Neiman Marcus to file for bankruptcy as soon as this week: sources
(Reuters) - Neiman Marcus Group is preparing to seek bankruptcy protection as soon as this week, becoming the first major U.S. department store operator to succumb to the economic fallout from the coronavirus outbreak, people familiar with the matter said.
(Reuters) - Neiman Marcus Group is preparing to seek bankruptcy protection as soon as this week, becoming the first major U.S. department store operator to succumb to the economic fallout from the coronavirus outbreak, people familiar with the matter said.
Walmart requiring employees to wear face masks
Walmart is also encouraging customers to wear face masks while stopping in their stores.
Walmart is also encouraging customers to wear face masks while stopping in their stores.
Stocks rise as Trump prepares reopening of America details
Stocks erased losses as investors focus on economic restart.
Stocks erased losses as investors focus on economic restart.
Forgivable coronavirus loans offered to Virginia small businesses by nonprofit startup
VA 30 Day Fund offers local small businesses in Virginia up to $3,000 in forgivable loans amid COVID-19.
VA 30 Day Fund offers local small businesses in Virginia up to $3,000 in forgivable loans amid COVID-19.
Stocks slide as coronavirus slams US economy with historic declines in retail sales, manufacturing
The Dow Jones Industrial Average plunged as many as 716 points, or 2.99 percent, while the S&P 500 and Nasdaq Composite fell 2.97 percent and 2.43 percent, respectively.
The Dow Jones Industrial Average plunged as many as 716 points, or 2.99 percent, while the S&P 500 and Nasdaq Composite fell 2.97 percent and 2.43 percent, respectively.
Commerce locks up and retail sales plunge unprecedented 8.7%
U.S. retail sales plummeted 8.7% in March, a record drop as the viral outbreak closed down thousands of stores and shoppers stayed home.
U.S. retail sales plummeted 8.7% in March, a record drop as the viral outbreak closed down thousands of stores and shoppers stayed home.
State Farm, Progressive to return up to $2 billion to policyholders amid coronavirus pandemic
On average, State Farm says auto customers can expect to receive a credit of about 25 percent of premium for the time period March 20 through May 31.
On average, State Farm says auto customers can expect to receive a credit of about 25 percent of premium for the time period March 20 through May 31.
Stocks surge on Fed's $2.3T stimulus
The Fed's initiative undergirds government efforts to combat fallout from the economic shutdown imposed to curb the spread of the COVID-19 pandemic.
The Fed's initiative undergirds government efforts to combat fallout from the economic shutdown imposed to curb the spread of the COVID-19 pandemic.
S&P 500 joins Dow in exiting bear market as Sanders suspends presidential campaign
The gains have lifted the S&P 500 out of its bear market, which would officially end with the index closing above 2,684.88.
The gains have lifted the S&P 500 out of its bear market, which would officially end with the index closing above 2,684.88.
Lowe's closing all locations in North America for Easter Sunday
Lowe's says it is closing all of its locations in North America for Easter Sunday.
Lowe's says it is closing all of its locations in North America for Easter Sunday.
Allstate to return more than $600 million to customers amid coronavirus pandemic
Allstate said that on average, personal auto insurance customers will reportedly receive 15 percent money back based on their monthly premium in April and May.
Allstate said that on average, personal auto insurance customers will reportedly receive 15 percent money back based on their monthly premium in April and May.
Many concerned about paying bills during COVID-19 pandemic
April 1st is here and for most, the first of the month means the mortgage and rent are due now.
April 1st is here and for most, the first of the month means the mortgage and rent are due now.
Stocks stumble as US coronavirus cases top 200,000
The Dow Jones Industrial Average plunged 877 points, or 4 percent, in the opening minutes of trading while the S&P 500 and Nasdaq Composite fell 3.7 percent and 3.08 percent, respectively.
The Dow Jones Industrial Average plunged 877 points, or 4 percent, in the opening minutes of trading while the S&P 500 and Nasdaq Composite fell 3.7 percent and 3.08 percent, respectively.
Airbnb apologizes to hosts for coronavirus cancellation policies, will pay out $250 million
Nothing says "I'm sorry" like $250 million.
Nothing says "I'm sorry" like $250 million.
T-Mobile-Sprint merger completed, creating new wireless giant
The Federal Communications Commission and the Department of Justice approved the deal last year.
The Federal Communications Commission and the Department of Justice approved the deal last year.
Coronavirus stimulus cash: Don’t wait for your check in the mail
The IRS released new guidance that includes a way to potentially get your money faster.
The IRS released new guidance that includes a way to potentially get your money faster.
Columbia Sportswear CEO reportedly cuts his own salary to pay employees amid COVID-19 closures
Tim Boyle, the president and CEO of Columbia Sportswear Company, cut his own pay to $10,000 a year while several company executives took voluntary 15-percent pay reductions.
Tim Boyle, the president and CEO of Columbia Sportswear Company, cut his own pay to $10,000 a year while several company executives took voluntary 15-percent pay reductions.
Stocks jump building on best week since 1938
Monday’s advance comes after President Trump on Sunday evening announced the extension of social distancing guidelines through at least April 30.
Monday’s advance comes after President Trump on Sunday evening announced the extension of social distancing guidelines through at least April 30.
Texas company looking to dock stimulus money from paychecks, relieve their payroll: report
An unnamed company in Texas appears to be looking to use the stimulus to relieve their payroll strain.
An unnamed company in Texas appears to be looking to use the stimulus to relieve their payroll strain.
Maryland company makes masks for health care professionals during COVID-19 pandemic
A Maryland business has created a usable medical gown and face masks that can be used by health professionals during the COVID-19 pandemic.
A Maryland business has created a usable medical gown and face masks that can be used by health professionals during the COVID-19 pandemic.