Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Bear market fears grip global shares as pandemic declared, eyes on Trump
By Hideyuki Sano TOKYO (Reuters) - Global shares were set for a rocky ride on Tuesday as investors tally the economic damage of coronavirus, a day after the U.S. Dow Jones industrials entered bear mar...
Mar 11, 2020
Fighting virus, ECB to run to Europe’s rescue. Again.
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) - The European Central Bank is all but certain to unveil new stimulus measures on Thursday, pushing policy closer to its limits to help the e...
Mar 11, 2020
CME to close Chicago trading floor on coronavirus concerns
(Reuters) - Exchange operator CME Group Inc said on Wednesday it would close its Chicago trading floor after the business hours on Friday to reduce large gatherings that can contribute to the spread o...
Mar 11, 2020
As S&P 500 selloff approaches 20%, what next?
By Noel Randewich SAN FRANCISCO (Reuters) - Fear about the coronavirus has pulled the S&P 500 down nearly 20% from its record high. So what? For many investors, Wall Street's recent deep losses are ma...
Mar 11, 2020
Cost of General Electric credit insurance rises along with coronavirus concerns
By Alwyn Scott NEW YORK (Reuters) - The cost to insure General Electric Co debt has shot up to levels last seen in 2018, possibly reflecting concern about the company's exposure to coronavirus-induced...
Mar 11, 2020
Coronavirus raises fears of U.S. auto sales slowdown, but production not suffering yet
By Ben Klayman DETROIT (Reuters) - Fears of a U.S. sales slowdown in auto showrooms due to the coronavirus outbreak that has spread globally are appearing in analysts' forecasts, but industry executiv...
Mar 11, 2020
Exclusive: Boeing to separate potentially risky 737 MAX wire bundles before jet’s return to service – sources
SEATTLE/WASHINGTON (Reuters) - Boeing Co plans to separate 737 MAX wiring bundles, flagged by regulators as potentially dangerous, before the jet returns to service, two people familiar with the matte...
Mar 11, 2020
San Francisco Fed asks all staff to work from home if they can
SAN FRANCISCO (Reuters) - The Federal Reserve Bank of San Francisco is having its staff work from home as part of efforts to slow the spread of the coronavirus. "We have teleworking capabilities in pl...
Mar 11, 2020
Explosion in forex volatility cheers some, bruises others as virus fears drive swings
By Saqib Iqbal Ahmed (Reuters) - Investors are scrambling to adjust their portfolios to a surge of volatility in foreign exchange markets, as the coronavirus outbreak and massive swings in oil prices ...
Mar 11, 2020
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
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