Bloomberg Three days after President Trump signed a $2 trillion stimulus into law, Kohl’s Corp, Macy’s Inc and Gap Inc joined the growing number of retailers to halt pay for much of their workforce on March 30, while preserving some benefits. With these furloughs, that brings the total number of employees who are out a paycheck at major US chains ...

Bloomberg Virgin Australia Holdings Ltd asked the government for a A$1.4 billion ($863 million) loan to get through the coronavirus crisis. The airline, which is mostly owned by other foreign carriers, sought the aid as part of a A$5 billion support package it’s seeking for the Australian aviation industry, a spokesman for Virgin Australia said. The loss-making airline has furloughed ...

Bloomberg Air Canada will cut capacity by as much as 90% next quarter and temporarily reduce its workforce by about 16,500 to reduce costs during the coronavirus crisis. The decision, effective on or around April 3, puts 15,200 unionised employees on “off-duty status” while 1,300 managers will also be furloughed, the airline said. The company said the cuts were required ...