J.Crew, which brought preppy style to malls across the U.S. in the 1990s before stumbling in recent years, became the first big retail chain to seek bankruptcy protection since the outbreak of the coronavirus pandemic.
General Electric is cutting roughly 13,000 jobs in its jet-engine business, expanding its planned cost-cutting efforts as the coronavirus pandemic cripples the aviation industry.
The meat processor expects continued challenges maintaining production for its current fiscal year amid outbreaks of Covid-19. The company reported a decline in quarterly profit.
WSJ News Exclusive
Before Covid-19 and the oil-price rout, most of the world’s biggest energy companies had planned to sell billions in assets to help pay down debt and maintain dividends. Now, those divestment programs are in jeopardy.