Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
IKEA closes all U.S. stores, China back up except for Wuhan store
STOCKHOLM (Reuters) - IKEA, the world's biggest furniture brand, is temporarily closing more stores as the coronavirus spreads, including all 50 in its second-biggest market the United States. Ingka G...
Mar 18, 2020
BAT says no material impact yet from COVID-19 outbreak
(Reuters) - British American Tobacco , the world's No.2 tobacco maker, said on Wednesday it has not yet seen a material impact from the COVID-19 outbreak, despite having to postpone certain launches d...
Mar 18, 2020
Rolls-Royce motor cars suspend production in UK over coronavirus
LONDON (Reuters) - Rolls-Royce motor cars said it would suspend production at its British plant for two weeks to ensure the health of its employees. "Rolls-Royce Motor Cars announced today that produc...
Mar 18, 2020
EasyJet launches winter sale in coronavirus rebooking push
PARIS (Reuters) - EasyJet launched an early sale on cut-price winter 2020-21 flights, even as the airline industry heads into a deepening coronavirus crisis that threatens to ground most of the Britis...
Mar 18, 2020
Chinese EV maker Nio raises going concern doubts
(Reuters) - Cash-strapped Chinese electric vehicle (EV) maker Nio Inc said on Wednesday there was substantial doubt in its ability to continue as a going concern. The carmaker has been hurt by dwindli...
Mar 18, 2020
Japan’s Sharp sues Tesla for patent infringement over network gear: source
TOKYO (Reuters) - Sharp Corp has filed a patent infringement lawsuit against the Japanese unit of Tesla Inc , seeking an injunction to halt imports of some electric vehicles (EV) to Japan, a source fa...
Mar 18, 2020
Israel’s Hapoalim will pay $870 million to end U.S. tax probe
JERUSALEM (Reuters) - Israel's biggest bank, Hapoalim, said on Wednesday it expects to pay $870 million to settle a U.S. tax evasion investigation. The bank said in a regulatory filing it will increas...
Mar 18, 2020
Impact of virus turmoil would hit Deutsche Bank later this year, not in first-quarter: executive
FRANKFURT (Reuters) - The impact of the current turmoil related to the coronavirus is more likely to affect Deutsche Bank later this year rather than in the first quarter, an executive said on Wednesd...
Mar 18, 2020
Chairman of Santander’s Portuguese unit dies from coronavirus
LISBON/MADRID (Reuters) - The chairman of the Portuguese unit of Spain's largest bank, Santander, Antonio Vieira Monteiro, died from the coronavirus on Wednesday, the second victim of the disease in P...
Mar 18, 2020
Japan’s MUFG takes big loss on loan to Glencore-led coal port: sources
By Paulina Duran SYDNEY (Reuters) - Mitsubishi UFJ Financial Group (MUFG) sold off its $85 million loan to Glencore's Wiggins Island Coal Export Terminal (WICET) in Australia to a hedge fund on Wednes...
Mar 18, 2020
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