J. Crew filed for Chapter 11 bankruptcy on Monday. The company said it had reached an agreement with its lenders to convert about $1.65 billion of its debt into equity. As of February, it had nearly $1.7 billion in debt. In the early 2000s, sales were booming at …
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Exxon (XOM) reported a first-quarter loss of $610 million compared with earnings of $2.4 billion last year. First-quarter earnings included $2.9 billion in noncash charges, largely from inventory valuation effects, but also asset impairment charges. Operating …
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General Electric Co.’s GE, -3.72% Aviation business unit said Monday it is planning “permanent” job cuts that will bring its total workforce reductions to 25% in 2020. GE’s stock fell 3.9% in morning trading. GE Aviation said the cuts come as global commercial …
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DEAR TRAVEL TROUBLESHOOTER: My husband and I have a COVID-19 refund situation different from those you have featured that we hope you can address. We must cancel an Airbnb reservation in London due to the coronavirus. It meets the newly …
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The Bronco may not be Ford’s only historic nameplate getting a reboot next year. Along with the off-road SUV, the automaker is planning to introduce a pickup truck smaller than the Ranger that may be called the Maverick, according to a new report.
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