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Johnson & Johnson said on Monday that it and the US government will invest $1 billion to create enough manufacturing capacity to make more than 1 billion doses of a vaccine it is testing to stop the new coronavirus that has killed more than 35,000 people around the world. As part of the arrangement, the …

Macy’s said on Monday it would furlough most of its 130,000-strong workforce starting this week as all of the company’s stores have been temporarily shut due to the coronavirus pandemic. The department store chain added that there would be fewer furloughs in its digital business, which is still operational, supporting distribution centers and call centers. …

Macy’s on Tuesday joined Nordstrom to temporarily close all of its stores in the US, due to the coronavirus pandemic. Nordstrom said on Monday it would temporarily shut its stores in the US and Canada and withdrew its fiscal 2020 forecast. Macy’s, which owns more than 800 stores, said it would continue to operate its …