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The move by the brand's parent, Town Sports International Inc., to seek financial relief comes after the company failed to attain financial aid to survive the global crisis, Bloomberg reported, citing sources familiar with the matter. 

New York Stock Exchange President Stacey Cunningham on Friday underscored the importance of Wall Street employees returning to the office after months of working virtually.

A sharp drop in travel has left the airlines with tens of thousands more employees than they need to operate the vastly reduced number of flights

"Despite New York’s success in containing the coronavirus, unprecedented numbers of New Yorkers are unemployed, facing homelessness, or otherwise at risk," the letter reads. "There is widespread anxiety over public safety, cleanliness and other quality of life issues that are contributing to deteriorating conditions in commercial districts and neighborhoods across the five boroughs." 

“When the year began, no one could have predicted the enormous challenges we would face as a business, a community and as a nation,” an MOA spokesperson told FOX Business in a statement. “While we continue to make progress at Mall of America, the road to recovery is going to be slow.”

The decision to "wind down of its retail operations" was made after the company's insurance providers failed to pay $175 million that was due under policies put in place to protect them from losses resulting from the COVID-19 pandemic.

As art of the CARES Act, the Pandemic Unemployment Assistance program is a bipartisan effort to ensure that Americans who lose their jobs for COVID-19 related reasons can survive economically.

The U.S. Centers for Disease Control and Prevention recommends that companies monitor employees for symptoms and alert those who may have been in contact with an infected person. Some states may order businesses to follow such guidance.

The report comes on the heels of new government data released last week that showed the economy added 1.4 million jobs in August.

Investors will examine the latest jobless and wholesale inflation reports

Embattled retailer JC Penney gets a lifeline from two of the nation's largest landlords in a deal valued around $800 million.

Former Starbucks CEO Howard Schultz on Wednesday said he is "trying to be a voice" for struggling small business owners by supporting a Senate bill known as the RESTART Act.