California Pizza Kitchen said it has already pre-negotiated terms of its restructuring with its lenders.

Ascena Retail, parent company of the Ann Taylor and LOFT brands, files for bankruptcy protection as the coronavirus pandemic claims another retail victim.

Ascena, parent of women's fashion retailers Ann Taylor and Lane Bryant, is reportedly mulling a Chapter 11 filing in the wake of the pandemic.

Stock futures plunge, global stocks tank and bond yields are sharply lower as fears about the spread of the coronavirus deepen; oil prices plunge as producers argue over how to cut production and lift prices as demand weakens; global cases of the coronavirus have risen to above 110,000.

"We think we're well positioned for growth in fiscal year 2023 ... having said that, we did take a cautious approach to Greater China," said CFO Matthew Friend.

Stock futures higher on global growth bets; Morgan Stanley leads bank gains after dividend boost; Nike slides as margin pressures offset Q4 earnings beat; Playtika shares surge on report of Joffre Capital interest and Occidental shares jump as Buffett adds more to stake

"As a result of market instability ... no third party has been able to make an offer that adequately reflects the high potential value of Boots," Walgreens said.