- US reported record 1.87m new Covid-19 cases in July
- Anti-abortion centers received at least $4m from bailout funds
- Microsoft pursues TikTok deal as Pompeo says Trump will take action
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11.18am BST
One company that the coronavirus bailout measures could be coming too late for is Lord & Taylor, one of America’s oldest department stores, which has filed for bankruptcy.
Established in 1826, Lord & Taylor has long been a trailblazing brand. We are America’s oldest department store, the first to offer personal shopping, the first to open a branch store – and the first to have a female president. Today, we announced our search for a new owner who believes in our legacy and values. Part of our announcement also includes filing for Chapter 11 protection to overcome the unprecedented strain the Covid-19 pandemic has placed on our business. This strategy is part of our fierce commitment to preserve a nearly 200-year-old brand that has served local communities and loyal customers for generations.
11.06am BST
Slow, grinding negotiations on a huge Covid-19 relief bill are set to resume, reports Andrew Taylor in Washington for the Associated Press. The path forward, though, promises to be a challenge.
Both the Trump administration team and top Democrats reported some progress over the weekend, even as they highlighted their differences.
Continue reading…US reported record 1.87m new Covid-19 cases in JulyAnti-abortion centers received at least $4m from bailout fundsMicrosoft pursues TikTok deal as Pompeo says Trump will take actionSign up to our First Thing newsletter 11.18am BSTOne company that the coronavirus bailout measures could be coming too late for is Lord & Taylor, one of America’s oldest department stores, which has filed for bankruptcy.Established in 1826, Lord & Taylor has long been a trailblazing brand. We are America’s oldest department store, the first to offer personal shopping, the first to open a branch store – and the first to have a female president. Today, we announced our search for a new owner who believes in our legacy and values. Part of our announcement also includes filing for Chapter 11 protection to overcome the unprecedented strain the Covid-19 pandemic has placed on our business. This strategy is part of our fierce commitment to preserve a nearly 200-year-old brand that has served local communities and loyal customers for generations. 11.06am BSTSlow, grinding negotiations on a huge Covid-19 relief bill are set to resume, reports Andrew Taylor in Washington for the Associated Press. The path forward, though, promises to be a challenge.Both the Trump administration team and top Democrats reported some progress over the weekend, even as they highlighted their differences. Continue reading…