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Deloitte to shut four UK offices as COVID-19 entrenches remote working

Deloitte to shut four UK offices as COVID-19 entrenches remote working

Source: Reuters
Date of Publication: October 17th, 2020
Global accounting and consulting firm Deloitte will close four of its 50 British offices as it reviews its real estate portfolio in the coronavirus pandemic, but will retain the staff on work-from-home contracts, it said on Saturday.
Regal Movie Chain Will Close All 536 U.S. Theaters On Thursday

Regal Movie Chain Will Close All 536 U.S. Theaters On Thursday

By: Bill Chappell
Source: NPR
Date of Publication: October 5th, 2020
More than 7,000 movie screens will be dark in the U.S. this weekend as the Regal theater chain said it will shut down all 536 locations on Thursday.
New York's Roosevelt Hotel to close after nearly 100 years due to the coronavirus pandemic

New York's Roosevelt Hotel to close after nearly 100 years due to the coronavirus pandemic

By: Simret Akiliu
Source: CNN
Date of Publication: October 11th, 2020
But now, The Roosevelt Hotel will no longer bear witness to motion pictures or moments in history.
The hotel will permanently close its doors this year, a spokesperson told CNN in a statement.
The Roosevelt Hotel, owned by Pakistan International Airlines, cited the coronavirus pandemic and the ensuing drop in business as the principal reasons it will cease operations.
Cineworld brings down curtain on U.S., UK theaters; 45,000 jobs hit

Cineworld brings down curtain on U.S., UK theaters; 45,000 jobs hit

By: Muvija M, Yadarisa Shabong
Source: Reuters
Date of Publication: October 5th, 2020
Cineworld CINE.L, the world's second-biggest cinema chain, will close its UK and U.S. movie theaters this week, leaving as many as 45,000 workers unemployed for the foreseeable future as it fights to survive a coronavirus collapse in film-making and cinema-going.
U.S. commercial bankruptcies up 33% year to date

U.S. commercial bankruptcies up 33% year to date

Source: Reuters
Date of Publication: October 5th, 2020
U.S. commercial bankruptcy filings are up 33% so far this year with new cases in September surging by 78% from a year earlier as the recession triggered by the COVID-19 pandemic hits small businesses, data released on Monday showed.
Scorsese, Eastwood say U.S. movie theaters may not survive pandemic

Scorsese, Eastwood say U.S. movie theaters may not survive pandemic

Source: Reuters
Date of Publication: September 30th, 2020
Oscar-winning film directors James Cameron, Clint Eastwood and Martin Scorsese joined forces with movie theater owners on Wednesday in an appeal for financial help, saying they feared for the future of the industry.
Target to close for Thanksgiving, double down on same-day services _ Marketing Dive

Target to close for Thanksgiving, double down on same-day services

By: Ben Unglesbee
Source: Marketing Dive
Date of Publication: July 27th, 2020
Target has opted to close its stores for Thanksgiving Day this year after opening on the holiday for most of the past decade.
JCPenney shouldn't survive the pandemic

Why JCPenney isn't going out of business -- yet

By: Chris Isidore
Source: CNN
Date of Publication: July 16th, 2020
JCPenney has survived world wars, the Great Depression, the Great Recession and the rise of both big box and online rivals. But surviving the Covid-19 pandemic is very much in doubt.
Daimler to stop building sedans in the U.S. after second-quarter loss

Daimler to stop building sedans in the U.S. after second-quarter loss

Source: Reuters
Date of Publication: July 16th, 2020
Daimler (DAIGn.DE) will stop building Mercedes-Benz sedans in the United States and Mexico as it seeks deeper cuts after posting a smaller-than-expected quarterly loss.
Mall owners renting out parking lots during the coronavirus pandemic

Mall owners renting out parking lots during the coronavirus pandemic

By: Lauren Thomas
Source: CNBC
Date of Publication: July 14th, 2020
Parking lots, of all places, are turning into bigger sources of revenue for some mall owners during the coronavirus pandemic.