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."
‘High Potentials’ Are Not Putting Career Plans On Hold
In the current climate, CFOs are at risk of losing their most senior direct reports.
Top CEOs Urge Congress to Save Small Firms
More than 100 executives said small businesses need "much more significant and sustained support" than the PPP to weather the COVID-19 pandemic.
Cinema Chain Merger Heads for Court Fight
Cineplex accuses Cineworld of "buyer's remorse" and seeking to avoid its obligations under the merger agreement because of the COVID-19 pandemic.
Five Accounting and Reporting Considerations Before Reopening
Companies must now adjust to a yet-evolving new normal.
Libbey Files Chapter 11 Amid ‘Dramatic’ Slump
The impact of COVID-19 on "demand for our products and on our business is truly unprecedented in Libbey's more than 200-year history."
The Health Care Backlog Is a $52B Problem
The backlog in unaddressed care will cause a surge in demand that will hit the health care system quickly and inefficiently.
Deere Shares Drop Despite Q2 Earnings Beat
The company's farm equipment sales held up better than construction equipment amid the coronavirus pandemic.
Insurers Balk at Pandemic Coverage Proposal
Industry groups are "opposing any legislation that requires them to bear the risk of business-interruption losses from pandemics.”
Neiman Marcus Takes ‘Stunning Fall’ to Chapter 11
The luxury retailer "had been struggling with competition from online rivals and dwindling cash" before the coronavirus forced it to close its stores.