Bloomberg The North American International Auto Show said it’s canceling the industry’s biggest event scheduled in June and will resume the show in 2021. The venue, TCF Center, will be repurposed as a field hospital for Covid-19 cases, the organisers said. The Detroit Auto Show will resume on June 11, 2021, with the public show scheduled for June 19-26. “Although ...

Bloomberg WeWork continued to cut more staff as part of a months-long effort to lower expenses after its failed initial public offering last year, the company said. The New York-based co-working firm axed about 250 jobs in its development department, according to two people familiar with the matter. The reductions aren’t related to the impact of the coronavirus, one of ...

Bloomberg Getting the $350 billion in loans for small businesses in the record US stimulus package into business owners’ hands before a wave of closures will strain the nation’s network of lenders and regulators as never before. The magnitude of the plan is unprecedented for the Small Business Administration (SBA), an agency that distributed $28 billion in fiscal year 2019 ...