Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Unilever Brazil laundry franchise deal may presage new business push
By Aluisio Alves SAO PAULO (Reuters) - Unilever Plc said on Friday it is buying a chain of laundromats in Brazil to be renamed Omo, after the world's No. 2 laundry detergent, in what the consumer good...
Jun 19, 2020
Volkswagen in talks with rivals on making operating system for car of the future
FRANKFURT (Reuters) - Volkswagen is in talks with rival carmakers about developing an operating system for the car of the future, Christian Senger, its board member responsible for digital services an...
Jun 19, 2020
Venezuela’s rival presidents prepare to battle over gold in London vaults
By Angus Berwick and Mayela Armas LONDON/CARACAS (Reuters) - In the vaults beneath the Bank of England, where foreign nations stash parts of their vast gold reserves, lie 1.7 billion euros ($1.9 billi...
Jun 19, 2020
China to revamp benchmark equity index, STAR as pursues growth
By Luoyan Liu and Andrew Galbraith SHANGHAI (Reuters) - China will revamp its benchmark equity index by introducing more high-tech strength and removing loss-making companies, as it turns to its capit...
Jun 19, 2020
Luckin Coffee audit committee member resigns less than three months into job
(Reuters) - An independent director and member of Luckin Coffee Inc's audit committee has resigned, the embattled coffee chain said on Friday, less than three months after his appointment. Luckin, whi...
Jun 19, 2020
Enel to launch hydrogen business as part of green drive
MILAN (Reuters) - Europe's biggest utility Enel is set to launch a green hydrogen business next year to speed up its plans to become a carbon-free power producer by 2050. The group is targeting market...
Jun 19, 2020
D.Telekom: we will keep control of T-Mobile if Softbank sells shares
BERLIN (Reuters) - Deutsche Telekom is in talks to buy out shares in its U.S. unit T-Mobile from Japan's Softbank , CEO Tim Hoettges said on Friday, noting that under a shareholder agreement it has th...
Jun 19, 2020
Dutch Tata Steel workers halt production at IJmuiden
AMSTERDAM (Reuters) - Employees at Tata Steel's Dutch factory in IJmuiden halted production for at least 24 hours on Friday, as they continued to protest about planned job cuts at the site. Employees ...
Jun 19, 2020
China approves AIA application to convert mainland branches into life insurance unit
BEIJING (Reuters) - China's banking and insurance regulator said on Friday that it had approved an application by insurer AIA Group Ltd to convert all its branches in mainland China into a wholly-owne...
Jun 19, 2020
BMW to lay off 10,000 contract workers: source
MUNICH (Reuters) - BMW will not extend the contracts of 10,000 contract workers, a company source told Reuters on Friday, as the German luxury carmaker seeks to reduce its capacity due to the coronavi...
Jun 19, 2020
