Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
South African airline Comair applies for business rescue
JOHANNESBURG (Reuters) - Comair said on Tuesday that it has filed for voluntary business rescue - South Africa's bankruptcy protection process - after a nationwide lockdown to curb the spread of the c...
May 05, 2020
Lyft offers new cheaper rides with more waiting time
(Reuters) - Lyft Inc said on Tuesday it would expand its program that provides cheaper rides to customers willing to wait longer for their pick-ups, at a time when curbs against the coronavirus outbre...
May 05, 2020
Top trader Vitol says virus might bring peak oil demand much quicker
By Julia Payne and Dmitry Zhdannikov LONDON (Reuters) - Oil markets are at the beginning of a fragile recovery as coronavirus lockdowns ease, though long-term peak demand may be permanently eroded, Vi...
May 05, 2020
Lufthansa Technik changes first passenger A380 jet to move cargo
(Reuters) - Germany's Lufthansa Technik AG [LUFT.UL] said on Tuesday it is modifying its first Airbus A380 superjumbo jet to move cargo, as the coronavirus crisis fuels a global scramble for capacity ...
May 05, 2020
Norwegian Cruise flags cash crunch, going concern risks
(Reuters) - Norwegian Cruise Line Holdings Ltd , the world's third-largest cruise operator, warned of a cash crunch and raised doubts about its ability to keep running its business, making it the firs...
May 05, 2020
Virgin Atlantic to cut 3,150 jobs after pandemic hits demand
LONDON (Reuters) - British airline Virgin Atlantic said on Tuesday it planned to cut 3,150 jobs and would move its flying programme from London Gatwick to Heathrow airport as it counts the cost of the...
May 05, 2020
Chicago Fed economists see ‘U-Cov’ jobless rate as high as 34%
(Reuters) - The official U.S. unemployment rate for April, due out this Friday, will likely vastly understate job destruction from the coronavirus pandemic, so a pair of economists at the Federal Rese...
May 05, 2020
Companies tap bond markets at record rate to ride out coronavirus downturn
By Tommy Wilkes LONDON (Reuters) - Companies raised new debt on bond markets at a record rate in April, with European markets clocking up their busiest month for capital raising as firms scrambled to ...
May 05, 2020
Ocado investor Royal London to oppose CEO’s $73 million payout
By James Davey LONDON (Reuters) - Ocado investor Royal London Asset Management said it will vote against the online grocer's pay report at Wednesday's annual meeting, calling CEO Tim Steiner's 58.7 mi...
May 05, 2020
Swiss parliament backs bailout package for aviation sector
ZURICH (Reuters) - The Swiss parliament has backed the government's request for nearly 1.9 billion Swiss francs ($1.97 billion) in aid for the struggling aviation sector crippled by the coronavirus pa...
May 05, 2020
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