Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
U.S. unemployment to shoot up while GDP declines in second quarter: congressional estimators
By Lisa Lambert WASHINGTON (Reuters) - The U.S. unemployment rate will shoot past 10% in the second quarter and the growth rate of gross domestic product will decline by more than 7% as the coronaviru...
Apr 02, 2020
Starboard pushes forward with proxy fight at GCP Applied Technologies
By Svea Herbst-Bayliss BOSTON (Reuters) - Activist investor Starboard Value is pushing ahead with a proxy contest at GCP Applied Technologies , arguing that its director nominees would steer the chemi...
Apr 02, 2020
Coronavirus punishes Warren Buffett’s equity holdings
By Jonathan Stempel NEW YORK (Reuters) - The coronavirus pandemic may have erased around $64 billion of value from Warren Buffett's equity portfolio at Berkshire Hathaway Inc , setting up the conglome...
Apr 02, 2020
S&P reassessing Brazil’s BB- credit rating and positive outlook
By Jamie McGeever BRASILIA (Reuters) - S&P Global Ratings is reassessing its current sovereign credit rating and outlook on Brazil, whose economic, fiscal and political challenges have grown significa...
Apr 02, 2020
U.S. Air Force recommends paying Boeing up to $924 million: sources
WASHINGTON (Reuters) - The U.S. Air Force has recommended the release of up to $924 million in payments to Boeing that were held back due to flaws in KC-46 air refueling tanker, according to memo seen...
Apr 02, 2020
U.S. financial industry asking SEC to delay broker disclosure rule, citing coronavirus: sources
By Katanga Johnson WASHINGTON (Reuters) - The financial industry wants the U.S. Securities and Exchange Commission to hold off on parts of a new rule requiring brokers to disclose potential conflicts ...
Apr 02, 2020
Delivery platform Grubhub to give $30 million of funding to restaurants
NEW YORK (Reuters) - The third-party delivery provider Grubhub Inc on Thursday will notify more than 100,000 restaurants using its platform that they each will get $250 of funding - at a total cost to...
Apr 02, 2020
Oil crash poses severe test for OPEC+ after Moscow, Riyadh miscalculate
By Rania El Gamal and Dmitry Zhdannikov DUBAI/LONDON (Reuters) - U.S. President Donald Trump says he has brokered a deal with Saudi Arabia and Russia that would see sweeping oil output cuts. Riyadh ha...
Apr 02, 2020
Yield-thirsty investors eye stock dividends as virus fears shrink bond payouts
By Noel Randewich (Reuters) - Battered S&P 500 stocks may get fresh interest from investors turning to dividends in a world of shrinking bond yields. The dividend yield on the S&P 500 now exceeds the ...
Apr 02, 2020
U.S. direct payments likely to begin April 13: House panel
By David Morgan WASHINGTON (Reuters) - Americans should start receiving direct deposit payments from the U.S. government around April 13 to help them cope with the coronavirus pandemic, but others may...
Apr 02, 2020
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