Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
GM ignition switch settlement with vehicle owners wins U.S. court approval
NEW YORK (Reuters) - General Motors Co on Thursday won preliminary U.S. court approval of a $120 million settlement with owners who said defective ignition switches caused their vehicles to lose value...
Apr 23, 2020
Saudi sovereign fund sees opportunities after coronavirus, PIF head says
By Marwa Rashad and Hadeel Al Sayegh RIYADH/DUBAI (Reuters) - The head of Saudi Arabia's sovereign wealth fund Yassir al-Rumayyan said there will be a lot of potential for investment opportunities onc...
Apr 23, 2020
Mexico eyes agreement to end virus-induced disruptions to U.S.-Mexico supply chains
MEXICO CITY (Reuters) - Mexican President Andres Manuel Lopez Obrador said on Thursday he expected an agreement to enable industrial supply chains linking the United States and Mexico to begin operati...
Apr 23, 2020
Dallas hotelier gets $58.7 million in small business bailout funds
By Ann Saphir SAN FRANCISCO (Reuters) - Three publicly traded companies overseen by Dallas hotelier Monty Bennett have borrowed $58.7 million under a program aimed at helping small businesses through ...
Apr 23, 2020
Italy eyes budget gap around 10% of GDP in 2020, above 3% in 2021: source
ROME (Reuters) - Italy will target a budget deficit of around 10% of national output in 2020, and the gap will remain above 3% in 2021, a senior official said, as it readies a new stimulus package to ...
Apr 23, 2020
Coronavirus may cut wine sales in Europe by half: OIV
PARIS (Reuters) - The closure of bars and restaurants to contain the spread of the new coronavirus has slashed global wine sales and winemakers' revenues in Europe could be cut in half, the Internatio...
Apr 23, 2020
Blackrock CEO: equity market has rallied but global economy still in descent
RIYADH (Reuters) - Blackrock Chief Executive Larry Fink on Thursday said the global economy remains in descent though equity markets have rallied considerably. He was speaking during an online confere...
Apr 23, 2020
Lufthansa aims to finalise 10 billion rescue package next week: sources
By Arno Schuetze, Klaus Lauer and Patricia Uhlig FRANKFURT (Reuters) - Lufthansa is aiming to finalise a state aid rescue package worth up to 10 billion euros ($10.8 billion) next week after the coron...
Apr 23, 2020
Exclusive: Argentina plans higher local oil price to protect sector amid rout – sources
By Eliana Raszewski BUENOS AIRES (Reuters) - Argentina plans to issue a decree setting a higher local oil barrel price to protect the domestic industry from being further decimated by crashing global ...
Apr 23, 2020
Rome to take full control of Alitalia in June: minister
MILAN (Reuters) - The Italian government will take full control of Alitalia [CAITLA.UL] in June, Industry Minister Stefano Patuanelli said on Thursday, adding the airline would have gone bust due to t...
Apr 23, 2020
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