Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
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
Facebook to launch new shopping feature across apps
(Reuters) - Facebook Inc is launching Facebook Shops, a service that will allow small businesses to display and sell their products on the social network's platforms, Chief Executive Officer Mark Zuck...
May 19, 2020
Car parts maker Benteler’s move out of Germany haunts state aid hopes
By Arno Schuetze FRANKFURT (Reuters) - Car parts' maker Benteler's move from Germany to Austria in 2010 cut its tax bill but may now create a hurdle as the company seeks to access state support during...
May 19, 2020
Spain ready to approve new credit lines to help companies cope with COVID-19
By Jess Aguado MADRID (Reuters) - Spain said on Tuesday it would approve new liquidity lifelines to help companies and households weather the coronavirus crisis after releasing another tranche of the ...
May 19, 2020
