Retailers have furloughed nearly 1 million workers this week amid an unprecedented shutdown of shopping in America, according to data compiled by Bloomberg. Neiman Marcus Group to Ross Stores Inc.
Continue reading »Spain’s Deadly Day Signals No Letup in Europe Virus Lockdown
In this article Coronavirus deaths accelerated in France, Italy and Spain, suggesting governments have little leeway to end lockdowns in a human and economic crisis that is straining European unity.
Continue reading »US COVID-19 Death Toll Crosses 5000; Record 884 Deaths In 24 Hours
The death toll from the coronavirus pandemic in the United States crossed 5,000 on Wednesday, with 884 more deaths reporting in 24 hours. This is the biggest daily surge in
Continue reading »Boeing may be down. It's definitely not out
New York (CNN Business)Boeing is offering employees buyouts as its CEO said it will take years for the airlines and aerospace industry to recover from the coronavirus crisis. In a
Continue reading »Coronavirus continues to batter US economy with 6.65 million filing for unemployment last week
More than 6.65 million people filed for unemployment benefits in the US last week, the latest official figures to highlight the devastating economic impact of the Covid-19 pandemic on the
Continue reading »Attorneys General Ask Amazon, Facebook, Others To Do More To Stop Overcharging
Attorneys General of 33 states in the United States jointly issued a letter to major online platforms asking them to do more to stop price gouging during the coronavirus or
Continue reading »Paradigm Rocked With $2M Breach Of Contract Suit By Debbee Klein; Sam Gores Accused Of Using Agency As “Personal Piggy Bank”
BREAKING … Less than two weeks after Sam Gores dropped the hammer on scores of agents at Paradigm in what were termed temporary layoffs allegedly due to the asphyxiating effect
Continue reading »No April Fools! Quibi Threatened With Shutdown By Eko Days Before Jeffrey Katzenberg Mobile Service Starts
“Plaintiff JBF Interlude 2009 Ltd. – Israel seeks a preliminary injunction enjoining Defendant Quibi Holdings LLC from misappropriating Eko’s proprietary technology for mobile device optimized ‘Real Time Switching’” proclaims a
Continue reading »Next HQ and three warehouses up for sale in virus mitigation plan
Next is seeking buyers for its headquarters and three warehouses as it tries to raise tens of millions of pounds after the temporary closures of its stores and website. The
Continue reading »Can't pay your mortgage? Here are your options
Joseph E. Stiglitz is an American economist and a professor at Columbia University. A recipient of the Nobel Memorial Prize in Economic Sciences, he is a former senior vice president
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