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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.....»»

Category: topSource: bizjournalsMar 23rd, 2021

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......»»

Category: topSource: marketwatchFeb 26th, 2021

D.C. announces $11 million effort to improve unemployment system

The Department of Employment Services has been backlogged for months......»»

Category: topSource: washpostFeb 8th, 2021

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 .....»»

Category: topSource: bizjournalsDec 27th, 2020

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......»»

Category: topSource: marketwatchDec 15th, 2020

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......»»

Category: topSource: bizjournalsDec 14th, 2020

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......»»

Category: topSource: marketwatchMay 14th, 2020

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.....»»

Category: topSource: insidermonkeyMay 4th, 2020

Their Stories: Jazz guitar legend Bucky Pizzarelli dies at 94 after testing positive for coronavirus 

Pizzarelli served in the U.S. Army in Germany during the final months of World War II......»»

Category: topSource: marketwatchApr 27th, 2020

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.....»»

Category: topSource: bizjournalsApr 15th, 2020

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.....»»

Category: topSource: bizjournalsApr 14th, 2020

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.....»»

Category: topSource: bizjournalsApr 6th, 2020

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......»»

Category: topSource: marketwatchApr 3rd, 2020

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......»»

Category: topSource: marketwatchMar 27th, 2020

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......»»

Category: topSource: foxnewsMar 21st, 2020

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......»»

Category: topSource: reutersMar 17th, 2020

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.....»»

Category: topSource: businessinsiderMar 15th, 2020

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 .....»»

Category: topSource: businessinsiderFeb 28th, 2020

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........»»

Category: blogSource: 247wallstFeb 3rd, 2020

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,.....»»

Category: blogSource: gurufocusJan 7th, 2020