Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Fed’s Powell says economy’s path ahead likely to be challenging
By Lindsay Dunsmuir WASHINGTON (Reuters) - The U.S. economic recovery from the novel coronavirus epidemic is set to be challenging and there will be no quick fix, Federal Reserve Chair Jerome Powell s...
Jun 19, 2020
Aeromexico shares fall 6.6% after newspaper column suggests bankruptcy preparations
MEXICO CITY (Reuters) - Shares in Aeromexico fell 6.6% on Friday after a newspaper column claimed the Mexican airline was preparing to file Chapter 11 bankruptcy protection in the United States. Aerom...
Jun 19, 2020
Wall Street Week Ahead: Healthcare to get growth bump in COVID-19 influenced Russell remake
By Chuck Mikolajczak NEW YORK (Reuters) - The U.S. healthcare sector looks set for a bulked up profile in growth indexes when FTSE Russell reconstitutes its stock indexes late next Friday, an annual e...
Jun 19, 2020
Gucci hikes handbag prices to curb coronavirus hit, says analyst
MILAN (Reuters) - Gucci has raised the price of handbags by up to 9%, joining rivals Louis Vuitton and Chanel in a bet their brands will still lure the wealthy, a Jefferies report said on Friday, as t...
Jun 19, 2020
Apple to shut some U.S. stores again due to spike in COVID-19 cases: Bloomberg News
(Reuters) - Apple Inc will shut some stores again in Florida, Arizona, South Carolina, and North Carolina in the United States due to a spike in novel coronavirus cases, Bloomberg News reported on Fri...
Jun 19, 2020
Irish airline Aer Lingus to cut 500 jobs
DUBLIN (Reuters) - Irish airline Aer Lingus, part of Anglo-Spanish group IAG, plans to cut up to 500 jobs as a result of groundings related to the COVID-19 pandemic, the airline announced on Friday. "...
Jun 19, 2020
Federal Reserve to set bank capital levels via pre-pandemic stress test model: Quarles
WASHINGTON (Reuters) - The U.S. Federal Reserve will still rely on a stress test built before the onset of the coronavirus pandemic to set big bank capital requirements, and rely on extra pandemic-spe...
Jun 19, 2020
Alitalia says it is charged higher fees by airports than foreign rivals
MILAN (Reuters) - Alitalia [CAITLA.UL] said on Friday it was being charged higher fees by airports in Italy than its foreign competitors, and the practice was hampering its recovery as the sector emer...
Jun 19, 2020
Glencore’s South African venture with Merafe starts job cuts process
JOHANNESBURG (Reuters) - A joint venture in South Africa with commodities giant Glencore on Friday began consulting employees on possible job cuts because of the weak economic environment, it said. Th...
Jun 19, 2020
Argentina, creditors dance around debt deal as temperature rises
By Adam Jourdan, Marc Jones and Rodrigo Campos BUENOS AIRES/LONDON/NEW YORK (Reuters) - Argentina's debt deal is hanging in the balance with creditors and the government at an impasse, though most ana...
Jun 19, 2020
