Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Lawsuit claims 10 big banks rigged market for ‘odd-lot’ U.S. corporate bonds
By Jonathan Stempel NEW YORK (Reuters) - Ten of the world's largest banks, including JPMorgan Chase and Bank of America, have been sued for allegedly conspiring over nearly 14 years to rig prices in t...
Apr 21, 2020
LendingClub to lay off about a third of employees due to coronavirus
(Reuters) - Online lender LendingClub Corp said on Tuesday it would lay off 460 employees, including President Steven Allocca, as part of a restructuring plan to slash costs amid the economic fallout ...
Apr 21, 2020
White House mulls liability protection for reopening businesses: Trump adviser
WASHINGTON (Reuters) - The Trump administration is considering the possibility of providing liability protection to small businesses that reopen and put their employees back to work as the nation trie...
Apr 21, 2020
Small business loan program discriminated against women, minorities: lawsuit
By Brendan Pierson (Reuters) - The $349 billion small business loan program passed last month as part of the federal coronavirus relief package discriminated against woman- and minority-owned business...
Apr 21, 2020
South Africa’s Ramaphosa pledges COVID-19 rescue package worth 10% of GDP
By Nqobile Dludla and Alexander Winning JOHANNESBURG (Reuters) - South African President Cyril Ramaphosa announced a 500 billion rand ($26.3 billion) rescue package on Tuesday, equivalent to 10% of th...
Apr 21, 2020
Some U.S. fund managers risk long-term bets on tanking oil sector
By David Randall NEW YORK (Reuters) - Some U.S. fund managers are attempting what seems like an impossible task: making bets on the stocks and bonds of energy companies at a time when oil futures have...
Apr 21, 2020
Chipotle reports 16% drop in March same-store sales
(Reuters) - Chipotle Mexican Grill Inc on Tuesday reported a 16% fall in March same-store sales, as the coronavirus pandemic forced the company to keep its restaurants closed to diners. The company al...
Apr 21, 2020
Snap shares rise 19% as coronavirus spurs use, revenue growth beats Street
By Sheila Dang (Reuters) - Snap Inc on Tuesday beat Wall Street estimates for quarterly revenue and user growth for its Snapchat app, as more people seek entertainment while they stay at home during t...
Apr 21, 2020
Netflix adds more subscribers in first quarter, shares rise
(Reuters) - Netflix Inc on Tuesday reported more paid subscribers than expected in the first quarter, as global lockdowns to curb the spread of the novel coronavirus forced people to stay at home and ...
Apr 21, 2020
Texas Instruments forecast current-quarter sales below estimates
(Reuters) - Texas Instruments Inc on Tuesday forecast second-quarter revenue below Wall Street estimates, as the chip industry braces for a big hit from the coronavirus outbreak. The company, whose br...
Apr 21, 2020
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