Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Dollar climbs down as panic subsides, on course for biggest loss in decade
By Hideyuki Sano TOKYO (Reuters) - The dollar is on track for its biggest weekly fall in more than a decade on Friday as a series of stimulus steps around the world, including a $2.2 trillion U.S. pac...
Mar 26, 2020
U.S. egg prices hit record levels as pandemic buying boosts demand
By Andrea Shalal WASHINGTON (Reuters) - Increased demand for eggs in the United States has sent egg prices soaring in recent weeks as consumers scramble to stock up on staples due to coronavirus shutd...
Mar 26, 2020
Singapore Airlines secures $13 billion to survive coronavirus and grow after
By Anshuman Daga and Jamie Freed SINGAPORE/SYDNEY (Reuters) - Singapore Airlines Ltd said it had secured up to S$19 billion ($13 billion) of funding to help see it through the coronavirus crisis and e...
Mar 26, 2020
Oil slump scalps Nigeria, Angola, Mexico ratings; Saudi and Russia spared
By Marc Jones LONDON (Reuters) - The plunge in oil prices took a number of high-profile sovereign rating scalps on Thursday, including Nigeria, Mexico, Angola, Ecuador and Oman, although the architect...
Mar 26, 2020
UTC, Raytheon deal wins U.S. antitrust approval, with divestitures
WASHINGTON (Reuters) - The U.S. Justice Department has approved United Technologies Corporation's planned merger with Raytheon Co , subject to conditions, the agency said on Thursday. UTC agreed in Ju...
Mar 26, 2020
Lululemon holds back forecast on virus uncertainty as results beat
(Reuters) - Lululemon Athletica Inc beat analysts' estimates for quarterly results on Thursday, lifted by strong holiday season demand, but the athletic apparel maker did not provide a full-year forec...
Mar 26, 2020
S&P downgrades Mexico sovereign rating on coronavirus fears
(Reuters) - Credit ratings agency S&P on Thursday lowered Mexico's sovereign credit rating to BBB from BBB+ due to an expected economic hit from the coronavirus pandemic and a plunge in oil prices, pi...
Mar 26, 2020
EU lawmakers back aid for virus-hit economy in remote vote
By Marine Strauss BRUSSELS (Reuters) - European Union lawmakers approved on Thursday emergency funds to cushion the bloc's economic slump triggered by the coronavirus pandemic and shore up battered ai...
Mar 26, 2020
U.S. carmakers move to shore up cash, Ford to restart some plants
By Ben Klayman and Paul Lienert DETROIT (Reuters) - The two largest U.S. automakers on Thursday announced measures to shore up their finances as the coronavirus pandemic takes a deep economic bite, wi...
Mar 26, 2020
Gap pulls forecast, suspends dividend, taps $500 million credit as coronavirus bites
(Reuters) - Gap Inc on Thursday withdrew its full-year forecast issued just two weeks ago, suspended its dividend and said it will draw down on its entire $500 million credit facility as the apparel r...
Mar 26, 2020
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