Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Facebook invests $5.7 billion in India’s Reliance Jio
(Reuters) - Facebook Inc announced a $5.7 billion investment in Reliance Industries Ltd's telecom unit on Wednesday, making it the largest minority shareholder in Jio Platforms Limited. The social med...
Apr 21, 2020
Global CEOs see U-shaped recession due to coronavirus: survey
By Joe Brock SINGAPORE (Reuters) - Global business leaders are preparing for a drawn-out U-shaped recession due to the impact of coronavirus and many fear their companies won't survive the pandemic, a...
Apr 21, 2020
U.S. energy companies’ quarterly reports to show depths of slump
By Caroline Valetkevitch and Chuck Mikolajczak NEW YORK (Reuters) - Investors are in for more bad news on the energy front in the coming weeks as a host of the sector's biggest companies report quarte...
Apr 21, 2020
Expedia nearing deal to sell stake to Silver Lake and Apollo: WSJ
(Reuters) - Online travel services company Expedia Group Inc is in advanced talks to sell a stake to private-equity firms Silver Lake Partners and Apollo Global Management Inc for about $1 billion, th...
Apr 21, 2020
Medtronic sees hit to revenue as hospitals delay elective procedures
(Reuters) - Medtronic Plc said on Tuesday its revenues across the world had plunged in recent weeks, as hospitals put off elective procedures that use its medical devices in order to save capacity to ...
Apr 21, 2020
Asia equities set to plunge after U.S. crude collapses for second day
By Katanga Johnson and Herbert Lash WASHINGTON/NEW YORK (Reuters) - Asian share markets were set to tumble on Wednesday as the floor fell out from under U.S. crude prices, exposing the deep damage the...
Apr 21, 2020
No takers: Hyundai cars sit in U.S. ports as virus keeps buyers away
By Joyce Lee and Hyunjoo Jin SEOUL (Reuters) - As Detroit's automakers shut production in March due to the coronavirus pandemic, South Korea's Hyundai Motor cranked up its factories back home to ship ...
Apr 21, 2020
Mexico, Ecuador and Venezuela particularly hit by oil slump among Latam producers
By Marianna Parraga MEXICO CITY (Reuters) - Prices of key Latin American crude grades plunged this week following the crash in benchmark crude futures, aggravating an already-weak market that has seen...
Apr 21, 2020
U.S. oil crash adds to revenue woes for energy-producing states
By Karen Pierog CHICAGO (Reuters) - The massive downturn in the beleaguered oil market is compounding financial problems for U.S. states and local governments that rely on energy production for revenu...
Apr 21, 2020
Fitch downgrades New Jersey, says combating virus fallout to weaken finances
(Reuters) - New Jersey's credit ratings were downgraded on Tuesday by Fitch Ratings, which cited expectations the state's finances will "significantly weaken" due to the coronavirus outbreak. The stat...
Apr 21, 2020
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