Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
J.C. Penney to hire advisors as it mulls options for debt: Bloomberg News
(Reuters) - J.C. Penney Co Inc has approached consulting firm AlixPartners LLP as the U.S. retailer looks at options for managing its debt, Bloomberg News reported on Tuesday, citing people with knowl...
Apr 14, 2020
China’s 2020 GDP growth set to sink to 44-year low as coronavirus cripples economy: Reuters poll
BEIJING (Reuters) - China's economic growth is set to stumble to its slowest annual pace in nearly half a century, as the coronavirus health crisis shutters businesses and brings the global economy to...
Apr 14, 2020
Amazon fires two employees critical of warehouse working conditions
(Reuters) - Amazon.com Inc said on Tuesday it terminated two employees, who criticized the working conditions at the e-commerce giant's warehouses in the wake of the coronavirus pandemic, for "repeate...
Apr 14, 2020
Pandemic shows investment fund vulnerabilities, G20 watchdog says
By Huw Jones LONDON (Reuters) - Non-bank financial firms such as investment funds have exhibited vulnerabilities during the coronavirus crisis that may need fixing to help economies recover, a global ...
Apr 14, 2020
Coronavirus ‘new reality’ bites deep into Beijing eatery chain
BEIJING (Reuters) - The worst of the COVID-19 outbreak in China may be over, but one Beijing-based restaurant chain is struggling with a "new reality" -- fewer customers, reduced seating capacity, sho...
Apr 14, 2020
Brewer AB InBev halves final dividend and pushes back AGM
BRUSSELS (Reuters) - Anheuser-Busch InBev , the world's largest brewer, proposes to halve its final dividend and has postponed its annual shareholder meeting owing to uncertainty around the COVID-19 p...
Apr 14, 2020
Norwegian Air shares drop 60% after proposed debt-for-equity swap
OSLO (Reuters) - The share price of Norwegian Air fell by 60% on Tuesday, the first day of trading following the company's proposal of a financial rescue package on April 8. If approved by creditors a...
Apr 14, 2020
European shares jump on China trade data, coronavirus hopes
(Reuters) - European shares rose on Tuesday after a strong rally last week, as better-than-expected trade data from China added to relief from early signs that sweeping lockdown measures to contain th...
Apr 14, 2020
French economy to contract 8% this year: finance minister
PARIS (Reuters) - The French economy is expected to contract 8% this year, the finance minister said on Monday, revising the governments outlook for the second time in a week. "We will have a growth f...
Apr 14, 2020
Indonesia trying to avert recession due to virus outbreak: finance minister
JAKARTA (Reuters) - Indonesian authorities are making efforts to prevent an economic recession due to the coronavirus outbreak, but their worst case scenario is for contraction in two consecutive quar...
Apr 14, 2020
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