Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
U.S. pension funds may pour $400 billion into stocks, lifting virus-hit markets: JP Morgan
By Lewis Krauskopf NEW YORK (Reuters) - U.S. pension funds that delayed rebalancing their portfolios are likely to pump about $400 billion into stocks over the next two quarters, analysts at JP Morgan...
Mar 31, 2020
Macy’s to drop from S&P 500 to small-cap index
(Reuters) - Macy's Inc will be removed from the benchmark S&P 500 stock index , the S&P Dow Jones Indices said on Tuesday, as coronavirus-induced store closures compound the retail sector's struggles ...
Mar 31, 2020
Caterpillar says it will not give annual salary increases this year
CHICAGO (Reuters) - Caterpillar Inc on Tuesday said it will not hand out annual salary increases this year as part of cost cut plan to deal with the coronavirus economic fallout. The company also said...
Mar 31, 2020
Germany faces big growth hit in first half, second-half recovery possible: minister
BERLIN (Reuters) - The German economy faces a major setback in the March-May period but there is still a chance it could make up some of that lost ground in the second half of the year, Economy Minist...
Mar 31, 2020
Citi postpones 2020 investor day due to coronavirus outbreak
(Reuters) - Citigroup Inc said on Tuesday it would postpone its 2020 investor day that was scheduled to take place on May 13 due to the coronavirus pandemic. The bank said it will follow guidance from...
Mar 31, 2020
JetBlue to cut flights in and out of hometown New York by as much as 80%
CHICAGO (Reuters) - JetBlue Airways Corp plans to reduce daily flights in and out of the four New York City-area airports where it operates by as much as 80% in April as part of wider schedule cuts du...
Mar 31, 2020
Fed’s Mester says economic data could take a dark turn until virus is contained
(Reuters) - Reports measuring U.S. economic activity are likely to be "very bad" and the unemployment rate could rise above 10% because of efforts to slow the spread of the coronavirus, Cleveland Fede...
Mar 31, 2020
U.S. small-business coronavirus loans could see millions of applications: officials
WASHINGTON (Reuters) - The United States' new $350 billion small-business coronavirus rescue loan program could see millions of applications when it launches on Friday, with funds allocated on a first...
Mar 31, 2020
Honeywell borrows $6 billion to boost liquidity in coronavirus fight
(Reuters) - Honeywell International Inc said on Tuesday it had entered into a $6 billion loan agreement as it looks to bolster liquidity amidst the fast-spreading coronavirus pandemic. (Reporting by N...
Mar 31, 2020
Bank of England says top banks should not pay bonuses
LONDON (Reuters) - The Bank of England welcomed moves by Britain's biggest banks to suspend dividends and said it also expects them not to pay cash bonuses to senior staff during the coronavirus epide...
Mar 31, 2020
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