What’s News: Business & Finance — WSJ

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (April 27, 2020).

Millions of credit-card holders can’t pay their debt amid coronavirus-induced financial distress and lenders are bracing for the impact.

A Cerberus-controlled Pennsylvania community hospital called for $40 million as the state prepared to treat Covid-19 patients.

The economy should bounce back in July, August and September as businesses closed by the coronavirus resume operations, Mnuchin said.

J.C. Penney, battered by missteps and the rise of e-commerce, is on the verge of being done in by the coronavirus pandemic.

Business leaders say they expect supply-chain problems to remain even as countries start to reopen their economies.

Carnival raised billions in the bond market after the Fed stepped in, at rates far lower than it had earlier discussed with hedge funds, though at a potential future cost.

Boeing dropped plans to take control of Embraer’s jetliner business, saving cash but adding uncertainty to its own product strategy.

At least 13 of the public companies that got coronavirus hardship loans said they would return the money.

 

(END) Dow Jones Newswires

April 27, 2020 02:47 ET (06:47 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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