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Genesis Healthcare names turnaround specialist as second CEO in 3 months
Struggling nursing home operator Genesis Healthcare has named a turnaround specialist and former hedge fund manager as its new CEO. Harry Wilson replaces Robert H. Fish, who will continue to serve on the company's board of directors. Fish had on.....»»
Economic Report: Stimulus checks spark 2.4% surge in consumer spending and boost economy in early 2021
Americans increased spending in January for the first time in three months after the government sent $600 stimulus checks to families and boosted unemployment benefits as part of effort to shore up the economy......»»
D.C. announces $11 million effort to improve unemployment system
The Department of Employment Services has been backlogged for months......»»
Former CPMC chief, Sutter exec Martin Brotman dies at 81
Dr. Martin Brotman, a longtime Bay Area health care executive who rescued CPMC in the mid-1990s and later led the effort to build its Van Ness campus, died Dec. 20. He was 81. No cause of death was given, but a release from his family Saturday .....»»
Capitol Report: Congressional leaders meet into the night in bid for coronavirus aid deal
Democratic and Republican leaders from both chambers of Congress met face-to-face Tuesday night in an effort to find a coronavirus economic aid deal that has eluded them for months......»»
Moderates pare back stimulus plan in hopes of breaking stalemate
The proposal unveiled Monday amounted to an effort to generate a deal before the holidays that all sides could embrace after months of stalled negotiations, but it also underscored how a final agreement is still far from certain......»»
NewsWatch: Dow marks sharpest intraday comeback in 2 months, partly powered by a rally in battered banks
The Dow staged the biggest turnaround in about two months on Thursday, as investors overlooked data that showed 2.9 million Americans lost jobs last week, bringing the total unemployed to about 36.5 million since COVID-19 pandemic began......»»
Were Hedge Funds Right About Canadian National Railway (CNI)?
Will the new coronavirus cause a recession in US in the next 6 months? On February 27th, we put the probability at 75% and we predicted that.....»»
Their Stories: Jazz guitar legend Bucky Pizzarelli dies at 94 after testing positive for coronavirusÂ
Pizzarelli served in the U.S. Army in Germany during the final months of World War II......»»
Report: J.C. Penney explores filing for bankruptcy as option for "unsustainable" finances
J.C. Penney Co. Inc. is exploring filing for bankruptcy after the COVID-19 pandemic upended its turnaround plans, according to a report in Reuters. The Plano-based retailer has enough cash to survive the coming months, sources told Reuters. But JCP.....»»
Report: J.C. Penney explores filing for bankruptcy as option for “unsustainable†finances
J.C. Penney Co. Inc. is exploring filing for bankruptcy after the COVID-19 pandemic upended its turnaround plans, according to a report in Reuters. The Plano-based retailer has enough cash to survive the coming months, sources told Reuters. But JCP.....»»
Chris Caddell, CEO of Heritage Bank, dies at 53
For the second time in five months, the well-known Caddell family of Northern Kentucky bankers has lost one of its own. Chris Caddell, chairman and CEO of Erlanger-based Heritage Bank, died from a rare degenerative brain disease on April 1, accord.....»»
The Wall Street Journal: 3M CEO says demand for N95 masks exceeds capacity as Trump invokes Defense Production Act
American manufacturers say it will be months before they meet demand for high-quality masks, part of a broader breakdown in the effort to supply enough protective gear and lifesaving equipment to fight the coronavirus pandemic......»»
Their Stories: Steven Dick: British diplomat in the prime of his career dies after contracting coronavirus
He’d become deputy head of mission at the U.K.’s embassy in Budapest just months ago......»»
Factories pivot to fight coronavirus, but challenges abound
Even though it may take time and a monumental effort to switch factories to medical products, that may have to be done if the virus outbreak lasts for several months or longer......»»
U.S. airlines, saying it will take a "long time" to recover, try to quickly reduce workforce
U.S. airlines are seeking to quickly reduce their workforces through early retirement packages or unpaid leave of up to 12 months with medical benefits in an effort to cut costs as the rapid spread of the coronavirus keeps people from flying......»»
People over 70 in the UK will be quarantined at home for 4 months in a "wartime" effort to tackle coronavirus
REUTERS/Simon Dawson/Pool People over 70 in the UK will be q.....»»
Bed Bath & Beyond to cut 500 jobs as it powers on with its turnaround effort
Photo by Chris Hondros/Getty Images Bed Bath & Beyond is cutting 500 jobs. There will be a "significant reduction" in management positions and .....»»
JC Penney Reveals NYSE Delisting Notice, Adds More Executives to Turnaround Effort
J.C. Penney has been notified that it is not in compliance with NYSE rules and may be delisted from the exchange. The company has also named six new executives to help it get back on track. Is there........»»
This Small Telecom Stock Is Aiming for a Big Turnaround in 2020
A cost-cutting effort is at the heart of Westell’s recoveryRelated Stocks: WSTL,.....»»