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Walt Disney Co. will kick off its strategy next week to begin restoring its lucrative parks business that has suffered $1 billion in lost profits from the coronavirus-led shutdown.

Venerable U.S. retailer Lord & Taylor plans to liquidate inventory in its 38 department stores once restrictions to curb the spread of coronavirus are lifted as it braces for a bankruptcy process from which it does not expect to emerge, people familiar with the matter said on Tuesday.

Airbnb Inc is laying off 25% of its workforce, or nearly 1,300 employees, the home rental startup said on Tuesday, as the COVID-19 pandemic brings global travel to a near standstill.

Beyond Meat Inc reported better-than-expected quarterly results on Tuesday as it sold more of its plant-based meat products and cut costs on packaging and labor, sending its shares up 3% after the bell.

U.S. airlines are collectively burning more than $10 billion in cash a month and averaging fewer than two dozen passengers per domestic flight because of the coronavirus pandemic, industry trade group Airlines for America said in prepared testimony seen by Reuters ahead of a U.S. Senate hearing on Wednesday.

Match Group Inc reported quarterly revenue that fell short of Wall Street estimates on Tuesday, hit by slowing growth in its popular dating app "Tinder" as fewer people signed up and paid for its premium features amid the COVID-19 pandemic.

Occidental Petroleum Corp on Tuesday reported that it swung to a loss in the first quarter on write downs, and the troubled oil producer cut its budget for the third time since March in response to the historic crash of oil prices.

Walt Disney Co estimated global coronavirus lockdowns cut profits by $1.4 billion, mostly from its shuttered theme parks, but said it would reopen Shanghai Disneyland next week.

Many Gen Z and millennial professionals have one question: Will I still have a job? Worrying about day-to-day expenses puts them at risk for financial burnout. And that could mean they neglect their long-term plans, particularly retirement savings.

Home rental startup Airbnb Inc is planning to lay off 1,900 employees due to the impact of the coronavirus pandemic, two sources familiar with the matter told Reuters.

The men are charged with fraudulently applying for more than $500,000 in assistance from the new CARES Act Payroll Protection Program, which is designed to help businesses affected by the coronavirus outbreak.

Medium  Craft Ventures | David Sacks | Apr 23, 2020 As the economic crisis deepens, capital efficiency becomes a more pressing issue for startups. Not only is it necessary to maximize runway, it also plays a larger role in how investors evaluate companies. While growth is always prized during good times or bad, investors increasingly

Digital | May 4, 2020 The revamp offers greater flexibility for curbside pick-up, contactless shopping when merchants reopen. Highlights Canada-based e-commerce giant Shopify has launched a new new POS system, bringing online and in-person sales together through improved omni-channel management. The relaunch offers added flexibility to retailers temporarily shuttered due to COVID-19. Increased options, such

Bank of Canada | Carolyn A. Wilkins talk at CD Howe Institute | May 4, 2020 It’s a pleasure to participate in the C.D. Howe webcast today. I wish the circumstances were better. So much has happened so quickly. In the early days of March—just eight weeks ago—Canada had fewer than 30 COVID-19 cases and

California's attorney general on Tuesday sued Uber Technologies Inc and Lyft Inc for classifying its drivers improperly as independent contractors instead of employees, evading workplace protections and withholding worker benefits.