Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
U.S. economic shutdown may be too tight for ‘optimal’ outcome: Minneapolis Fed research
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) - Current U.S. economic restrictions may be twice as tough as needed to balance the risks of the coronavirus pandemic against the economic needs...
Apr 20, 2020
U.S. energy industry steps up lobbying for Fed’s emergency aid: letters
By Michelle Price and David French WASHINGTON/NEW YORK (Reuters) - The U.S. energy industry has asked the Federal Reserve to change the terms of a $600 billion lending facility so that oil and gas com...
Apr 20, 2020
U.S. crude futures up over $20, but still trade in negative territory
SEOUL (Reuters) - U.S. crude oil jumped over $20 per barrel on Tuesday but still traded below $0 after plunging into negative territory for the first time in history, dragged down by a supply glut and...
Apr 20, 2020
Trump to consider stopping Saudi oil imports, sees price drop as short-term
WASHINGTON (Reuters) - U.S. President Donald Trump described a historic drop in oil prices on Monday as short-term and stemming from a "financial squeeze," adding the administration would consider sto...
Apr 20, 2020
GE enters into $15 billion loan agreement
(Reuters) - General Electric Co entered into a revolving credit agreement for $15 billion, according to a regulatory filing on Monday. The current agreement is set to mature on April 17, 2023 and refi...
Apr 20, 2020
Coronavirus hits German services, job fears dent consumption: finance ministry
BERLIN (Reuters) - Measures to contain the coronavirus pandemic are hitting Germany's services and the retail sector especially hard, the finance ministry said on Tuesday, adding that factory closures...
Apr 20, 2020
Goldman Sachs looks for good borrowers, depositors in the cracks of coronavirus
By Elizabeth Dilts Marshall NEW YORK (Reuters) - Goldman Sachs Group Inc is forging new partnerships with customers who may be facing financial hardships during the coronavirus, counting on them to be...
Apr 20, 2020
Schumer urges Fed’s Powell to open loan programs to nonprofits, local governments
WASHINGTON (Reuters) - U.S. Senate Democratic leader Chuck Schumer said he had urged Federal Reserve Chairman Jerome Powell in a phone call on Monday to open Fed's Main Street Lending program to nonpr...
Apr 20, 2020
U.S. car rental company Hertz to lay off 10,000 staff
(Reuters) - U.S. car rental company Hertz Global Holdings Inc said on Monday it plans to lay off 10,000 employees to cut costs amid the economic fallout of the COVID-19 pandemic. The company will incu...
Apr 20, 2020
Albemarle names J. Kent Masters as CEO
(Reuters) - World's largest lithium producer Albemarle Corp said on Monday J. Kent Masters has been elected as the chairman and chief executive officer, effective immediately, replacing Luke Kissam. M...
Apr 20, 2020
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