Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
U.S. Treasury to tap Wall Street advisory firms on airline aid: WSJ
(Reuters) - The U.S. Treasury Department plans to hire PJT Partners Inc , Moelis & Co and Perella Weinberg Partners to advise on the airline portion of Washington's $2 trillion stimulus bill, the Wall...
Apr 01, 2020
Analysts cut Asian firms’ 2020 profit forecasts sharply on coronavirus worries
(Reuters) - Analysts are cutting Asian companies' 2020 earnings forecasts sharply on concerns that factory shutdowns and social distancing measures to combat the spread of coronavirus will hurt corpor...
Apr 01, 2020
Exclusive: U.S. officials agree on new ways to control high tech exports to China – sources
By Karen Freifeld and Alexandra Alper NEW YORK/WASHINGTON (Reuters) - The Trump administration is tightening rules to prevent China from obtaining advanced U.S. technology for commercial purposes and ...
Apr 01, 2020
Asian stocks slip as global recession looms
By Tom Westbrook and Herbert Lash SYDNEY/NEW YORK (Reuters) - Asian equity markets and crude oil looked set for further losses on Thursday, after a dire warning about the U.S. coronavirus death toll a...
Apr 01, 2020
U.S. crude oil futures up 4.8%, support at $20
By Sonali Paul MELBOURNE (Reuters) - U.S. crude oil futures opened 5% higher on Thursday, reversing Wednesday's losses, despite growing concerns about a looming economic depression due to the coronavi...
Apr 01, 2020
Banks wary of liquidity extend expensive, shorter-dated credit to GE
By Michelle Sierra NEW YORK (LPC) - General Electric Co is asking its lenders to replace US$20bn in revolving loans with a new debt package that will come with a smaller size and shorter maturities, s...
Apr 01, 2020
British Airways expected to suspend 36,000 staff: BBC
(Reuters) - IAG-owned British Airways is expected to announce suspension of about 36,000 of its employees, BBC News reported on Wednesday. The airline has reached a broad deal with Unite union that wi...
Apr 01, 2020
Apple will stop taking cut of some Amazon video purchases on App Store
(Reuters) - Apple Inc said on Wednesday it would stop taking a cut of some sales for "qualifying" streaming video services on iPhones and other Apple devices, including Amazon.com's Prime Video. To ma...
Apr 01, 2020
Elon Musk’s SpaceX bans Zoom over privacy concerns: memo
By Munsif Vengattil and Joey Roulette (Reuters) - Elon Musk's rocket company SpaceX has banned its employees from using video conferencing app Zoom, citing "significant privacy and security concerns,"...
Apr 01, 2020
U.S. sues to force Altria to unwind investment in JUUL
WASHINGTON (Reuters) - The U.S. Federal Trade Commission said on Wednesday that it had filed a complaint aimed at forcing Altria Group to sell its $12.8 billion investment in e-cigarette maker JUUL. (...
Apr 01, 2020
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