Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
UK’s Sunak prepares to break ‘triple lock’ state pension pledge: FT
(Reuters) - British finance minister Rishi Sunak is planning to break the Conservative Party's "triple lock" state pension pledge, the Financial Times reported https://on.ft.com/3e9TilQ, saying the Tr...
Jun 16, 2020
Fed’s Clarida says pandemic could push U.S. inflation too low
SAN FRANCISCO (Reuters) - The ongoing coronavirus crisis is dragging inflation down, Federal Reserve Vice Chair Richard Clarida warned on Tuesday, another sign that the U.S. economy may need more help...
Jun 16, 2020
Bank of Canada to provide outlook for output, inflation in July: Macklem
OTTAWA (Reuters) - Tiff Macklem, in his first public appearance as governor of the Bank of Canada, said on Tuesday that the central bank would provide an updated assessment of the outlook for output a...
Jun 16, 2020
PG&E pleads guilty to involuntary manslaughter in California wildfire deaths: report
LOS ANGELES (Reuters) - PG&E pleaded guilty on Tuesday to 84 counts of involuntary manslaughter stemming from a devastating 2018 wildfire in Northern California touched off by the utility company's do...
Jun 16, 2020
Why some black-owned U.S. businesses are hardest hit by coronavirus shutdowns
By Katanga Johnson and Jonnelle Marte WASHINGTON/NEW YORK (Reuters) - After 15 years working as a hair stylist in other people's salons, Gary Connell opened his "Healthy Hair" studio in Montgomery Cou...
Jun 16, 2020
Alpha Bank in talks with Cerberus, PIMCO to sell $11 billion of bad loans: sources
By Pamela Barbaglia and George Georgiopoulos LONDON/ATHENS (Reuters) - Greece's Alpha Bank is in talks with at least five U.S. investment firms including Cerberus and PIMCO in a fresh attempt to offlo...
Jun 16, 2020
Lufthansa shareholder Thiele raised stake to 15% -FAZ
FRANKFURT (Reuters) - German investor Heinz Hermann Thiele has raised his stake in Lufthansa , which this month agreed to a state bailout, to more than 15% from 10%, he told newspaper Frankfurter Allg...
Jun 16, 2020
AT&T plans to cut thousands of jobs, close stores: Union
(Reuters) - AT&T Inc has informed the Communications Workers of America of its plans to cut more than 3,400 technician and clerical jobs across the country over the next few weeks, the wireless carrie...
Jun 16, 2020
As ‘ground zero’ for crisis, Nevada shows need for fiscal aid: Fed’s Powell
SAN FRANCISCO (Reuters) - Even as the U.S. economy shows early signs of emergence from the coronavirus recession, the state of Nevada illustrates both why a full recovery may still be years away and w...
Jun 16, 2020
Fed officials’ GDP forecasts not likely factoring second COVID wave: Powell
(Reuters) - The economic growth projections Federal Reserve officials offered last week by and large do not factor in a potential second wave of coronavirus infections later this year, Fed Chair Jerom...
Jun 16, 2020
