United Confronts Corona With $1B Stock Sale
The secondary offering “is a highly unusual move for an established company that is losing buckets of money and reporting steep declines in its revenue."
Special Report: Fixing Some Holes
Reforms to insider trading law could provide clarity, but they could also lead to more aggressive prosecutions.
Redefining ‘Extraordinary Circumstances’ in the Wake of COVID-19
For the “second phase” of the response to the pandemic, the question is whether business and financial counterparties will equally share the risk of loss.
SunPower Idles Production as Virus Hits Demand
The company is taking steps to address the impact of the COVID-19 pandemic and "position itself well for when the solar industry returns to strong growth.”
GoPro to Lay Off 20% of Employees, Shift to Direct Sales
The adventure camera company wants to cut out retailers as revenue drops from the impact of COVID-19.
CFO Optimism Drops to 12-Year Low
“CFOs are fighting their own war for the survival of their companies.”
6.6 Million Americans File Unemployment Claims
An estimated one-in-ten Americans are out of work as fears of a deep recession loom.
Starbucks Shares Fall as Q2 Earnings Halve Amid Pandemic
The coffee giant also withdrew its outlook for fiscal 2020.
McDonald’s Pulls Outlook as Sales Plummet
The company raised $6.5 billion in the quarter and has suspended share buybacks.
Mortgage Forbearance Requests Skyrocket as COVID-19 Halts Economy
A coalition of mortgage servicers say a liquidity facility is needed to support the market.
Macy’s CFO Paula Price to Step Down
Price’s departure comes amid a massive retail shutdown that forced the company to close stores, furlough employees, and temporarily cut executive pay.