GNC Files for Bankruptcy Amid COVID-19 Impact

GNC Files for Bankruptcy Amid COVID-19 Impact

Another business giant has fallen under the burden of the pandemic crisis in the United States. GNC, the vitamin and supplement company, announced in late May that it has filed for bankruptcy and that they plan to close up to a quarter of their 5,800 stores while they...
Canadian Airline Industry Pressures Government for Bailout

Canadian Airline Industry Pressures Government for Bailout

“The industry will not be able to get out of this challenge unless there’s government assistance.” This stark statement comes from Mike McNaney, the president of the National Airlines Council of Canada (NACC), a lobbying group for the Canadian airline industry,...
Cinemark Execs Forgo Salaries to Help Retain Staff

Cinemark Execs Forgo Salaries to Help Retain Staff

Cinemark Theaters (and its subsidiary Century) is the third-largest cinema chain in the United States, with just shy of 350 locations around the country, as well as significant footholds in Taiwan and South America. Like all movie theaters in over a third of the...
Wuhan Coronavirus Is Having a Ripple Effect on Airlines

Wuhan Coronavirus Is Having a Ripple Effect on Airlines

In 2003, when the world was wracked by both the outbreak of SARS in eastern Asia and the second Gulf War in the Middle East, global air traffic fell by a massive 19 percent. Air travel carriers in the Asia-Pacific areas lost billions in revenue and a large chunk of...