Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Best Buy executive chairman to step down
(Reuters) - Retailer Best Buy Co Inc said on Wednesday Executive Chairman Hubert Joly would step down and will not stand for re-election at the shareholder meeting on June 11. Joly, a restructuring ex...
Mar 11, 2020
Coronavirus ‘pandemic’ slams Brazil markets, stocks sink as much as 12%
By Jamie McGeever BRASILIA (Reuters) - Brazilian markets fell sharply on Wednesday, with stocks down 12% and the real sliding back toward its all-time low against the dollar after the World Health Org...
Mar 11, 2020
U.S. sporting goods retailer Modell’s files for bankruptcy protection
(Reuters) - Sporting goods retailer Modell's Sporting Goods filed for Chapter 11 protection in the U.S. bankruptcy court in New Jersey on Wednesday, citing a challenging retail environment. The privat...
Mar 11, 2020
Bankers meet with Trump, say prepared to help economy
WASHINGTON (Reuters) - Leading U.S. bank executives in a meeting with President Donald Trump at the White House said banks are strongly capitalized and prepared to help small businesses and American c...
Mar 11, 2020
U.S. again postpones high-level meeting on Huawei and China: sources
WASHINGTON (Reuters) - Trump administration officials have postponed for a second time a critical meeting originally set for Wednesday to discuss potential new U.S. restrictions on sales of technology...
Mar 11, 2020
New York Fed increases repo support to keep markets running smoothly
By Jonnelle Marte NEW YORK (Reuters) - The New York Federal Reserve announced for the second time this week that it will substantially increase the amount of liquidity it provides to overnight lending...
Mar 11, 2020
U.S. crude output growth to slow, oil prices to slump
By Scott DiSavino and Stephanie Kelly NEW YORK (Reuters) - U.S. oil production is expected to grow more slowly in 2020 and drop outright in 2021, forecasters said this week after U.S. shale producers ...
Mar 11, 2020
Blackstone asks its companies hurt by virus to tap credit lines: BBG
(Reuters) - Private equity firm Blackstone Group Inc is asking companies it controls to draw down their credit lines to avoid liquidity crunch, a Bloomberg reporter tweeted on Wednesday, citing people...
Mar 11, 2020
Amtrak says bookings plunge, is set to lose several hundred million dollars on coronavirus fears
By David Shepardson WASHINGTON (Reuters) - U.S. passenger railroad Amtrak said on Wednesday that bookings had plunged 50% since the coronavirus outbreak and that it now expected significant service re...
Mar 11, 2020
Falling oil prices increase risk to Mexico’s sovereign credit rating: Moody’s
MEXICO CITY (Reuters) - Falling oil prices increase the risks to Mexico's sovereign credit rating, ratings agency Moody's said on Wednesday, adding that the Mexican oil hedge will mitigate the impact ...
Mar 11, 2020
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