Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Hewlett Packard to cut costs by $1 billion, reduces CEO pay by 25% on pandemic woes
(Reuters) - Hewlett Packard Enterprise on Thursday unveiled a plan to cut costs by at least $1 billion by 2022 and said it would reduce the base salary of its chief executive officer by 25%, in respon...
May 21, 2020
Trump says he may support another coronavirus stimulus bill
YPSILANTI, Mich. (Reuters) - U.S. President Donald Trump said on Thursday he may support another fiscal stimulus bill to help prop up the economy during the coronavirus outbreak, though he did not pro...
May 21, 2020
Nvidia forecasts second-quarter revenue above estimates
(Reuters) - Nvidia Corp on Thursday forecast second-quarter revenue above analysts' estimates, as demand surges for its chips used in data centers that power the shift to working remotely due to the c...
May 21, 2020
JBS resumes chicken slaughtering at Brazil plant after COVID-19 outbreak: statement
SAO PAULO (Reuters) - Brazilian meatpacker JBS SA said on Thursday that operations at its plant in Passo Fundo, in the southern state of Rio Grande do Sul, were allowed to resume after the facility wa...
May 21, 2020
Senators attempt to advance bill lengthening coronavirus business loan terms
WASHINGTON (Reuters) - Negotiators in the U.S. Senate reached agreement on Thursday on legislation increasing the amount of time, to 16 weeks from the current eight-week deadline, for small businesses...
May 21, 2020
Fed, Treasury still have ‘ammunition’ to help coronavirus-ravaged economy: Trump
YPSILANTI, Mich. (Reuters) - President Donald Trump said on Thursday the Federal Reserve and the Treasury Department still had "ammunition" to help the U.S. economy, which has been savaged amid the co...
May 21, 2020
Mexico ready to negotiate over power market shake-up
By Dave Graham MEXICO CITY (Reuters) - Mexico's president on Thursday said he was ready to negotiate over changes to the electricity market that angered firms and foreign allies, opening the door to a...
May 21, 2020
Russian economy to contract, rouble to stay weak amid pandemic: economy ministry
By Darya Korsunskaya MOSCOW (Reuters) - Russia's economy is on track to shrink by 5% in 2020 and the rouble will remain weak as the novel coronavirus pandemic and low oil prices hit home, the economy ...
May 21, 2020
Fed’s Bostic: Banks should be preserving as much capital as possible – CNBC
(Reuters) - U.S. banks should be preserving as much capital as they possibly can amid the coronavirus outbreak and should perhaps decide against dividend payments, Atlanta Federal Reserve Bank Preside...
May 21, 2020
Bank of Canada governor: we’re in an era where interest rates will probably stay low
OTTAWA, May 21 (Reuters) - Bank of Canada Governor Stephen Poloz on Thursday said the world was in an era where interest rates were probably going to stay low and would not go back to where they were ...
May 21, 2020
