Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
U.S. business inventories slip in January
WASHINGTON (Reuters) - U.S. business inventories fell as expected in January, suggesting that any lift to gross domestic product in the first quarter from a shrinking trade deficit was likely to be of...
Mar 17, 2020
GM employee at Cole Engineering Center tests positive for coronavirus
(Reuters) - General Motors Co said on Tuesday an employee at its Cole Engineering Center in Warren tested positive for coronavirus. GM said its medical team is working to speak with co-workers who may...
Mar 17, 2020
Exclusive: Amazon stops receiving non-essential products from sellers amid coronavirus outbreak
By Krystal Hu NEW YORK (Reuters) - Amazon.com Inc is suspending sellers from sending non-essential products to its U.S. and U.K. warehouses until April 5 in the latest move to free up inventory space ...
Mar 17, 2020
McDonald’s considering deferring rent for franchisees amid virus outbreak
(Reuters) - McDonald's Corp is considering rent deferral and other measures to ensure liquidity at its franchisees around the world, amid curbs on dine-in restaurants to contain the spread of the coro...
Mar 17, 2020
VW to start using high-nickel batteries for electric car
FRANKFURT (Reuters) - Volkswagen will raise the amount of nickel used in it electric car battery cells to 80% in the next year from 65% at present, Frank Blome, head of battery cells at the carmaker s...
Mar 17, 2020
StanChart expects record fall in global oil demand in 2020
(Reuters) - Standard Chartered on Tuesday said it expects global oil demand to decline by a record amount in 2020 citing the rapidly spreading coronavirus and the travel restrictions imposed to contai...
Mar 17, 2020
U.S. retail sales fall broadly in February
By Lucia Mutikani WASHINGTON (Reuters) - U.S. retail sales fell by the most in more than a year in February and the coronavirus outbreak is expected to depress sales in the months ahead, which could s...
Mar 17, 2020
Facebook to award $100 million in grants, ad credits to small businesses
WASHINGTON (Reuters) - Facebook Inc said Tuesday it plans to award $100 million in cash grants and ad credits for up to 30,000 small businesses in over 30 countries to address the economic impact of t...
Mar 17, 2020
Fiat Chrysler’s only open Italian plant running at reduced capacity
MILAN (Reuters) - Fiat Chrysler (FCA) has resumed limited production at its Atessa facility in Italy, the automaker's only open assembly plant, having halted operations at most of its European factori...
Mar 17, 2020
Trump administration to seek $850 billion to stem virus’ economic fallout: report
WASHINGTON (Reuters) - The Trump administration plans is seeking a $850 billion stimulus package aimed at buffering the economy against fallout from coronavirus, the Washington Post reported on Tuesda...
Mar 17, 2020
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