Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Airline bailouts? Cash handouts? Debate deepens on inoculating economy against coronavirus
By Andrea Shalal WASHINGTON (Reuters) - The United States and other rich countries need to start spending their way out of the coronavirus crisis, White House advisers, the International Monetary Fund...
Mar 16, 2020
U.S. shale oil output to rise to record 9.08 million barrels per day in April – EIA
NEW YORK (Reuters) - U.S. oil output growth from the Permian basin is expected to offset declines in every other shale formation in April, helping push overall production up by about 18,000 barrels pe...
Mar 16, 2020
Exclusive: U.S. airports seek $10 billion in government assistance over travel demand collapse – sources
WASHINGTON (Reuters) - U..S. airports are seeking $10 billion in U.S. government assistance to help offset losses incurred by the sharp drop in travel due to coronavirus, two people briefed on the mat...
Mar 16, 2020
U.S. airlines urgently need $50 billion in grants, loans – letter
WASHINGTON (Reuters) - A group representing major U.S. airlines said the industry needs $50 billion in grants and loans to survive the dramatic falloff in travel demand from the coronavirus outbreak. ...
Mar 16, 2020
Powell’s whatever-it-takes pledge puts limits of Fed’s reach in spotlight
By Lindsay Dunsmuir WASHINGTON (Reuters) - Federal Reserve Chair Jerome Powell's message in announcing a barrage of monetary policy and liquidity actions was clear: The U.S. central bank will use all ...
Mar 16, 2020
LATAM Airlines to cancel 90% of its international flights
SAO PAULO (Reuters) - LATAM Airlines Group, the continent's largest carrier, said on Monday it is canceling 90% of its international flights, in light of the coronavirus outbreak. The airline said pas...
Mar 16, 2020
Exclusive: Airbus eyes contingency plan to slow or halt output – sources
PARIS (Reuters) - Airbus has drawn up contingency plans to slow or stop production if France is placed under a further lockdown due to coronavirus, two people familiar with the matter said. The plans,...
Mar 16, 2020
Uber Eats waives off delivery fee for independent restaurants amid virus outbreak
(Reuters) - Uber Technologies Inc's food delivery business, Uber Eats, said on Monday it would waive off delivery fee for independent restaurants across the United States and Canada. Uber Eats is the ...
Mar 16, 2020
Some European banks shut branches to limit coronavirus spread
By Hans Seidenstuecker and Sinead Cruise FRANKFURT/LONDON (Reuters) - Two of Germany's largest banks have temporarily shut hundreds of branches, while Italian lenders have shortened opening hours as t...
Mar 16, 2020
Coronavirus: First test of a U.S. financial system 10 years in repair
By Howard Schneider WASHINGTON (Reuters) - A health emergency dismissed at first as a fleeting risk to the U.S. economy has turned into a full-on test of whether a decade of planning, regulation, rese...
Mar 16, 2020
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