Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
World Bank sees ‘major global recession’ due to pandemic
WASHINGTON (Reuters) - World Bank Group President David Malpass on Friday said the rapidly spreading COVID-19 pandemic was expected to cause a "major global recession" that would likely hit the poores...
Apr 03, 2020
U.S. SEC official urges delay in public comment on agency rule changes
By Katanga Johnson WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission's lone Democratic commissioner on Friday called for a delay in pending rule changes due to the coronavirus outbrea...
Apr 03, 2020
Southwest expects talks on U.S. payroll grant terms over next several days
CHICAGO (Reuters) - Southwest Airlines Co said on Friday it has applied for U.S. payroll grants but cannot disclose details as the next several days could involve conversations on the terms of any agr...
Apr 03, 2020
Mexican monetary policy tools blunted by risk shocks: central bank
By Dave Graham MEXICO CITY (Reuters) - Mexico's room for maneuver on monetary policy is restricted by recent economic shocks that have inflated local risk premia and cast a pall over the growth outloo...
Apr 03, 2020
Soaring unemployment increases odds U.S. banks will cut dividends
By David Henry NEW YORK (Reuters) - Questions are building about whether big U.S. banks will have to cut dividends later this year as the coronavirus crisis puts a record portion of Americans out of w...
Apr 03, 2020
Explainer: Antitrust law won’t get in the way of U.S. acting to raise oil prices
WASHINGTON (Reuters) - It is illegal for oil producers to meet to discuss pushing up oil prices under U.S. antitrust law, but perfectly legal if state regulators or the federal government set lower pr...
Apr 03, 2020
Large U.S. banks to take small business loan applications next week: Mnuchin
WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Friday he expects all large U.S. banks to be participating in a newly launched, $350 billion small business coronavirus rescue loa...
Apr 03, 2020
Warren Buffett’s Berkshire Hathaway sells some stake in Delta Air Lines
(Reuters) - Warren Buffett's Berkshire Hathaway Inc said on Friday it has sold some of its stake in Delta Air Lines Inc . Berkshire is among the largest investors in the carrier. It is also among the ...
Apr 03, 2020
Prudential Financial to suspend applications for 30-year term life insurance policies
(Reuters) - Prudential Financial Inc will temporarily suspend taking applications for 30-year term life insurance policies, effective April 13, a spokeswoman said on Friday. The suspension, which will...
Apr 03, 2020
Walmart to limit number of customers at stores as virus crisis deepens
(Reuters) - Walmart Inc said on Friday it would limit the number of customers in a store at a time, starting April 4, to encourage social distancing among its customers. It said it will now allow no m...
Apr 03, 2020
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