Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
China keen to seek benefits from pandemic, distressed U.S. assets: report
By Andrea Shalal WASHINGTON (Reuters) - U.S. lawmakers and policymakers should be wary of China's moves to target vulnerable U.S. assets and expand its market share in the wake of the global economic ...
Jun 16, 2020
Canadian consumer debt inches lower for the first time in a decade
(Reuters) - Canada's quarterly consumer debt fell for the first time in more than a decade as coronavirus-driven shutdowns crimped credit card spending in March, credit monitoring company Equifax said...
Jun 16, 2020
Fines, short jail terms for four ex-ICBC Spain employees in laundering case
By Jess Aguado and Emma Pinedo MADRID (Reuters) - Four ex-employees and executives of the Industrial and Commercial Bank of China's (ICBC) Madrid branch reached a plea deal with Spanish prosecutors in...
Jun 16, 2020
Instructure names Steve Daly as new CEO
(Reuters) - U.S. educational software company Instructure Inc on Tuesday appointed Steve Daly, former chief executive officer of software firm LANDesk, as its CEO, effective July 1. (Reporting by Ayan...
Jun 16, 2020
Factbox: What changes are companies making in response to George Floyd protests?
(Reuters) - The corporate response to a wave of protests over the treatment of African-Americans has included pledges to increase diversity, donations to civil rights groups and, in some cases, change...
Jun 16, 2020
Fed Chair Powell says strong job market can reduce U.S. racial inequality
SAN FRANCISCO (Reuters) - The best way the Federal Reserve can help reduce racial inequality is to return the U.S. labor market to its pre-coronavirus strength, U.S. Fed Chair Jerome Powell said on Tu...
Jun 16, 2020
Air Canada CFO says carrier seeing improved domestic bookings
MONTREAL (Reuters) - Air Canada is seeing improved domestic bookings, but expects international flights to pick up only when the Canadian government relaxes travel restrictions introduced to curb the ...
Jun 16, 2020
Volkswagen to pay $267 million for Audi buyout
FRANKFURT (Reuters) - Volkswagen will pay a 48% premium to buy out the minority shareholders of premium division Audi , Audi said on Tuesday. Volkswagen, which already holds 99.64% of Audi, announced ...
Jun 16, 2020
Hilton to cut 2,100 corporate jobs globally
(Reuters) - Hotel chain Hilton Worldwide Holdings Inc said on Tuesday it would cut 2,100 corporate roles globally in response to the coronavirus outbreak. The company also said it is extending the pre...
Jun 16, 2020
U.S. bank profits plunge 70% on coronavirus loss provisioning
By Pete Schroeder WASHINGTON (Reuters) - U.S. bank profits fell by 69.6% to $18.5 billion in the first quarter of 2020 from the year prior as banks felt the economic impact of the novel coronavirus pa...
Jun 16, 2020
