Facebook to Shift Permanently Toward More Remote Work After Coronavirus
The social-media giant plans to become a substantially remote workforce over the next decade, CEO Mark Zuckerberg said, as it moves to embrace the dispersed structure made necessary by the pandemic.
SelectQuote Jumps in Market Debut
SelectQuote's shares climbed nearly 36% in its first day of trading, in what is set to be the largest U.S. initial public offering since February, as the coronavirus pandemic continues to throw companies' plans to go public into disarray.
Murray Energy Faces Pivotal Month After Bankruptcy-Loan Default
The coal producer said it has defaulted on its $440 million bankruptcy financing package, setting up a pivotal month as it aims to leave chapter 11 amid a market downturn exacerbated by the coronavirus pandemic.
J.Crew Landlords Pursue Rent From Reopened Stores
Dozens of J.Crew's landlords, including some of the biggest mall owners in the country, are seeking rent payments from the retailer's stores as they reopen, according to court filings.
European Financial-Services Firms Detail Virus Hit: Earnings at a Glance
Earnings reports from European financial-services companies showed some faring well despite the Covid-19 pandemic, while others saw a marked drop in business.
Starbucks Pushes To-Go Sales as Dine-In Operations Remain Closed
Starbucks Corp. said it is speeding up plans to build stores with drive-throughs and will close locations in unpopulated malls as its dine-in service remains suspended due to the coronavirus pandemic.
Amazon Targets Fall for Prime Day as it Tries to Return to Pre-Pandemic Operations
Amazon.com is taking a number of steps to return to pre-pandemic business operations, including scheduling its annual Prime Day shopping promotion for the fall and allowing unlimited shipments of nonessential goods to warehouses.
Best Buy's Sales Slid 6% Amid Covid-19 Store Closures
Best Buy reported weaker sales and earnings for its latest quarter after closing stores to combat the spread of the coronavirus, but the retailer performed better than expected amid a jump in online orders.
Coronavirus Widens the Retail Divide: Macy's Sales Fall 45%, Best Buy Slips 6%
The coronavirus pandemic is widening the divide between retailers that are drawing shoppers and those who are losing business, accelerating a split that had been playing out before the health crisis forced some chains to temporarily close stores.
U.S. to Invest $1.2 Billion to Secure Potential Coronavirus Vaccine From AstraZeneca, Oxford University
The U.S. government has agreed to hand AstraZeneca up to $1.2 billion to secure the supply of a potential coronavirus vaccine that could be ready as early as October.
