Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Explainer: Big cuts in oil production from OPEC and others
(Reuters) - Worldwide oil producers, led by OPEC, are expected to cut production by roughly 20 million barrels per day (bpd), roughly equal to 20% of global daily supply, through a combination of mand...
Apr 13, 2020
Aurora Cannabis falls on capital raise, reverse stock split
(Reuters) - Aurora Cannabis Inc's U.S.-listed shares fell nearly 14% in morning trade on Monday after the Canadian pot producer renewed an at-the-market offering under which it can raise as much as $3...
Apr 13, 2020
Dollar flat in thin trade with Europe on holiday
By Kate Duguid NEW YORK (Reuters) - The U.S. dollar was roughly flat on Monday morning in North America, with trading volumes thin due to a holiday in Europe. The dollar index , which measures the gre...
Apr 13, 2020
Trump: It’s my decision when to reopen U.S. economy
WASHINGTON (Reuters) - U.S. President Donald Trump said on Monday it was his decision when to reopen the country's economy, not that of state governors. "It is the decision of the President, and for m...
Apr 13, 2020
Toyota joins GM in suspending auto production in Brazil until June
SAO PAULO (Reuters) - Toyota Motor Co on Monday said it was suspending auto production in its Brazil plants until at least June 22, joining General Motors Co which also expects to resume production in...
Apr 13, 2020
GE cuts some debt using proceeds from sale of biopharma business
(Reuters) - General Electric Co said on Monday it used part of the $20 billion in proceeds from the sale of its biopharma business to cut debt. The U.S. industrial conglomerate last week pulled its fu...
Apr 13, 2020
Fed’s Bostic: Central bank ‘ready to act’ if more is needed – Florida radio
WASHINGTON (Reuters) - The U.S. Federal Reserve is casting a broad net in its hunt for further problems it may need to address and is "going to be present and ready to act if that becomes necessary," ...
Apr 13, 2020
Ford expects loss of $600 million for first quarter
(Reuters) - Ford Motor Co said on Monday it expects first-quarter adjusted loss before interest and taxes to be about $600 million, compared with a profit of $2.4 billion a year earlier. The company s...
Apr 13, 2020
Dish cuts jobs, re-evaluates business in coronavirus fallout
By Munsif Vengattil (Reuters) - Dish Network Corp has cut staff and is re-evaluating its business to cope better with the fallout from the coronavirus pandemic, the U.S. satellite TV provider told Reu...
Apr 13, 2020
Fashion giant Inditex working at reduced capacity despite loosened Spanish lockdown
By Sonya Dowsett MADRID (Reuters) - Employees at global fashion giant Inditex's 10 logistics centres in Spain - from where it sends garments to its stores worldwide - returned to work on Monday but on...
Apr 13, 2020
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