Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
GM extends North American shutdown, does not set restart date
WASHINGTON (Reuters) - General Motors Co said Thursday it will extend a shutdown of its North American plants beyond March 30, but added it does not know when it will restart operations. In an email t...
Mar 26, 2020
Fed balance sheet tops $5 trillion for first time as it enters coronavirus war mode
(Reuters) - The U.S. Federal Reserve's balance sheet rocketed past $5 trillion in assets for the first time this week as it scooped up bonds and extended loans to banks, mutual funds and other central...
Mar 26, 2020
Petrobras’ divestment push in Brazil challenged by oil price war
By Gram Slattery RIO DE JANEIRO (Reuters) - A move by Brazil's Petrobras on Thursday to slash output, capital spending and dividends brings the state-run oil firm into alignment with global rivals con...
Mar 26, 2020
U.S. banks borrow at discount window after Fed offers stigma relief
By David Henry NEW YORK (Reuters) - With encouragement from the Federal Reserve, U.S. banks have turned to a long-shunned lending facility known as the discount window to borrow $50.8 billion, accordi...
Mar 26, 2020
U.S. home healthcare industry warns of possible ‘collapse’
By Michael Berens CHICAGO (Reuters) - Home healthcare providers, the lifelines to 12 million vulnerable Americans, are scrambling to decide how to serve patients who show symptoms of coronavirus -- an...
Mar 26, 2020
To avoid a repeat of 2008, Main Street America says help needs to be fast
By Howard Schneider, Ann Saphir and Timothy Aeppel (Reuters) - Two weeks. Maybe a month. Small businesses in the United States say promised help from the federal government and the Federal Reserve is ...
Mar 26, 2020
Putin, at G20 summit, proposes lifting sanctions on essential goods amid coronavirus
MOSCOW (Reuters) - Russian President Vladimir Putin told the G20 video-summit on Thursday that participating countries need a common plan to support their economies amid the coronavirus outbreak and h...
Mar 26, 2020
Exclusive: Ross Stores tells vendors it will cancel merchandise orders through mid-June
By Melissa Fares (Reuters) - Ross Stores Inc said in a letter to vendors on Thursday it would cancel all merchandise purchase orders through June 18 due to the impact the coronavirus has had on its bu...
Mar 26, 2020
Singapore Airlines taps investors for up to $10.5 billion amid coronavirus shock
By Anshuman Daga SINGAPORE (Reuters) - Singapore Airlines (SIA) is tapping existing investors for up to S$15 billion ($10.48 billion) through the sale of shares and convertible bonds to offset the sho...
Mar 26, 2020
Online learning rockets in coronavirus pandemic, says Pearson
By Kate Holton and Paul Sandle LONDON (Reuters) - Britain's Pearson has seen an "explosion" in demand for online learning, with traffic across its platforms quadrupling as millions of children start t...
Mar 26, 2020
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