Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Virgin Australia to suspend all international flying as demand plummets
SYDNEY (Reuters) - Virgin Australia Holdings Ltd said on Wednesday it would suspend all international flying from March 30 to June 14 and cut its domestic capacity in half because of government travel...
Mar 17, 2020
SoftBank backs away from part of planned WeWork bailout – WSJ
(Reuters) - SoftBank Group Corp is backing away from part of its planned bailout of WeWork, due to several regulatory investigations of the office sharing company, the Wall Street Journal reported htt...
Mar 17, 2020
U.S. regulator proposes path for non-banks to gain deposit license
By Pete Schroeder WASHINGTON (Reuters) - A U.S. banking regulator proposed a set of standards Tuesday for how it would consider special charters to allow non-banks to accept deposits and engage in oth...
Mar 17, 2020
Target reduces store hours to restock, clean amid virus outbreak
(Reuters) - Target Corp said on Tuesday it would reduce store hours for cleaning and restocking, as more consumers shop at its outlets for essentials amid the coronavirus outbreak. The retailer's stor...
Mar 17, 2020
Fed moves to backstop funding for companies as coronavirus fallout spreads
By Howard Schneider and Lindsay Dunsmuir (Reuters) - The U.S. Federal Reserve on Tuesday acted to ensure companies can continue paying workers and buying supplies through the coronavirus epidemic, as ...
Mar 17, 2020
Key U.S. business group opposes shutting U.S. stock trading, short-selling bans
WASHINGTON (Reuters) - Shutting down the U.S. stock market would be "exactly the wrong thing to do" by depriving businesses and investors of capital just when they need it the most, a U.S. Chamber of ...
Mar 17, 2020
Your Money: As U.S. unemployment claims surge, know your status
By Beth Pinsker NEW YORK (Reuters) - Applications for unemployment insurance are skyrocketing across the United States. In Ohio, the number tripled from last week through Sunday, up to 12,000, accordi...
Mar 17, 2020
FedEx suspends 2020 profit forecast due to coronavirus outbreak
(Reuters) - FedEx Corp suspended its 2020 profit outlook on Tuesday, citing uncertainty due to the coronavirus pandemic. The package delivery company's adjusted net income fell to $371 million, or $1....
Mar 17, 2020
Exclusive: Boeing seeking ‘tens of billions’ in U.S. government loan-guarantees – sources
By David Shepardson WASHINGTON (Reuters) - Boeing Co is seeking "tens of billions of dollars" in U.S. government loan-guarantees and other assistance as faces it a looming liquidity crunch from the ma...
Mar 17, 2020
Exclusive: Impossible Foods explores credit line to tackle coronavirus fallout – sources
By Anirban Sen and Joshua Franklin (Reuters) - Impossible Foods is discussing a new credit line worth several hundred million dollars with its lenders, as the plant-based meat company braces for the e...
Mar 17, 2020
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