Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Nordstrom to close stores in U.S., Canada, withdraws 2020 outlook due to coronavirus
(Reuters) - Apparel retailer Nordstrom Inc on Monday withdrew its fiscal 2020 forecast and said it would close stores in the United States and Canada for two weeks due to the coronavirus pandemic. The...
Mar 16, 2020
Hyundai Motor’s China plant sales in February fall 97% from a year ago
SEOUL (Reuters) - Hyundai Motor's China domestic plant sales in February was 1,007 vehicles, company data showed on Tuesday, down 97% from 38,017 vehicles a year ago. The automaker's global auto sales...
Mar 16, 2020
Exxon pledges ‘significant’ spending cuts amid coronavirus, oil slide
By Gary McWilliams HOUSTON (Reuters) - Exxon Mobil on Monday said it will make "significant" cuts to spending in the face of the unprecedented slide in oil prices due to the global coronavirus outbrea...
Mar 16, 2020
Asian stocks fall after historic Wall Street rout
By Stanley White TOKYO (Reuters) - Most Asian shares fell on Tuesday a day after Wall Street's historic market rout, with fleeting initial gains evaporating as the coronavirus remained a major risk to...
Mar 16, 2020
Australia’s Afterpay settles with California regulator for loans issued without license
(Reuters) - Australia's buy-now-pay-later firm Afterpay Ltd will refund late fees paid by customers in California for loans, which were deemed "illegal" by the U.S. state's financial regulator, the tw...
Mar 16, 2020
Airlines, airports seek fresh ways to deal with cash crunch amid crisis
By Jamie Freed SYDNEY (Reuters) - Airlines and airport operators said they are taking steps such as suspending dividends, selling and leasing back airplanes and flying cargo on empty passenger jets as...
Mar 16, 2020
EU regulators ask companies to delay merger filings over coronavirus disruption
By Pamela Barbaglia LONDON (Reuters) - European Union regulators have asked companies seeking to complete their desired mergers to delay submitting antitrust filings due to the coronavirus outbreak. T...
Mar 16, 2020
Boeing in talks for short-term U.S. government assistance – source
WASHINGTON (Reuters) - Boeing Co is in talks with senior administration officials and congressional leaders about short-term assistance for itself and the entire aviation sector, a person familiar wit...
Mar 16, 2020
Qantas to slash 90% of international capacity as new restrictions bite
SYDNEY (Reuters) - Qantas Airways Ltd said on Tuesday it would cut its international capacity by around 90% until at least the end of May as travel demand to Australia plunges because of new restricti...
Mar 16, 2020
PG&E wins approval of $23 billion bankruptcy financing package – Bloomberg News
(Reuters) - Power producer PG&E Corp won bankruptcy court approval to use up to $23 billion in financing after California Governor Gavin Newsom dropped his opposition, Bloomberg News reported https://...
Mar 16, 2020
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