Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
COVID-era junk bond deals begin to go sour
By Kate Duguid NEW YORK (Reuters) - Companies hard-hit by the pandemic rushed to raise debt last month, encouraged by the Federal Reserve's intervention to support the credit market. But for some of t...
May 21, 2020
Macy’s warns of up to $1 billion quarterly loss due to lockdowns
(Reuters) - Macy's Inc said on Thursday it could rack up operating losses of up to $1.11 billion in the first quarter, as the retailer was forced to shut stores due to COVID-19 lockdowns. The health c...
May 21, 2020
Exclusive: Etihad bondholders put airline on notice with debt revamp – sources
By Davide Barbuscia DUBAI (Reuters) - Owners of $1.2 billion in debt issued by Etihad and other airlines it partly owned have given the struggling Abu Dhabi carrier an ultimatum to agree to a restruct...
May 21, 2020
Bank of Israel to hold key interest rate after April cut: Reuters poll
By Steven Scheer JERUSALEM (Reuters) - The Bank of Israel is expected to leave short-term interest rates unchanged next week after a reduction last month aimed at helping the economy recover from the ...
May 21, 2020
Best Buy quarterly same-store sales fall over 5%
(Reuters) - Best Buy Co Inc reported a 5.3% fall in quarterly same-store sales on Thursday, as the electronics retailer had to close stores due to the COVID-19 pandemic. Best Buy's revenue fell to $8....
May 21, 2020
U.S. leveraged loan defaults at six-year high as coronavirus hits businesses
By Patturaja Murugaboopathy (Reuters) - The monthly tally of defaults in the U.S. leveraged loan market has hit a six-year high, data from Fitch Ratings showed, as companies are either missing payment...
May 21, 2020
Indiana mattress business adapts to lure customers back
By Timothy Aeppel (Reuters) - Lauren Taylor is figuring out what's required to run a mattress store in the age of a deadly pandemic. As of May 4, when Indiana Governor Eric Holcomb allowed more parts ...
May 21, 2020
Trump to visit Ford plant in battleground state Michigan amid tensions with governor
By Jeff Mason WASHINGTON (Reuters) - U.S. President Donald Trump travels to the political swing state of Michigan on Thursday to visit a Ford plant amid tension with the state's Democratic governor an...
May 21, 2020
Could coronavirus help Amazon workers unionize?
By Nandita Bose and Krystal Hu WASHINGTON (Reuters) - Warehouse employees last month staged a walkout in Michigan to demand safer working conditions at their facility. So did workers in New York, Illi...
May 21, 2020
Futures retreat as trade tensions add to pandemic woes
By Ambar Warrick (Reuters) - U.S. stock index futures fell on Thursday as growing trade tensions with China added to worries about the pace of a recovery from a coronavirus-fueled economic slump even ...
May 21, 2020
