Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
SoftBank sees $8.4 billion net loss on WeWork writedown
By Sam Nussey TOKYO (Reuters) - SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) in the year ending March on the portion of its WeWork investment held outside the Visio...
Apr 29, 2020
U.S. asks Mexico for help to investigate oil-for-food pact with Venezuela
MEXICO CITY (Reuters) - The U.S. State Department, the Treasury Department and the U.S. Embassy in Mexico are investigating at least two Mexican firms involved in an oil-for-food pact signed in 2019 w...
Apr 29, 2020
Mexican farmers give away tomatoes as demand squashed by coronavirus
By Sharay Angulo MEXICO CITY (Reuters) - Mexican tomato farmers are so hard pressed to sell their product at home or abroad due to the disruptions caused by the coronavirus outbreak that they have had...
Apr 29, 2020
Asian stocks set to track U.S. gains as virus treatment hopes lift confidence
By Chibuike Oguh NEW YORK (Reuters) - Asian equity markets were poised to gain on Thursday, tracking Wall Street's rally after positive trial results of an experimental COVID-19 treatment, a U.S. Fede...
Apr 29, 2020
Coronavirus slashes UK car output as industry warns of big hit
By Costas Pitas LONDON (Reuters) - The British car industry faces losing output worth more than 8 billion pounds ($10 billion) due to the coronavirus outbreak, which cut production in March by a third...
Apr 29, 2020
Coronavirus U.S. job losses hitting minorities the hardest, Fed’s Powell says
By Jonnelle Marte (Reuters) - The coronavirus pandemic ravaged the U.S. labor market just as it was starting to benefit disadvantaged communities, and if the job losses last, some workers could face a...
Apr 29, 2020
Proxy advisory firms urge Dine Brands investors to reject activist’s IHOP plan
BOSTON (Reuters) - Two influential proxy advisory firms said Dine Brands Global Inc shareholders should reject a proposal to spin off its IHOP pancake house chain in a rebuke to activist investment fi...
Apr 29, 2020
U.S. could store another ‘several hundred million’ barrels of oil: Mnuchin
WASHINGTON (Reuters) - President Donald Trump on Wednesday said his administration will soon release a plan to help U.S. oil companies, which Treasury Secretary Steven Mnuchin said could include addin...
Apr 29, 2020
EU’s Gentiloni urges Europe to get recovery plan for second half of 2020
PARIS (Reuters) - Europe's recovery plan should be ready to kick in in the second half of the year and not drag on until December or later, European Commissioner Paolo Gentiloni said on Wednesday. In ...
Apr 29, 2020
Exclusive: Chesapeake Energy preparing bankruptcy filing – sources
By Mike Spector and David French (Reuters) - Chesapeake Energy Corp , the oil and gas exploration and production company that was at the forefront of the past decade's U.S. shale boom, is preparing a ...
Apr 29, 2020
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