Editor’s Picks

Shake Shack Decides To Give Back $10M PPP Loan

Shake Shack Decides To Give Back $10M PPP Loan
Shake Shack Decides To Give Back $10M PPP Loan
April 20, 2020  |  Loans

Shake Shack founder Danny Meyer and chief executive officer (CEO) Randy Garutti said on Monday (April 20) that they are returning the $10 million Paycheck...

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Wynn Resorts Pushes To Reopen Nevada Hotels, Vegas Strip
Wynn Resorts Pushes To Reopen Nevada Hotels, Vegas Strip
April 19, 2020  |  Economy

A Nevada CEO is gunning for the state to reopen in May, a bold undertaking he justifies by pointing to the crippling effect the virus...

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Groceries Need To Ban Customers To Protect Workers, Report Says
Groceries Need To Ban Customers To Protect Workers, Report Says
April 19, 2020  |  Economy

As grocery store workers fall ill due to irresponsible distancing in stores, experts think it might be time for big chains to go dark and...

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Mnuchin: Deal On New PPP Funding Near
Mnuchin: Deal On New PPP Funding Near
April 19, 2020  |  Economy

Treasury Secretary Steven Mnuchin, along with Democratic leaders, said they are close to closing a deal that would lend more money to small businesses struggling...

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Neiman Marcus Reportedly Working On Bankruptcy Plan
Neiman Marcus Reportedly Working On Bankruptcy Plan
April 19, 2020  |  Retail

The coronavirus has pushed Neiman Marcus to the point of bankruptcy, the first major store in the U.S. to topple due to the pandemic, according...

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24 Hour Fitness May File For Bankruptcy Amid Pandemic
24 Hour Fitness May File For Bankruptcy Amid Pandemic
April 19, 2020  |  Economy

Fitness chain 24 Hour Fitness is looking at a possible bankruptcy due to the coronavirus, as well as mounting debt concerns and the fact that...

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Chamber CEO Donohue Urges Congress To Pass More Stimulus Measures On Monday
Chamber CEO Donohue Urges Congress To Pass More Stimulus Measures On Monday
April 19, 2020  |  Loans

Tom Donohue, CEO of the U.S. Chamber of Commerce, is urging Congress to finish up a plan for the next round of stimulus spending by...

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Big Restaurant Chains Feast On Millions From PPP Program
Big Restaurant Chains Feast On Millions From PPP Program
April 19, 2020  |  Loans

The hospitality group behind Ruth’s Chris Steak House — operator or franchiser of 159 restaurants — showed a profit of $42 million on $468 million...

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