Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Molson Coors suspends quarterly dividend, furloughs employees
(Reuters) - Molson Coors Beverage said on Friday it had suspended quarterly dividends for fiscal 2020 and furloughed some employees in Europe and North America, as the Miller Lite beer maker looks to ...
May 22, 2020
Uber customer claims company won price-fixing suit because arbitrator was scared
By Tina Bellon NEW YORK (Reuters) - An Uber customer on Friday asked a Manhattan federal judge to overturn an arbitration win for the company in a price-fixing case, arguing that the arbitrator only r...
May 22, 2020
Blackstone’s EagleClaw Midstream sues Caprock over troubled deal
By Liz Hampton (Reuters) - Private-equity backed EagleClaw Midstream is suing the former owners of Caprock Midstream, alleging they failed to disclose tens of millions of dollars of liabilities during...
May 22, 2020
United Airlines CEO Kirby’s annual base salary lower than predecessor
(Reuters) - United Airlines Holdings Inc said on Friday it would pay Chief Executive Officer Scott Kirby an annual base salary of $1 million, lower than what prior head Oscar Munoz received. The compe...
May 22, 2020
Steinmetz’s BSGR seeks to reopen $1.25 billion Guinea ruling
By Zandi Shabalala and Helen Reid LONDON/JOHANNESBURG (Reuters) - Billionaire Beny Steinmetz's BSG Resources Ltd (BSGR) is seeking to reopen an arbitration case that ordered it to pay $1.25 billion to...
May 22, 2020
Hertz preparing to file for bankruptcy as soon as Friday night: WSJ
(Reuters) - Hertz Global Holdings Inc is preparing to file for bankruptcy as soon as Friday night after failing to reach a standstill agreement with its top lenders, the Wall Street Journal reported h...
May 22, 2020
U.S. agencies ask FCC to rescind Ligado spectrum decision
By David Shepardson WASHINGTON (Reuters) - A group of U.S. agencies on Friday asked the Federal Communications Commission (FCC) to reconsider its unanimous April 22 decision to allow Ligado Networks [...
May 22, 2020
Exclusive: Renewable firms in Mexico must pay more for grid backup – CFE chief
MEXICO CITY (Reuters) - Private renewable energy firms in Mexico must pay for part of the baseload power used to ensure the flow of electricity on the grid, the head of the state power company said on...
May 22, 2020
S&P forecasts South Africa’s economy to shrink 4.5% in 2020
JOHANNESBURG (Reuters) - S&P Global Ratings on Friday said it projects South Africa's economy to shrink by 4.5% this year as a result of the COVID-19 pandemic that has impacted production and consumpt...
May 22, 2020
Sculptor credit funds draw cash after deep March losses: source
By Svea Herbst-Bayliss BOSTON (Reuters) - Sculptor Capital Management's credit funds drew inflows from investors even as losses piled up at its SCU Credit Opportunities fund after weeks of coronavirus...
May 22, 2020
