Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
McConnell says business protection a condition for next COVID bill
WASHINGTON (Reuters) - U.S. Senate Majority Leader Mitch McConnell on Wednesday doubled down on his demand that Congress protect businesses from coronavirus-related liabilities in its next legislative...
Apr 29, 2020
U.S. pending home sales fall sharply in March
WASHINGTON (Reuters) - Contracts to purchase previously owned homes declined sharply in March as the coronavirus outbreak kept would-be buyers away, National Association of Realtors data showed on Wed...
Apr 29, 2020
Germany expects record recession in 2020 because of coronavirus
By Michael Nienaber BERLIN (Reuters) - The coronavirus pandemic will plunge Germany's economy into its deepest recession since World War Two, Economy Minister Peter Altmaier said on Wednesday as the g...
Apr 29, 2020
British Airways to drive job cuts with cabin crew overhaul: memo
LONDON/PARIS (Reuters) - British Airways is planning a major overhaul of its cabin crew that will "significantly reduce" their numbers, an internal memo circulated on Wednesday showed, after parent IA...
Apr 29, 2020
Samsung’s phone fortunes wane as COVID-19 hits 5G phones in Europe and U.S.
By Hyunjoo Jin and Heekyong Yang SEOUL (Reuters) - When the coronavirus outbreak in China disrupted global smartphone production in February, Samsung looked set to weather the crisis better than most ...
Apr 29, 2020
Renault may cut sub-contractors to save up to 200 million euros: sources
PARIS (Reuters) - Renault is considering cutting the number of sub-contractors it uses to develop car models in its engineering division potentially saving the carmaker between 100 million to 200 mill...
Apr 29, 2020
Even under best outlook, World Bank sees Western Balkans economies shrinking up to 5.6%
By Daria Sito-Sucic SARAJEVO (Reuters) - Economies in the Western Balkans region will contract by up to 5.6% under the best scenario of how the coronavirus pandemic unfolds in Europe, the World Bank s...
Apr 29, 2020
Boeing to cut staff by 10% amid coronavirus pandemic
WASHINGTON (Reuters) - Boeing Co CEO Dave Calhoun told employees on Wednesday that the largest U.S. planemaker is reducing the size of its workforce by about 10% amid a steep fall in travel demand due...
Apr 29, 2020
Austria won’t help Lufthansa for nothing, says Chancellor Kurz
VIENNA (Reuters) - Austria will not help Lufthansa and its Austrian Airlines operation without receiving something in exchange and is looking to secure jobs within its borders, Chancellor Sebastian Ku...
Apr 29, 2020
Boeing posts second straight quarter of loss, to further cut 787 production
(Reuters) - Boeing Co reported a loss for the second straight quarter and said on Wednesday it would further reduce production of 787 Dreamliner to seven jets a month amid a slump in travel demand. It...
Apr 29, 2020
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