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Disney takes US$1.4B hit from coronavirus as parks, theatres close

作者:admin 2020-05-19

Walt Disney Co estimated on Tuesday that global measures to contain the coronavirus pandemic cut profits by $1.4 billion, mostly from its shuttered theme parks, but said it would reopen Shanghai Disneyland to a reduced number of visitors next week.It 阅读全文

Tesla sues California county in virus factory closure fight, threatens to leave

作者:admin 2020-05-19

Tesla Inc sued local authorities in California on Saturday as the electric carmaker pushed to re-open its factory there and Chief Executive Elon Musk threatened to move Tesla’s headquarters and future programs from the state to Texas or Nevada. 阅读全文

Airbnb cuts 1,900 jobs as coronavirus hits home rentals

作者:admin 2020-05-19

Airbnb Inc is laying off 25% of its workforce, or nearly 1,900 employees, the home rental startup said on Tuesday, as the COVID-19 pandemic brings global travel to a near standstill. “Airbnb’s business has been hit hard, with revenue this 阅读全文

Still hiring! Walmart, other superstores buck U.S. employment trend

作者:admin 2020-05-19

WASHINGTON — Amid the carnage of the U.S. employment report for April was one bright spot: superstores led by Walmart Inc, the world’s largest retailer, added more than 90,000 jobs.Overall, roughly 20.5 million people lost their jobs in A 阅读全文

36% of were Cdns struggling financially before COVID shutdown: Report

作者:admin 2020-05-19

While many are struggling financially in the face of the COVID-19 lockdown, recent data shows more than a third of Canadians were already buried in debt before the recession, Blacklock’s Reporter reports.In Canadians and their Money: Key Findin 阅读全文

J.C. Penney to file for bankruptcy as soon as next week: Sources

作者:admin 2020-05-19

J.C. Penney Co Inc is preparing to file for bankruptcy protection as soon as next week with plans to permanently close about a quarter of its roughly 850 stores, becoming the latest major U.S. retailer to succumb to fallout from the coronavirus outbr 阅读全文

Warren Buffett says coronavirus cannot stop America

作者:admin 2020-05-19

Billionaire investor Warren Buffett on Saturday said the United States’ capacity to withstand crises provides a silver lining as it combats the coronavirus, even as he acknowledged that the global pandemic could significantly damage the economy 阅读全文

Reitmans warns future at risk unless it can find new financing

作者:admin 2020-05-19

Apparel retailer Reitmans Ltd. said it is urgently seeking fresh money after existing bank facilities were terminated or reduced and the COVID-19 pandemic hurt business.“The company is actively seeking additional financing and is also exploring 阅读全文

Morneau names Tiff Macklem new Bank of Canada governor

作者:admin 2020-05-19

OTTAWA — Tiff Macklem, a former second-in-command at the Bank of Canada, is returning to the central bank to take over the top job at a moment that he says cries out for bold, unprecedented responses to the economic crisis fuelled by COVID-19.A 阅读全文

Cities ask Liberals for up to $15B to stave off COVID-19 budget crisis

作者:admin 2020-05-19

OTTAWA — Canada’s cities are on the brink of financial crisis due to the COVID-19 pandemic, a group of municipal leaders say — unless the federal government urgently provides billions of dollars in help.The hole in municipal budgets 阅读全文