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Despite record year in 2020, Sprouts will open fewer stores than expected in 2021

Sprouts Farmers Market Inc. put up record earnings numbers in 2020, despite the global pandemic that stalled the economy in most sectors. The Phoenix-based specialty grocer released its earnings for the fourth quarter and the full year of 2020 on.....»»

Category: topSource: bizjournalsFeb 26th, 2021

Coronavirus update: Global death hits 300,000; poll finds most Americans disapprove of Trump’s handling of crisis

The global death toll from the coronavirus that causes COVID-19 edged closer to 300,000 on Thursday, as a new poll found the majority of Americans disapprove of President Donald Trump’s handling of the pandemic......»»

Category: topSource: marketwatchMay 14th, 2020

Coronavirus update: Global death toll nears 300,000; Poll finds most Americans disapprove of President Trump’s handling of crisis

The global death toll from the coronavirus that causes COVID-19 edged closer to 300,000 on Thursday, as a new poll found the majority of Americans disapprove of President Donald Trump’s handling of the pandemic......»»

Category: topSource: marketwatchMay 14th, 2020

Airbnb is cutting 25% of staff amid global travel slump

Airbnb Inc. is cutting 25% of its workforce as the coronavirus pandemic continues to pummel the travel sector. About 1,900 Airbnb employees across the world will be affected, Chief Executive Officer... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMay 8th, 2020

Neiman Marcus goes bankrupt, idled by virus and crushed by debt

Neiman Marcus Group filed for bankruptcy after efforts to manage its crushing debt load unraveled amid the spreading coronavirus pandemic. The Chapter 11 filing in Texas gives the Dallas-based... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMay 8th, 2020

Private membership clubs still collecting dues, despite closures

If you ask multiple Soho House members how they feel about the club’s handling of the coronavirus pandemic, you’ll get a panoply of opinions. “Soho House thinks they can charge people memberships... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMay 2nd, 2020

First, the coronavirus pandemic took their jobs. Then, it wiped out their health insurance.

Shake Shack, the U.S.-based burger chain, will from the U.S. government, the company’s leaders said in a statement, amid widespread criticism over who got access to the More than a dozen publicly... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 21st, 2020

U.S."s Pompeo: Nations should rethink use of China"s Huawei amid coronavirus

U.S. Secretary of State Mike Pompeo on Friday said China's role in the global coronavirus pandemic is likely to force countries to rethink their telecommunications infrastructure, including the adoption of China-based Huawei's 5G networks......»»

Category: topSource: reutersApr 17th, 2020

Cathay Pacific to lay off overseas cabin crew, furlough pilots

Hong Kong's Cathay Pacific Airways Ltd will lay off 286 cabin crew based in the United States and furlough 201 pilots based in Australia and Britain, it said on Friday, as the coronavirus pandemic has virtually halted global travel......»»

Category: topSource: reutersApr 17th, 2020

5G phones key to chip market recovery

The coronavirus pandemic has had an adverse impact on the global IC market, particularly the smartphone segment, but sales of 5G smartphones will be key to the overall demand recovery in 2020, according to sources at Taiwan-based IC distributors......»»

Category: topSource: digitimesApr 16th, 2020

Stocks slump before foggy earnings season begins

U.S. stocks slumped before the start of one of the most uncertain earnings seasons on record as the coronavirus pandemic rattles the global economy. After its best week since 1974, the S&P 500 Index... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 15th, 2020

Sanofi CEO Talks Coronavirus Vaccine Development, Potential Treatment

France-based global drugmaker Sanofi SA (NYSE: SNY) is working on developing a coronavirus vaccine under the assumption the pandemic will resume "in some form" into 2021, CEO Paul Hudson said Wednesday in a read more.....»»

Category: blogSource: benzingaApr 8th, 2020

NC"s Cellex gets green light from FDA for first coronavirus antibody test in US

A life sciences company based in North Carolina has received the first approval from the U.S. Food and Drug Administration for an antibody test for COVID-19, another laurel for the Research Triangle's role in combatting the global pandemic. On Thursday.....»»

Category: topSource: bizjournalsApr 6th, 2020

Major Credit Agency Forecasts ‘Deep Global Recession’

Credit rating agency Fitch Ratings has updated its global economic forecast and now expects the coronavirus pandemic to cause a global recession this year as economic activity tumbles by nearly 2%......»»

Category: blogSource: 247wallstApr 3rd, 2020

Delta"s credit rating slashed to junk as coronavirus paralyzes the airline industry

Reuters S&P Global Ratings slashed Delta Air Lines' long-term rating to junk status Tuesday, citing weaker traffic due to the coronavirus pandemic.  "While the company is reducing its capacity and some .....»»

Category: topSource: businessinsiderMar 24th, 2020

Freeport-McMoRan cutting costs, slashing spending amid coronavirus

Phoenix-based mining giant Freeport-McMorRan Inc. on Monday announced measures to cut costs in response to global economic uncertainties brought on by the COVID-19 pandemic and a resulting plunge in copper prices. For starters, the company’s board of .....»»

Category: topSource: bizjournalsMar 23rd, 2020

U.S. to ban travel from Europe for 30 days due to coronavirus

Taking dramatic action, President Donald Trump sharply restricted passenger travel from 26 European nations to the U.S. and moved to ease the economic cost of a viral pandemic that is roiling global... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMar 14th, 2020

In battle against coronavirus, Trump restricts travel from Europe

Taking dramatic action, President Donald Trump sharply restricted passenger travel from 26 European nations to the U.S. and moved to ease the economic cost of a viral pandemic that is roiling global... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMar 14th, 2020

Gaps in health care make us all vulnerable

In n More generally, 70% of foodborne illness can be traced back to ill food service workers. While we don’t yet know much about the coronavirus that is threatening to become a global pandemic, we... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMar 14th, 2020

PRESENTING: How American businesses are handling production delays, heightened demand, and economic fallout amid the coronavirus pandemic

Courtesy of Wesley Kang The coronavirus outbreak has shut down factories and workplaces worldwide, impacting the global supply chain at every level. Businesses in .....»»

Category: topSource: businessinsiderMar 14th, 2020