Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Nordstrom joins Macy’s in suspending dividend amid coronavirus
(Reuters) - Nordstrom Inc said on Monday it would suspend its quarterly cash dividend and share repurchases as it looks to weather the impact from the coronavirus pandemic. The upscale department stor...
Mar 23, 2020
Coronavirus drags car dealers into digital commerce
By Tina Bellon and Ben Klayman NEW YORK/DETROIT (Reuters) - Auto retailers have been slow to embrace e-commerce, but the coronavirus pandemic is changing that. Online traffic has risen even as in-pers...
Mar 23, 2020
Fed’s big move could help U.S. Treasury liquidity, but effects may not last long
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - The Federal Reserve's unparalleled steps to directly backstop the U.S. economy and its willingness to purchase vast sums of U.S. government debt, mortg...
Mar 23, 2020
At Alibaba’s Lazada, coronavirus measures become the latest culture conflict
By Keith Zhai and Fanny Potkin SINGAPORE (Reuters) - At Lazada, the Southeast Asian arm of Alibaba Group Holding, staff are furious over demands they submit health reports daily and other coronavirus-...
Mar 23, 2020
Trump says won’t allow long-lasting damage to economy from virus
WASHINGTON (Reuters) - U.S. President Donald Trump said on Monday he will not allow the coronavirus to do long-lasting damage to the U.S. economy and that he would consider how to move forward after a...
Mar 23, 2020
Japan government to offer bleakest economic assessment in nearly seven years: Nikkei
TOKYO (Reuters) - Japan's government is expected to offer its bleakest economic assessment in nearly seven years in March as the coronavirus outbreak cools private consumption and business sentiment, ...
Mar 23, 2020
Virus had ‘eye-popping’ impact on China’s economy: Beige Book
BEIJING (Reuters) - China's economy suffered through an "eye-popping" first quarter as a coronavirus epidemic hammered business activity, with deterioration even as firms were supposed to be going bac...
Mar 23, 2020
Mexican referendum rejects U.S. Modelo brewer in new investment blow
MEXICO CITY (Reuters) - The Mexican government said on Monday that local residents voted by about 76% to reject the completion of a more than $1 billion brewery under construction by Constellation Bra...
Mar 23, 2020
Tipping goes virtual as coronavirus decimates U.S. restaurant jobs
By Raphael Satter WASHINGTON (Reuters) - As restaurants and bars across the United States shut their doors and lay off their staff in the wake of the coronavirus outbreak, America's famed service cult...
Mar 23, 2020
What’s in the nearly $2 trillion U.S. Senate coronavirus stimulus
WASHINGTON (Reuters) - The U.S. Senate on Monday was negotiating a nearly $2 trillion emergency bill that aims to stem some of the economic toll of the coronavirus pandemic. The talks remain fluid aft...
Mar 23, 2020
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