Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
American Airlines to apply for up to $12 billion in government aid: memo
CHICAGO (Reuters) - American Airlines Holdings Inc intends to apply for up to $12 billion government aid, ensuring no involuntary layoffs or pay cuts in the next six months, executives said in a memo ...
Mar 30, 2020
KFC owner Yum Brands breaks junk debt market’s fast
By Joshua Franklin (Reuters) - Yum Brands Inc , owner of Pizza Hut, KFC and Taco Bell restaurant chains, sold $600 million in bonds on Monday, reopening the U.S. market for junk-rated debt issues afte...
Mar 30, 2020
LendingClub cuts approval rates for high-risk borrowers as coronavirus spreads
(Reuters) - LendingClub Corp on Monday cut loan approval rates for some high-risk borrowers and increased income and employment verification requirements, in a sign that alternative lenders could pull...
Mar 30, 2020
Airbnb to pay out $250 million to hosts to help ease coronavirus cancellation pain
(Reuters) - Airbnb said on Monday it was allocating $250 million to help offset losses by hosts around the world whose guests have canceled bookings in the face of the coronavirus pandemic, following ...
Mar 30, 2020
U.S. grocers add plexiglass sneeze guards to protect cashiers from coronavirus
By Lisa Baertlein LOS ANGELES (Reuters) - Kroger Co, Walmart Inc, Albertsons and other grocery sellers are installing plexiglass partitions at checkout counters to protect cashiers from the highly con...
Mar 30, 2020
Credit Suisse weighs curbing bonuses at time of coronavirus: CEO
ZURICH (Reuters) - Credit Suisse bank could restrain 2020 bonuses in a show of unity with victims of the coronavirus epidemic in Switzerland, Chief Executive Thomas Gottstein said on Monday. In three ...
Mar 30, 2020
Visa transaction volumes hurt as coronavirus crisis deepens
(Reuters) - Visa Inc said on Monday its transaction volumes had been hit as the coronavirus pandemic wreaks havoc on consumer spending, leading it to forecast mid-single-digit percentage revenue growt...
Mar 30, 2020
Prophet Capital to dissolve hedge fund following market volatility
By Lawrence Delevingne BOSTON (Reuters) - Prophet Capital Asset Management LP, an investor in loans and structured credit securities, plans to temporarily block investors from removing their money fro...
Mar 30, 2020
Coronavirus could force GM to delay its redesigned 2021 SUVs
By Paul Lienert DETROIT (Reuters) - General Motors Co told suppliers on Monday that it is postponing work on at least half a dozen future models to conserve cash during the coronavirus pandemic and co...
Mar 30, 2020
Fiat Chrysler executives, salaried employees to take pay cuts during coronavirus pandemic
(Reuters) - Fiat Chrysler Automobiles NV's top executives and salaried workers around the globe will take pay cuts in an act of "shared sacrifice" brought on by the coronavirus pandemic that has shutt...
Mar 30, 2020
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