Business

Monday’s business headlines

The latest business headlines

INDIANAPOLIS (WISH) – Here’s a look at Monday’s business headlines.

Build-A-Bear

Build-A-Bear closes all of its stores and furloughs 90% of its workforce and cuts executive pay.

There are five locations in Indiana, including Castleton Square Mall and Greenwood Park Mall.

Officials said they do not know when they could reopen.

Disney

Disney has closed its U.S. parks “until further notice.”

The company risks losing $1.5 billion in revenue per month they are shut, according to UBS.

Disney previously said the U.S. parks would be shuttered from mid-March through the end of the month.

Satellite images

Satellite imagery combined with alternative data dives a stark look at the U.S. situation during the coronavirus pandemic.

Airplanes are parked on unused runways, the busiest highways are empty during rush hour times, resorts have become ghost towns, ports are seeing sharp drops in shipping activity and more.

American Airlines has begun storing its aircraft in at least four locations across the U.S., including Tulsa, Oklahoma and Pittsburgh, Pennsylvania.

April bills

This is the week when many Americans must decide what to do about April’s bills. Which obligations do they pay and which can they put off? How many employees can they afford to keep on the payroll? Can they get a break on rent?

Treasury Secretary Steve Mnuchin says Americans should receive the checks to help them pay bills in three weeks.

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