says its insurers “turned their backs on us" as it tried to recover from store closures due to the COVID-19 pandemic.
Business Interruption: Insurers Balk at Paying Claims
Business interruption insurance has offered little protection from the large losses caused by COVID-19 government shutdowns.