Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
German government announces $6 billion rescue package for rail operator
BERLIN (Reuters) - Germany's government said it plans to inject at least 5.5 billion euros ($6 billion) into state-owned rail operator Deutsche Bahn [DBN.UL], which has been hit by the collapse in tra...
May 26, 2020
Global airlines body raises alarm over bailout debts
PARIS (Reuters) - Heavy debts inherited from government bailouts and other fund-raising moves will delay the airline industry's recovery from the coronavirus crisis, a trade body said on Tuesday. Glob...
May 26, 2020
Hertz awards over $16 million in retention bonus to key executives
(Reuters) - U.S. car rental company Hertz Global Holdings said on Tuesday it has paid about $16.2 million in retention bonuses to a range of key executives at the director level and above, days after ...
May 26, 2020
Bank of America wealth management executive says clients are still holding more cash
(Reuters) - Bank of America Corp head of wealth management Andy Sieg, said on Tuesday that the coronavirus pandemic has not meaningfully disrupted business at the wirehouse, though clients are still h...
May 26, 2020
Swiss trial begins of banker alleged to have ignored 1MDB warnings
ZURICH (Reuters) - A banker went on trial in Switzerland on Tuesday charged with failing to sound the alarm over millions of dollars linked to scandal-tainted Malaysian sovereign wealth fund 1MDB. The...
May 26, 2020
Factbox: Airlines crumble around the globe amid coronavirus pandemic
(Reuters) - The coronavirus crisis, which has virtually grounded global air traffic since March, has pushed several struggling airlines over the edge. Chile's LATAM Airlines Group SA on May 26 became ...
May 26, 2020
U.S. passenger railroad Amtrak says it needs new $1.5 billion bailout
WASHINGTON (Reuters) - U.S. passenger railroad Amtrak told Congress in a letter made public Tuesday it needs another $1.475 billion bailout or it will be forced to make sweeping service cuts and likel...
May 26, 2020
LME to consult on whether its market abuse rules need reform
LONDON (Reuters) - The London Metal Exchange plans to consult members on whether its rules need to be changed to guard against market abuse and insider trading, the exchange said on Tuesday. To start ...
May 26, 2020
BlackRock puts ‘modest overweight’ on credit
LONDON (Reuters) - BlackRock Investment Institute (BII) predicted on Tuesday that developed market government bond returns would be negative over the next five years and raised its outlook on credit t...
May 26, 2020
U.S. consumer confidence edges up in May
WASHINGTON (Reuters) - U.S. consumer confidence nudged up in May, suggesting the worst of the novel coronavirus-driven economic slump was probably in the past as the country starts to reopen, but it w...
May 26, 2020
