Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Unions see jobs threat as Airbus scraps bid to build engine parts
By Johanna Decorse and Tim Hepher TOULOUSE/PARIS (Reuters) - French unions and a regional body slammed a decision by Airbus to cancel plans to bring some engine work in-house on Tuesday, saying it wou...
Jun 23, 2020
Wall Street likely to cut bonuses 15-20%, make significant layoffs: report
By Elizabeth Dilts Marshall NEW YORK (Reuters) - Wall Street is likely to cut bonuses this year by 15-20% and make significant layoffs, according to a report published Tuesday by compensation consulti...
Jun 23, 2020
U.S. probing tire imports from South Korea, Thailand, Taiwan, Vietnam
WASHINGTON (Reuters) - The U.S. Commerce Department said on Tuesday it had opened investigations of imports of vehicle tires from South Korea, Taiwan, Thailand and Vietnam to determine whether they ar...
Jun 23, 2020
Spirit AeroSystems shares fall, company holds talks with Boeing on 737 MAX
By Eric M. Johnson SEATTLE (Reuters) - Shares in Spirit AeroSystems Holdings Inc tumbled 13% on Tuesday after the key Boeing Co supplier warned it was seeking relief from its lenders due to Boeing's m...
Jun 23, 2020
Dell considering spinning off VMware stake: WSJ
(Reuters) - Dell Technologies Inc is considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc , the Wall Street Journal reported on Tuesday. Dell is also exp...
Jun 23, 2020
Justice Dept, state AGs to meet Friday on Google antitrust probe: source
WASHINGTON (Reuters) - U.S. Justice Department officials and some state attorneys general are set to meet on Friday to discuss ongoing antitrust probes into Alphabet Inc's Google unit, a person briefe...
Jun 23, 2020
PIMCO CEO sees investment opportunities in distressed credit
By Kate Duguid NEW YORK (Reuters) - The damage done to the U.S. economy by the coronavirus pandemic will create opportunities for investors in distressed credit, PIMCO Chief Executive Emmanuel Roman s...
Jun 23, 2020
ValueAct’s founder Ubben retires from firm, starts new venture
By Svea Herbst-Bayliss BOSTON (Reuters) - Investor Jeffrey Ubben, who grew ValueAct Capital into one of the world's most powerful activist hedge funds, is retiring from the firm and will start anew wi...
Jun 23, 2020
Mnuchin says U.S.-China decoupling will occur if firms can’t compete fairly
WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Tuesday that a decoupling of the U.S. and Chinese economies will begin to occur if U.S. companies are not allowed to compete on a ...
Jun 23, 2020
Virus fallout forces U.S. cities to cut budgets, projects: survey
CHICAGO (Reuters) - U.S. cities are laying off workers, shelving infrastructure projects and delaying or canceling equipment purchases as the economic fallout from the cornonavirus outbreak ravages th...
Jun 23, 2020
