AMC’s Cash Problem
AMC, the largest cinema chain in the U.S., warned investors on Tuesday is in danger of running out of cash by early 2021. Shares of the company tanked by 7.8% in early trading Tuesday. AMC’s […]
AMC Nears Financing Deal
AMC Entertainment shares jumped as much as 21% after the close of regular trading on Tuesday following a story in the WSJ that the movie theater company is nearing a deal to avoid near-term bankruptcy. […]
Boeing’s Massive Layoff Plan
Boeing told employees Wednesday that almost 7,000 of them will receive layoff notices this week. With more than 5,500 voluntary buyouts added in, the company will slash almost 12,300 U.S. jobs in this first batch […]
Facebook Making Shift Towards More Remote Workers
Mark Zuckerberg is shifting Facebook Inc. toward a substantially remote workforce over the next decade, permanently reconfiguring the tech giant’s operations around the dispersed structure that the coronavirus pandemic forced on it.
The plan, which the […]
Target Gains Strength During Coronavirus
Target Corp. said sales surged in the most recent quarter, driven initially by online shoppers who stockpiled food and other essentials to brace for coronavirus lockdowns and more recently by rising demand for items like […]
Walmart Sales Surge
Walmart emerged as one of the few lifelines to millions of people as the coronavirus spread, leading to surging profit and sales for the world’s largest retailer. Online sales in the U.S. jumped 74% for […]
Hackers and Coronavirus Research
Chinese hackers are targeting American universities, pharmaceutical and other health-care firms in a bid to steal intellectual property related to coronavirus treatments and vaccines and the intrusions may be jeopardizing progress on medical research, U.S. […]
Uber in Talks to Acquire Grubhub
Uber Technologies Inc. is seeking to acquire Grubhub Inc. in a deal that would unite two of the biggest players in the cutthroat meal-delivery business at a time when the coronavirus pandemic has sparked a […]
Neiman Marcus Files for Bankruptcy
In March 2019, the luxury retailer Neiman Marcus opened its first outpost in Manhattan. Spread over three floors and 188,000 square feet, the store was an anchor tenant of the gleaming Hudson Yards development and, […]
MGM Resorts Warns of Layoffs
The furloughs of almost 63,000 MGM Resorts International employees soon could turn into layoffs. A legal notice sent to many employees Tuesday, obtained by the Review-Journal, is another indication that Las Vegas resort operators are […]