Archive for May 2020

J.C. Penney has filed for bankruptcy. The legacy retailer addresses phased store closures, the potential exploration of a third-party sale process and more. Read More

Small business owners say the loans don’t help with a key escalating expense. Read More

Major employers such as Wayfair, Google and Raytheon have pledged to keep their employees working remotely. Massachusetts Gov. Charlie Baker is urging other employers to do the same. Read More

Workable, the Boston-based startup that develops talent acquisition software, has laid off 25 employees—9 percent of its workforce—as a result of the coronavirus, a company spokesperson confirmed to @Bostinno Read More

Mass General Brigham expects to lose $400M per month due to the coronavirus shutdown. The health network’s CFO said even in the first quarter, which included just the start of the pandemic, the system suffered a massive operating loss. It expects to lose $400 million a month for the coming quarter. Read More

Form D Friday is a Boston Business Journal feature highlighting regulatory filings from Boston-area companies raising capital for new projects or expanding their businesses. Read More

The company is exposed to workers compensation and event cancellation claims because of Covid-19, but does not foresee material losses on a type of coverage on the minds of many business owners: business interruption. Read More

A random sampling of Boston residents tested for coronavirus has shown that approximately 10% of those tested were exposed to the coronavirus, and 2.6% were asymptomatic and currently positive for the illness. Read More

Boston-based DraftKings Inc. is betting on new product offerings to keep customers engaged as the drought of live sports events is hurts its core betting business. Read More