Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
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
Fiat Chrysler draws down on 6.25 billion euro credit facility
(Reuters) - Fiat Chrysler Automobiles N.V. said on Tuesday it had drawn down on a 6.25 billion euro ($6.79 billion) credit line to buffer its cash reserves during the uncertainty around the coronaviru...
Apr 21, 2020
Harvard to pay back money for small businesses, Trump says
WASHINGTON (Reuters) - Harvard University plans to repay the federal government money it received as part of a stimulus package to help small businesses struggling with coronavirus lockdowns, U.S. Pre...
Apr 21, 2020
Exclusive: Argentina’s Buenos Aires seeks three-year grace period, capital cut in debt revamp – source
By Nicols Misculin BUENOS AIRES (Reuters) - The provincial government of Argentina's capital Buenos Aires will propose a three-year grace period and a 7% capital drawdown to creditors as part of a $7....
Apr 21, 2020
Uber launches website to help drivers navigate U.S. unemployment system
By Tina Bellon (Reuters) - Uber Technologies Inc on Tuesday launched a website to help its ride-hail and delivery drivers navigate the intricate U.S. unemployment system, with many gig workers still w...
Apr 21, 2020
Georgia tests boundaries of life post-pandemic with ‘risky’ reopening
By Howard Schneider and Andy Sullivan WASHINGTON (Reuters) - A handful of mostly southern U.S. states will begin loosening economic restrictions this week in the midst of a still virulent pandemic, pr...
Apr 21, 2020
GM folds Maven car-sharing unit, citing coronavirus
By Paul Lienert and David Shepardson (Reuters) - General Motors Co said on Tuesday it is shutting down its Maven car-sharing unit, after suspending operations because of the novel coronavirus. The aut...
Apr 21, 2020
United Airlines announces stock offering, shares slip
(Reuters) - United Airlines Holdings Inc on Tuesday announced a stock offering of 39.25 million shares, sending its shares down 3% in extended trading. The company intends to use the proceeds from the...
Apr 21, 2020
U.S. Senate passes nearly $500 billion coronavirus bill aiding small business
WASHINGTON (Reuters) - The U.S. Senate on Tuesday unanimously passed legislation providing nearly $500 billion in additional federal aid to help small businesses hurt by the coronavirus pandemic and t...
Apr 21, 2020
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