In early April, three weeks after Connecticut issued shutdown orders, Ken Bodenstein borrowed $148,000 from the federal government to help cover payroll expenses at the Westport day care center he runs with his wife, Kristen. The small-business loan, …
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Katherine Doherty, distressed reporter for Bloomberg, on busted retailers using bankruptcy to break leases by the thousands. Hosted by Paul
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… increased the operating profit of its industrial business, helped by an accounting gain and savings to deal with the coronavirus pandemic downturn.
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Hilton Worldwide Holdings pressed on with developing new hotels despite heavy losses last quarter. The hotel giant opened 60 hotels with 6,800 new rooms last quarter despite reporting a net loss of $432 million in the second quarter. That’s down almost 66 …
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The proppsal would require rule making by the SEC, which ultimately oversees the accounting quality of companies whose shares are traded in the U.S..
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