Author: Irina Slav

J. Crew files for bankruptcy

J. Crew has become the first national retail chain to file for bankruptcy amid the coronavirus pandemic. Anne D’Innocenzio reported the news for the AP: Struggling fashion brand J.Crew has filed for bankruptcy protection,...

Talking Biz News Today — May 4, 2020

Some of Monday’s top business news stories: Associated Press Battered global tourism industry makes reopening plans, by Dee-Ann Durbin Solar, wind energy struggle as coronavirus takes toll, by Cathy Bussewitz, John Flesher, Patrick Whittle...

Berkshire Hathaway exits airlines

Warren Buffett’s Berkshire Hathaway has sold all its holdings in four U.S. airlines with Buffett himself citing the high degree of uncertainty about the future of the industry. Thomas Franck and Leslie Josephs from...

Ford plans to reopen factories

Ford is preparing to reopen its closed factories next month with strict health checks. CNBC’s Michael Wayland reported the news: Ford Motor expects to begin calling back salaried employees who have been working remotely...

Talking Biz News Today — May 1, 2020

Some of Friday’s top business news stories: Associated Press 30 million have sought US unemployment aid since virus hit, by Christopher Rugaber Apple pinched by pandemic; profit, iPhone sales decline, by Michael Liedtke CNN...

Talking Biz News Today — April 30, 2020

Some of Thursday’s top business news stories: Associated Press Fed signals it will likely hold rates near zero for months, by Christopher Rugaber Pandemic brings fortunes to Amazon – and headaches too, by Anne...

Tesla surprises market with Q1 profit

As the auto industry reels from the blow it suffered from the Covid-19 pandemic, Tesla reported a profit for the first quarter. Lauren Feiner and Lora Kolodny reported the news for CNBC: Tesla shares...

Talking Biz News Today — April 29, 2020

Some of Wednesday’s top business news stories: Associated Press Daimler: Shift to electric cars non-negotiable despite virus Federal Reserve likely to pledge support for ailing economy, by Christopher Rugaber CNN White House economist: Unemployment...

Ford warns of $5-bln loss for Q2

Ford has warned it will book a loss of $5 billion for the current quarter because of the coronavirus crisis. Ben Klayman and Nick Carey reported the news for Reuters: Ford Motor Co (F.N)...