Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Planemakers brace for sharp cuts in wide-body output: sources
WASHINGTON/PARIS (Reuters) - Planemakers are looking at drastic cuts in wide-body production amid a slump in demand for the industry's largest jetliners, manufacturing and supplier sources said on Thu...
Apr 02, 2020
JPMorgan CEO Jamie Dimon returns to work after heart surgery
(Reuters) - JPMorgan Chase & Co Chief Executive Officer Jamie Dimon has returned to lead the largest U.S bank, after recovering from recent heart surgery, according to an internal memo seen by Reuters...
Apr 02, 2020
Ford first-quarter U.S. auto sales tumble 12.5% on coronavirus hit
(Reuters) - Ford Motor Corp on Thursday posted a 12.5% fall in U.S. auto sales for the first quarter, as production halts and social distancing in the face of the coronavirus pandemic stalled demand a...
Apr 02, 2020
Autoliv withdraws 2020 forecast, suspends dividend due to coronavirus impact
STOCKHOLM (Reuters) - Sweden's Autoliv , the world's biggest airbag maker, on Wednesday withdrew its 2020 forecast due to the coronavirus crisis, suspended its dividend and said it had drawn the remai...
Apr 02, 2020
Luckin Coffee shares tank after COO suspended following alleged misconduct
(Reuters) - Shares of Luckin Coffee Inc sank 85% on Thursday after it said it suspended its chief operating officer and several other employees for misconduct related to the fabricating of transaction...
Apr 02, 2020
Exclusive: Amazon to deploy masks and temperature checks for workers by next week
By Jeffrey Dastin (Reuters) - Amazon.com Inc plans to roll out temperature checks and face masks for staff at all its U.S. and European warehouses plus Whole Foods stores by early next week, a huge de...
Apr 02, 2020
Bank of America sees Mexico economy contracting 8% in 2020
MEXICO CITY (Reuters) - Mexico's economy will likely shrink by 8.0% this year due to the effects of the coronavirus crisis and a drop in crude oil prices, Bank of America said on Thursday, slashing it...
Apr 02, 2020
‘Dear Elon’: Ukraine takes up Tesla’s ventilator offer via Twitter
KIEV (Reuters) - Ukraine has taken to Twitter to ask Elon Musk to send it ventilators after the billionaire chief executive of Tesla Inc offered to ship them across the world during the coronavirus pa...
Apr 02, 2020
Aerospace suppliers face bailout dilemma over job cuts
By Allison Lampert and Tracy Rucinski MONTREAL/CHICAGO (Reuters) - Aerospace suppliers are drawing up plans to lay off workers as coronavirus quarantines cripple their cash balances - but bailout cond...
Apr 02, 2020
Lights, camera, audit: accountants grapple with remote company check-ups
By Huw Jones LONDON (Reuters) - As audit season begins for British companies, some auditors stuck at home in coronavirus lockdown are turning to cameras to check clients' inventories, plant and equipm...
Apr 02, 2020
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