• To ease coronavirus concerns, McDonald’s suggests closing public soda fountains and issues cleaning instructions. “We only get one chance to do this the right way.” Link
    WSJ Business News Thu 14 May 2020 20:14

    McDonald’s Corp. is asking restaurant owners in the U.S. to make dozens of changes to ease coronavirus concerns before reopening their dining rooms, including commitments to clean bathrooms every half-hour and digital kiosks after each order.

    The world’s largest fast-food company by sales is also asking its hundreds of U.S. franchisees to enforce social distancing in its restaurants, and either close their public soda fountains or deploy a staff member to monitor them, according to a 59-page dine-in reopening guide viewed...

  • ‘If this isn’t the retail apocalypse I don’t know what would be.’ Thousands of stores will close as the coronavirus turbocharges a shift to e-commerce. Link
    WSJ Business News Thu 14 May 2020 19:44

    Amazon.com hurt many retailers. Coronavirus will finish some of them off.

    Even as malls and stores begin to reopen, the Covid-19 pandemic has taken a toll on an industry already battered by the shift to online shopping. More than two million retail jobs disappeared in April as many stores closed. The damage will be clear Friday when the U.S. government reports what is expected to be one of the worst months for retailers since World War II.

    ...
  • Delta Air Lines said it would remove its 18 Boeing 777 widebody aircraft from its fleet by the end of the year as it tries to cut costs amid the coronavirus pandemic Link
    WSJ Business News Thu 14 May 2020 19:14

    Delta Air Lines Inc. said it would remove Boeing Co. 777 aircraft from its fleet by the end of the year, a sign the airline believes international travel will recover slowly from the coronavirus pandemic.

    Retiring the fleet will help “stop the bleeding” as the airline looks to conserve cash, Chief Executive Ed Bastian wrote in a letter to employees on Thursday. Delta is burning $50 million a day, Mr. Bastian said, a rate the airline wants to reduce to zero by the end of the year.

    ...
  • “Brave New World,” starring Demi Moore, is set to be available on Peacock July 15, but other original series’ launch dates are uncertain Link
    WSJ Business News Thu 14 May 2020 18:44

    Comcast Corp.’s NBCUniversal said some original shows would be ready for the July launch of its streaming service, Peacock, although the status of some series anticipated for the platform remains uncertain because of production delays caused by the pandemic.

    “Brave New World”—the series Peacock touted early on that is based on the Aldous Huxley novel and stars Demi Moore—will air July 15, when the streaming service is available across the U.S., the company said Thursday.

    ...
  • Ford’s shares are down sharply this year. Executives tried to reassure investors Thursday the auto maker’s plan to revive the share price is on track. Link
    WSJ Business News Thu 14 May 2020 18:14

    Ford Motor Co. executives tried to reassure investors Thursday the auto maker was on track with a plan to lift its beaten-down stock price, as a halting restructuring effort that began nearly two years ago has been complicated by the Covid-19 pandemic.

    Executives told investors during a webcast of its annual meeting that 2019’s results fell short of goals, in part because of unexpectedly high warranty costs and a troubled rollout of a redesigned Explorer sport-utility vehicle.

    ...
  • David Calhoun’s comment that a major U.S. airline might go out of business upset some of the plane maker’s top customers Link
    WSJ Business News Thu 14 May 2020 17:44

    Boeing Co. Chief Executive David Calhoun’s prediction of a major U.S. airline’s demise has prompted complaints from some of the plane maker’s biggest customers as they grapple with fallout from the coronavirus pandemic, people familiar with the matter said.

    American Airlines Group Inc. CEO Doug Parker called the Boeing chief this week to express surprise and disappointment after Mr. Calhoun told a television interviewer that a major U.S. airline would most likely go out of business by this fall, one of these people said.

    ...
  • Coronavirus concerns lead companies to repurpose sensors that monitor office space, but privacy experts worry about mission creep Link
    WSJ Business News Thu 14 May 2020 15:24

    Cybersecurity firm Rapid7 Inc. last year installed tiny cameras around its Austin, Texas, office to track how its staff used the space. Now it’s using those same cameras to keep workers apart.

    People-counting cameras, also known as artificial-intelligence-powered sensors, have become a niche tool in recent years to help companies better use their office space, and in some cases trim real-estate costs. They are now being repurposed to meet a surge in demand from employers eager to comply with government guidelines on social...

  • RT @marcelolprince: “If this isn’t the retail apocalypse I don’t know what would be.” Coronavirus is finishing the retail reckoning that Am…
    WSJ Business News Thu 14 May 2020 13:14
  • As rules change, some small-business owners worry about keeping SBA loans made to help them stay afloat during the coronavirus pandemic Link
    WSJ Business News Tue 12 May 2020 13:37

    On-the-fly rule changes are bedeviling small-business owners who got government-backed loans meant to keep them afloat during the coronavirus shutdown.

    Around three-quarters of the $670 billion loan program has been allotted, and some business owners approved for loans are wading through a thicket of rule changes to determine whether they still qualify.

    The...

  • RT @marcelolprince: Neiman Marcus has filed for bankruptcy. Yes, coronavirus hurt. But so did $5 billion in debt from a leveraged buyout. "…
    WSJ Business News Thu 07 May 2020 14:52
  • Clothing manufacturers in Asia find few options in battling fashion companies making last-minute purchase changes because of falling sales due to the coronavirus pandemic. Link
    WSJ Business News Wed 06 May 2020 00:05

    A Bangladeshi manufacturer expected to be paid shortly after it shipped in February more than $400,000 of jeans to Los Angeles to fulfil an order by a western apparel company.

    Nearly three months later, the clothes maker still hasn’t received its money and doesn’t know where the jeans are. The company’s owner expected payment shortly after shipping, in line with what he said was the companies’ usual arrangement.

    Buying...

  • RT @marcelolprince: While many stores are closed, Amazon is so busy it's cancelling Mother's Day deals and changing its website so shoppers…
    WSJ Business News Thu 16 Apr 2020 15:46
  • .@WSJ scoop: Verizon to buy Zoom video rival BlueJeans for less than $500M. @bysarahkrouse Link
    WSJ Business News Thu 16 Apr 2020 13:06

    Verizon Communications Inc. has agreed to buy videoconferencing company Blue Jeans Network Inc., according to people familiar with the matter, as an unprecedented number of people work remotely because of the coronavirus pandemic.

    The carrier will pay less than $500 million for the Zoom Video Communications Inc. rival, a person familiar with the terms said. The deal is part of an effort to bolster Verizon’s business group as the carrier rolls out faster 5G networks and pitches new applications of wireless technology to its...

  • RT @marcelolprince: A movie theater in Pennsylvania. A preschool in Nevada. A tech startup in Seattle. A pet daycare center in Austin. None…
    WSJ Business News Wed 15 Apr 2020 20:46
  • J.C. Penney just skipped a $12 million interest payment, starting the clock on a potential bankruptcy filing. Link
    WSJ Business News Wed 15 Apr 2020 20:36

    J.C. Penney Co. said it skipped a $12 million interest payment owed to bondholders, one of the first major retailers to buckle under the strains of the coronavirus pandemic.

    With its stores shut, J.C. Penney said Wednesday in a securities filing that it skipped the payment to evaluate strategic alternatives. Other struggling chains, including Neiman Marcus Group Inc. and J.Crew Group Inc., also have been in negotiations with creditors this month, according to people familiar with the matter.

    ...
  • RT @marcelolprince: The Ruth's Chris steakhouse chain received $20,000,000 in forgivable loans to keep people on the payroll. The average l…
    WSJ Business News Tue 14 Apr 2020 22:40
  • RT @bysarahkrouse: Large U.S. cities are trying to make more of what they know about the coronavirus's spread and social distancing complia…
    WSJ Business News Tue 14 Apr 2020 16:04
  • RT @marcelolprince: 295 U.S. companies have pulled their financial targets. 103 have halted buybacks. 100 have cut jobs. This @WSJ graphic…
    WSJ Business News Mon 13 Apr 2020 13:23
  • RT @david_marcelis: How weird are things lately? The Twitter account of Steak-umm, a maker of thin-sliced frozen beef, is heralded as a sou…
    WSJ Business News Tue 07 Apr 2020 23:27
  • RT @marcelolprince: 25 @WSJ reporters talked with 25 CEOs about how coronavirus upended America. “It’s coming at us so fast.” This is the s…
    WSJ Business News Sat 04 Apr 2020 13:29
  • RT @david_marcelis: Whoopi Goldberg found out on the air she still had a night wrap on her head; Savannah Guthrie tells @JBFlint she’s only…
    WSJ Business News Tue 31 Mar 2020 15:20
  • RT @bysarahkrouse: The U.S. 911 system isn’t wired for a nationwide emergency like the coronavirus pandemic Link
    WSJ Business News Mon 30 Mar 2020 22:55

    Public-safety call centers are confronting an unexpected 911 emergency: keeping the people who answer the phone healthy.

    As the new coronavirus spreads in communities across the U.S., 911 call centers are grappling with how to ensure their dispatchers don’t get infected—and what to do if they run short on workers trained to field emergency calls.

    When...

  • RT @marcelolprince: The coronavirus outbreak has created a cash crunch at Delta, Ford and Chevron. Not Apple. It has enough savings to run…
    WSJ Business News Wed 25 Mar 2020 16:49
  • RT @david_marcelis: Encouraging people to eat cheese dip with their fingers or suggesting they bond in crowded bars isn’t the best guidance…
    WSJ Business News Mon 23 Mar 2020 13:57
  • RT @marcelolprince: Mapping the coronavirus chain reaction: How the troubles of one Georgia restaurant ripple through the U.S. economy -- f…
    WSJ Business News Sat 21 Mar 2020 14:10
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