Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Chanel warns virus impact will linger on luxury sector
MILAN/PARIS (Reuters) - The luxury industry will feel the fallout from the coronavirus crisis for the next two years if not longer, Chanel's chief financial officer said on Thursday, warning the Frenc...
Jun 18, 2020
World’s ultra-wealthy go for gold amid stimulus bonanza
By Brenna Hughes Neghaiwi and Simon Jessop ZURICH/LONDON (Reuters) - As stock markets roar back from the coronavirus-led rout, advisers to the world's wealthy are urging them to hold more gold, questi...
Jun 18, 2020
Activist investor Snow Park calls on Front Yard to liquidate: letter
By Svea Herbst-Bayliss BOSTON (Reuters) - Activist investor Snow Park Capital Partners is urging Front Yard Residential Corporation's board to liquidate the real estate company, arguing this is the be...
Jun 18, 2020
India tells two state firms not to use China telecoms gear, source says
By Sankalp Phartiyal NEW DELHI (Reuters) - India has told two state-run telecoms firms to use locally-made rather than Chinese telecom equipment to upgrade their mobile networks to 4G, a senior govern...
Jun 18, 2020
Kroger expects to top 2020 outlook, beats estimates for profit, sales
(Reuters) - Kroger Co said it expects to exceed its 2020 outlook for same-store sales and profit after beating Wall Street expectations for quarterly results on Thursday, as the U.S. supermarket chain...
Jun 18, 2020
Wells Fargo investment adviser to sell feeder fund platform to iCapital
(Reuters) - Wells Fargo & Co said on Thursday its investment adviser Wells Fargo Investment Institute will sell its feeder fund platform to fintech firm iCapital Network for an undisclosed amount. The...
Jun 18, 2020
COFCO President Yu Xubo moves to head China General Technology
BEIJING (Reuters) - The president of COFCO, China's top state grains trader, Yu Xubo, has left the company to head China General Technology Group, according to two sources and a company notice. Yu has...
Jun 18, 2020
Russian supplier of titanium for Boeing and Airbus may suspend output in September
MOSCOW (Reuters) - VSMPO-Avisma , one of the world's largest producers of titanium for Boeing and Airbus , is considering temporary suspension of production in September if business does not improve, ...
Jun 18, 2020
India to launch new rural job programme for migrants
NEW DELHI (Reuters) - India will launch a new rural jobs programme on Saturday to alleviate the distress of hundreds and thousand of migrants who have lost their jobs and returned to their villages du...
Jun 18, 2020
Britain approves spending of 3.5 billion pounds on railway bailout
LONDON (Reuters) - Britain has so far approved spending of 3.5 billion pounds ($4.38 billion) to keep its railways running during the coronavirus pandemic, the government said on Thursday. Under emerg...
Jun 18, 2020
