Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
T-Mobile completes merger with Sprint
(Reuters) - T-Mobile US Inc said on Wednesday it officially completed the merger with Sprint Corp and the combined company will now operate under the T-Mobile name. A U.S. federal judge approved the d...
Apr 01, 2020
Airlines facing what official calls ‘deepest crisis ever’
By Reade Levinson LONDON (Reuters) - As the novel coronavirus continues to spread, commercial flights have all but stopped. The situation is so dire that the head of the trade group representing the w...
Apr 01, 2020
Fiat Chrysler U.S. auto sales fall 10% on coronavirus hit
(Reuters) - Fiat Chrysler Automobiles NV on Wednesday posted a 10% drop in first-quarter auto sales in the United States, as the fast-spreading coronavirus outbreak hurt demand and halted production f...
Apr 01, 2020
Deutsche Bank mulls waiving 2020 management bonuses due to coronavirus: source
FRANKFURT (Reuters) - Deutsche Bank is discussing whether it will waive bonuses for its management board in 2020 due to the fallout from the coronavirus crisis, a person with knowledge of the matter s...
Apr 01, 2020
Whiting begins Chapter 11 bankruptcy proceeding as oil prices hover at $20
(Reuters) - Whiting Petroleum Corp said on Wednesday it had started Chapter 11 bankruptcy proceeding amid a rout in crude oil prices that has seen fuel plunge to 18-year lows. The company has more tha...
Apr 01, 2020
Income funds sift for survivors as coronavirus cuts into dividends
By Simon Jessop, Milla Nissi and Sarah Morland LONDON/GDANSK (Reuters) - As companies cut dividends in response to the financial havoc caused by the coronavirus, fund managers whose portfolios rely on...
Apr 01, 2020
Adidas apologises for deferring store rent, will pay up
BERLIN (Reuters) - German sportswear maker Adidas apologised on Wednesday for saying it would stop paying rent for stores forced to close by coronavirus lockdowns after a storm of criticism, saying it...
Apr 01, 2020
Italy’s UniCredit close to accord with unions on planned job cuts: sources
MILAN (Reuters) - Italy's top bank UniCredit is close to an accord with unions after negotiations on up to 6,000 job cuts under a new four-year business plan unveiled in December, two sources familiar...
Apr 01, 2020
U.S. private payrolls post first decline since 2017
WASHINGTON (Reuters) - U.S. private payrolls dropped in March for the first time since 2017, likely as businesses shut down in compliance with strict measures by authorities to contain the coronavirus...
Apr 01, 2020
Swiss gear up to expand emergency liquidity program
By Brenna Hughes Neghaiwi ZURICH (Reuters) - Switzerland is preparing to expand an emergency liquidity program for coronavirus-hit businesses, the government said on Wednesday, as banks have already l...
Apr 01, 2020
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