Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
L Brands temporarily closes stores, draws down $950 million from existing credit line
(Reuters) - L Brands Inc said on Tuesday it would temporarily close all its stores, including those of Bath & Body Works and Victoria's Secret, in the United States and Canada through March 29 and tha...
Mar 17, 2020
China’s JD.com to buy back $2 billion shares amid coronavirus fears
(Reuters) - China's e-commerce company JD.com Inc said on Tuesday it would buy back up to $2 billion of its shares as the coronavirus outbreak grows bigger. JD said it expects to fund the buyback, whi...
Mar 17, 2020
Exclusive: Airbus signals government help needed if crisis lasts months – sources
FRANKFURT/BERLIN (Reuters) - Europe's Airbus has signaled that some government support may be needed if the coronavirus crisis lasts for several months, two people familiar with the matter said. The p...
Mar 17, 2020
Coronavirus pushes China to show mercy rather than pursue companies in court
By Gabriel Crossley BEIJING (Reuters) - Fearful of causing further harm to an economy laid low by the coronavirus epidemic, authorities in China have become a lot more lenient dealing with entrepreneu...
Mar 17, 2020
Audi’s Hungarian plant to halt production on Monday
BUDAPEST (Reuters) - Volkswagen Group's Audi brand will halt output at its plant in Hungary on Monday, the factory said, after Volkswagen announced a suspension of production at plants in Italy, Portu...
Mar 17, 2020
Lufthansa preparing ‘air bridge’ to supply Germany through epidemic
BERLIN (Reuters) - Germany's largest airline, Lufthansa , is working with the government to prepare an "air bridge" to ensure that necessary goods would continue to arrive in Germany during the corona...
Mar 17, 2020
Surging borrowing costs, vanishing buyers: more pain ahead for European junk bonds
By Yoruk Bahceli LONDON (Reuters) - Borrowing costs for junk-rated European companies have nearly tripled in less than a month, and with the market for new debt issuance shuttered, there could be a lo...
Mar 17, 2020
Volkswagen starts shutting down production in Europe in face of coronavirus
FRANKFURT (Reuters) - Volkswagen Group will suspend production this week at plants in Italy, Portugal, Slovakia and Spain and is preparing to shut down the rest of its factories across Europe due to t...
Mar 17, 2020
Futures fall again after Wall Street’s historic slump
By Medha Singh (Reuters) - U.S. stock index futures were lower on Tuesday following Wall Street's steepest fall since 1987 in the previous session, as rising business disruptions in an effort to conta...
Mar 17, 2020
Volkswagen expects 4.1 billion euros more in diesel-related costs by 2021
FRANKFURT (Reuters) - Volkswagen said its diesel cheating scandal has cost it 31.3 billion euros ($34.69 bln) in fines and settlements, and the German carmaker expects costs to rise by another 4.1 bil...
Mar 17, 2020
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