Year: 2020

A Chicago restaurant’s demise illustrates a growing challenge facing U.S. eateries, as government aid runs out and breaks from landlords and suppliers come due at the same time coronavirus cases are rising sharply.

Groups of activists and unionized workers across the country participated in a walkout calling for an end to racism and for more corporate and government support of Black workers.

IBM’s second-quarter revenue fell 5.4% as the coronavirus roiled many of its corporate customers, although cloud-computing revenue rose 30%.

Chevron agreed to buy Noble Energy, in what would be the largest oil-patch tie-up since the coronavirus pandemic delivered a shock to the industry.

The company’s strategy of connecting stories across movies, toys, theme parks and TV has made Disney especially vulnerable to the disruptions of the pandemic. Executives are scrambling to address what is looking to be a prolonged crisis, forcing a realignment of priorities.  

Walmart has relaunched the planned sale of a majority stake in its U.K. grocery-store chain Asda after putting the process on hold in April.

EBay is in advanced talks to sell its classified-ads business to Norway’s Adevinta, according to people familiar with the matter, as the online auction pioneer seeks to refocus on its core marketplace business.

Coronavirus, anger over policing and strained budgets pack a triple punch in cities like New York, Los Angeles and Boston. But don’t count cities out, urban experts say. The road to recovery must address longstanding problems, such as housing affordability.