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Retail

Lord & Taylor files for bankruptcy

NEW YORK: Venerable US retailer Lord & Taylor filed for Chapter 11 bankruptcy on Sunday, becoming the latest in a growing list of storied names to do so amid the ongoing coronavirus outbreak that has crippled the retail sector.

Energy

BJ Services files for Chapter 11 bankruptcy

Texas: Oilfield services firm BJ Services filed for Chapter 11 bankruptcy protection early yesterday, following a severe cut in demand and cash crunch due to the coronavirus pandemic.