Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
LATAM’s bankruptcy filing to delay its Brazil bailout to at least July: sources
By Rodrigo Viga RIO DE JANEIRO (Reuters) - LATAM Airlines Group's U.S. bankruptcy filing this week will delay its potential bailout in Brazil to at least July and also push back aid to its rivals at l...
May 28, 2020
Dell beats revenue estimates as remote working lifts workstation demand
(Reuters) - Dell Technologies Inc beat analysts' estimates for quarterly revenue on Thursday, boosted by demand for its workstations from companies moving more employees to work from home due to the c...
May 28, 2020
Costco Wholesale revenue rises 7.3% on coronavirus-induced stockpiling
(Reuters) - Warehouse club operator Costco Wholesale Corp reported a 7.3% increase in quarterly revenue on Thursday, as people stocked up on essentials before hunkering down in their homes to contain ...
May 28, 2020
Salesforce cuts annual sales estimates on COVID-19 hit
(Reuters) - Salesforce.com Inc cut its annual revenue forecast on Thursday, citing the impact caused by the COVID-19 pandemic during first quarter. (Reporting by Munsif Vengattil in Bengaluru)
May 28, 2020
Nordstrom sales plunge nearly 40% on pandemic hit
(Reuters) - Upscale department store chain Nordstrom Inc on Thursday reported a nearly 40% slump in quarterly sales, as lockdowns to contain the COVID-19 pandemic forced it to shut stores. The company...
May 28, 2020
Brazil court orders JBS to guarantee physical distancing to reopen chicken plant
By Ana Mano SAO PAULO (Reuters) - A Brazilian court has ordered JBS SA to keep 1.5 meters (4.92 ft) of distance between workers at its chicken processing plant in the town of Ipumirim, according to a ...
May 28, 2020
Flurry of U.S. crude export fixtures offers glimmer of hope
By Devika Krishna Kumar NEW YORK (Reuters) - A flurry of tentative bookings to export U.S. crude oil from the Gulf Coast suggests demand is edging up after the coronavirus slammed energy consumption w...
May 28, 2020
S&P cuts Rolls-Royce credit rating to junk on COVID-19 hit
LONDON (Reuters) - Ratings agency Standard & Poor's cut engine maker Rolls-Royce's credit rating to junk on Thursday, citing the disruption caused to global air travel from the COVID-19 pandemic. S&P ...
May 28, 2020
Fed’s Kaplan sees global oil glut lasting well into 2021
SAN FRANCISCO (Reuters) - The global oil glut due to the coronavirus pandemic will likely last well into 2021, Dallas Federal Reserve Bank President Robert Kaplan said on Thursday, and longer, if the ...
May 28, 2020
Russia’s economy contracts 12% year-on-year in April during coronavirus lockdown
MOSCOW (Reuters) - Russia's economy contracted in April by 12% year on year, data showed on Thursday, recording a sharp fall similar to the one last seen in May 2009. Russia's economic health is in fo...
May 28, 2020
