Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
U.S. GDP will contract 30% in second quarter, 5% in 2020: PIMCO
By Kate Duguid NEW YORK (Reuters) - The forced closure of businesses across the United States and surge in unemployment due to the coronavirus pandemic will force U.S. growth to contract by 30% in the...
Apr 08, 2020
Hundreds of U.S. lenders get access to small business rescue program with new system launch
By Michelle Price WASHINGTON (Reuters) - The government's $350 billion program to help ailing businesses took an important step forward on Wednesday, with the launch of a new system that will allow hu...
Apr 08, 2020
Chile announces $2 billion fund to benefit informal workers amid coronavirus outbreak
SANTIAGO (Reuters) - Chilean President Sebastian Pinera on Wednesday announced a fresh $2 billion fund to help support the countrys informal workers as the coronavirus outbreak continues to batter the...
Apr 08, 2020
U.S. Justice Department backs Google request to use part of U.S.-Asia undersea cable
WASHINGTON (Reuters) - The U.S Justice Department on Wednesday recommended U.S. regulators approve Alphabet Inc's request to use part of an U.S.-Asia undersea telecommunications cable. Google agreed t...
Apr 08, 2020
Dow Jones CEO Will Lewis to step down: FT
(Reuters) - The chief executive officer of News Corp owned Dow Jones, Will Lewis, is stepping down, according to a report by Financial Times on Wednesday, citing people familiar with the matter. News ...
Apr 08, 2020
Centerview turns to Matthieu Pigasse to lead new Paris hub
By Gwnalle Barzic and Pamela Barbaglia PARIS (Reuters) - U.S. investment bank Centerview has hired Lazard's former France boss, Matthieu Pigasse, to lead its newly-launched Paris office and win busine...
Apr 08, 2020
Coronavirus will hit jobs, livelihoods, says Sunak
LONDON (Reuters) - Britain's economy and people's livelihoods will take a hit due to the coronavirus outbreak which has forced a lockdown of much of society, finance minister Rishi Sunak said on Wedne...
Apr 08, 2020
Toyota extends North American plant shutdown; will stop paying 5,000 temporary workers
By David Shepardson WASHINGTON (Reuters) - Toyota Motor Corp said Wednesday it plans to reopen its North American auto plants on May 4, extending its current shutdown by two additional weeks. The Japa...
Apr 08, 2020
Norwegian Air seeks $4.3 billion debt-for-equity deal as crisis deepens
By Terje Solsvik and Victoria Klesty OSLO (Reuters) - Norwegian Air plans to convert up to $4.3 billion of its debt into equity and to issue new shares as it seeks to stay in business following the CO...
Apr 08, 2020
Lufthansa’s Austrian unit negotiates state aid, job cuts
VIENNA (Reuters) - Austrian Airlines is in negotiations with the government regarding state aid to save jobs and keep Vienna as a transfer hub for long-haul flights, the carrier said on Wednesday, add...
Apr 08, 2020
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