Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Major Aston Martin shareholder cuts stake in British carmaker
(Reuters) - A top Aston Martin shareholder cut its stake in the British carmaker by nearly 5%, a regulatory filing showed on Monday. Italian private-equity firm Investindustrial Advisors Ltd disclosed...
Jun 01, 2020
Oil rescues big banks’ commodities profits as gold income tumbles
By Peter Hobson LONDON (Reuters) - The world's 12 biggest investment banks cashed in on commodity price volatility caused by the coronavirus in the first quarter, with big increases in income from oil...
Jun 01, 2020
Global remittances could fall by $100 billion in 2020, says Citi
LONDON (Reuters) - Slower economic growth expectations prompted Citi on Monday to slash its forecasts for global remittances, saying this raised the risk to credit ratings of smaller emerging market c...
Jun 01, 2020
Nissan sees cost of quitting Barcelona at up to $1.7 billion, source says
By Joan Faus BARCELONA (Reuters) - Nissan Motor Co has estimated the closure of its plants in Barcelona could cost up to around 1.5 billion euros ($1.7 billion), a union source told Reuters on Monday....
Jun 01, 2020
Mexico’s factory output continues plummet, data suggests bottom is near
MEXICO CITY (Reuters) - Mexico's manufacturing sector deteriorated sharply in May, following a record contraction in April, as restrictions put in place to prevent the spread of the coronavirus shutte...
Jun 01, 2020
Pfizer declines about 8% after setback to breast cancer treatment
(Reuters) - Shares of Pfizer Inc fell nearly 8% on Monday after an independent data monitoring committee determined the drugmaker's breast cancer treatment was unlikely to meet the main goal of a late...
Jun 01, 2020
U.S. Supreme Court upholds Puerto Rico financial oversight board appointments
WASHINGTON (Reuters) - The U.S. Supreme Court on Monday upheld appointments to Puerto Rico's federally created financial oversight board that had been challenged by creditors in a ruling that avoids d...
Jun 01, 2020
Construction spending falls less than expected
WASHINGTON (Reuters) - U.S. construction spending fell less than expected in April even as other sectors of the economy buckle under the COVID-19 crisis. The Commerce Department said on Monday that co...
Jun 01, 2020
U.S. manufacturing activity pulls off 11-year low: ISM
WASHINGTON (Reuters) - U.S. manufacturing activity eased off an 11-year low in May, the strongest sign yet that the worst of the economic downturn was behind as businesses reopen, though the recovery ...
Jun 01, 2020
U.S. Supreme Court rebuffs investors’ bid to block Madoff trustee lawsuits
By Andrew Chung (Reuters) - The U.S. Supreme Court on Monday refused to hear a bid by major banks and companies including Koch Industries Inc to prevent a trustee chasing money for victims of imprison...
Jun 01, 2020
