Capital Allocation: How to Emerge From the Pandemic In a Stronger Position
CFOs have to balance unforeseen COVID-driven capital issues with the need for investment that drives long-term value creation.
Ruby Tuesday Files for Chapter 11
The company will permanently close 185 restaurants that had shut down during the coronavirus pandemic.
Health Benefit Costs Seen Rising 8.1% in 2021
The coronavirus had "a major impact" on slowing medical cost growth this year but the trend "is expected to be short-lived," a survey finds.
Rolls-Royce to Raise $6.5B to Ease Cash Crunch
The U.K. engineering company “has been driven to the fundraising by the worst crisis to hit the aviation industry."
Banks Wary of Fed’s Main Street Loan Program
Loan officers cited the financial condition of borrowers and overly restrictive terms for not approving loans under the key pandemic relief plan.
Biotech Exec Charged With COVID Test Fraud
The SEC says Arrayit President Mark Schena falsely claimed the company had developed a test and it was awaiting emergency FDA approval.
Costco Posts 11.4% Same-Store Sales Increase
The big-box retailer continued to benefit from shoppers stocking up on everything from food to patio furniture.
Digitally Innovate to Create Real Value
Digital business models can often act as an insurance policy for a business when it enters challenging periods.
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.
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.
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.