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Judge approves Chapter 11 bankruptcy plan for Belk chain

CHARLOTTE, N.C. (AP) — A judge approved Chapter 11 bankruptcy plans for North Carolina-based Belk on Wednesday, creating a new infusion of capital and cutting the debt load for the beleaguered departm...

AP promotes Daisy Veerasingham to COO

NEW YORK (AP) — The Associated Press on Wednesday named Daisy Veerasingham as its executive vice president and chief operating officer. The new role, effective immediately, gives her...

Department store chain Belk filing for Chapter 11 bankruptcy

CHARLOTTE, N.C. (AP) — Belk, the North Carolina-based department store chain which has catered to generations of shoppers for nearly 190 years, announced Tuesday that it will file for Chapter 11 bankr...

European Central Bank faces gloomier picture for economy

FRANKFURT, Germany (AP) — The European Central Bank is looking at a darkening picture for the economy as infections and deaths surge. With more than a trillion euros of pandemic stimulus still in the...

Johnson under fire as UK again faces onslaught of COVID-19

LONDON (AP) — The crisis facing Britain this winter is depressingly familiar: Stay-at-home orders and empty streets. Hospitals overflowing. A daily toll of many hundreds of coronavirus deaths. ...

Southwest pulls threat of furloughs after relief bill signed

DALLAS (AP) — Southwest Airlines is lifting the threat of furloughs or pay cuts for thousands of workers now that U.S. airlines will get up to $15 billion more in taxpayer aid contained in the coronav...

Some businesses thrived, many lagged during pandemic in 2020

By March 23, Apple had lost $435 billion in market value in about five weeks and many of its retail outlets were shut as the virus pandemic walloped the global economy and stock markets. Meanwhile, a ...

U.S. slightly upgrades GDP estimate for Q3 to 33.4% growth

WASHINGTON (AP) — The U.S. economy expanded at a 33.4% annual pace from July through September, the Commerce Department said Tuesday, delivering the last of three estimates on the economy’s third-quar...

From restaurants to retailers, virus transformed economies

NEW YORK (AP) — It would be just a temporary precaution. When the viral pandemic erupted in March, employees of the small insurance firm Thimble fled their Manhattan offices. CEO Jay...

Number of furloughed workers in Taiwan falls to 6,000

TAIPEI (Taiwan News) — The number of furloughed workers in Taiwan has dropped to a new eight-month low, with only about 6,000 Taiwanese still taking unpaid leave due to the economic impact of th...

Southwest warns nearly 7,000 workers of possible furloughs

DALLAS (AP) — Southwest Airlines warned nearly 7,000 workers on Thursday that they could lose their jobs unless labor unions accept concessions to help the airline cope with a sharp drop in travel cau...

American, Southwest join rivals in reporting big 3Q losses

DALLAS (AP) — Airlines are continuing to pile up billions of dollars in losses as the pandemic causes a massive drop in air travel. American Airlines said Thursday that it lost $2.4 ...

Northern England mayors slam UK government's support package

LONDON (AP) — Mayors representing big cities in northern England have slammed the British government's latest wage support package for employees in businesses that may be ordered to close as part of e...

Number of furloughed workers in Taiwan edges up

TAIPEI (Taiwan News) — The number of furloughed workers in Taiwan has increased slightly over the past seven days due mainly to border restrictions put in place by governments around the world i...

NY Sports Club latest chain to seek bankruptcy protection

The company that runs New York Sports Club and Lucille Roberts gyms filed for bankruptcy protection with COVID-19, still prevalent in man parts of the U.S., gutting membership rolls at fitness compani...