Kohl's Corp said on Monday it would extend the duration of store closure, and fully draw down on its $1 billion revolving credit facility to control damages from the coronavirus pandemic.
Virgin Atlantic has asked the UK government for emergency financial help in addition to the coronavirus package made available to all British companies, said a source familiar with the situation.
The U.S. government has cut deals with Johnson & Johnson and Moderna Inc and said it is in talks with at least two other companies to expand manufacturing capacity within the United States for vaccines to prevent the new coronavirus even before safe and effective ones become available.
Oil major BP PLC will not cut jobs over the next three months, Chief Executive Officer Bernard Looney said, even as the company seeks to reduce spending following an oil price crash.
The head of the U.S. Securities and Exchange Commission said on Monday that it should not ban short-selling of shares, amid speculation on further measures the agency might take to arrest a market rout that stems from fears the coronavirus will spark a global recession.
American Express Co will avoid job cuts in 2020 as the credit card issuer "rides out the storm" brought on by the coronavirus pandemic, Chief Executive Officer Steve Squeri said in a video message to employees on LinkedIn.
JPMorgan Chase & Co's alternative investments unit is looking to raise up to $10 billion to boost its spending power in the face of the coronavirus pandemic, a source familiar with the matter said on Monday.
American Airlines Group Inc is in advanced talks to hire Guggenheim Securities co-chairman James Millstein for advice on tapping a $50 billion industry relief package available from the U.S. Treasury Department to cope with the coronavirus pandemic, people familiar with the matter said.
Retirees aren't the only ones who can skip a 2020 distribution from their 401(k) plans and IRAs. Heirs of retirement accounts can also waive the mandatory withdrawal.
Richard Branson's California-based rocket company Virgin Orbit partnered with medical researchers and developed a ventilator device.
The CARES Act signed into law Friday will throw small businesses a much-needed lifeline. But the message from Main Street is clear — the capital is needed now.
Although Congress has eliminated all costs for coronavirus testing and improved access to care, it's the price of treatment that could become the bigger concern.
The CARES Act passed by Congress and signed into law by President Trump last week has loosened restrictions on withdrawals from IRAs. Here's a look at what certified financial planner Joshua Brown is telling his clients about tapping IRAs in the age of coronavirus.
SEC Chairman Jay Clayton said Monday that the practice of short selling — effectively betting that a stock will drop — is need to "facilitate ordinary market trading."
While many Americans will benefit from expanded unemployment benefits in the new coronavirus relief law, some groups are left out.