Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Fed’s Barkin says officials still ‘riding blind’ in assessing reopening: interview
WASHINGTON (Reuters) - Polling local businesses about the U.S. reopening, Richmond Federal Reserve bank president Thomas Barkin has heard from mall owners who saw traffic "like Black Friday" as restri...
May 19, 2020
U.S. Chamber CEO warns against overdoing it with production ‘reshoring’ effort
WASHINGTON (Reuters) - The head of the U.S. Chamber of Commerce on Tuesday warned the U.S. government against overdoing a major effort underway to rip U.S. supply chains out of China, warning that clo...
May 19, 2020
Ford requires visitors to wear masks but unclear if Trump will comply
By David Shepardson WASHINGTON (Reuters) - Ford Motor Co on Tuesday reiterated its policy that all visitors to its manufacturing plants must wear a mask but said the White House will ultimately decide...
May 19, 2020
U.S. workers hit McDonald’s with class action over COVID-19 safety
By Tom Hals (Reuters) - Five McDonald's workers in Chicago filed a class action lawsuit against the chain on Tuesday, accusing it of failing to adopt government safety guidance on COVID-19 and endange...
May 19, 2020
Volkswagen pays 9 million euros to end proceedings against chairman, CEO
FRANKFURT (Reuters) - Volkswagen said it agreed with a German court to pay 9 million euros ($9.9 million) to end legal proceedings against its chairman and chief executive, who were accused of holding...
May 19, 2020
Boost to Italian bonds, euro from recovery fund proposal may not last long
By Yoruk Bahceli and Olga Cotaga LONDON (Reuters) - A Franco-German proposal for a half-a-trillion euro recovery fund has lifted Italian bonds and the common currency, but investors say the effect may...
May 19, 2020
U.S. energy secretary criticized by advocacy groups for ‘redlining’ comment
WASHINGTON (Reuters) - Liberal groups criticized U.S. Energy Secretary Dan Brouillette on Tuesday for a comment they interpreted as comparing the reluctance of some banks to finance fossil fuels proje...
May 19, 2020
Brazil’s Via Varejo sues former controlling shareholder GPA: source
By Gabriela Mello and Tatiana Bautzer SAO PAULO (Reuters) - Brazilian appliance and electronics retailer Via Varejo SA is suing its former controlling shareholder GPA SA to be reimbursed for a 2009 co...
May 19, 2020
Goldman Sachs cuts Brazil 2020 GDP forecast to -7.4%, Mexico to -8.5%
BRASILIA (Reuters) - Economists at Goldman Sachs have slashed their Latin American economic outlook due to the coronavirus outbreak, and now expect Brazil's gross domestic product to shrink by 7.4% th...
May 19, 2020
U.S. charges Texas man with $5 million-plus coronavirus loan fraud
By Mark Hosenball WASHINGTON (Reuters) - U.S. federal prosecutors charged a Texas man on Tuesday with fraudulently seeking $5 million in loans from an emergency program established to ease the economi...
May 19, 2020
