Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Canada’s CIBC lost $64 million in a day in gold market turmoil
By Peter Hobson LONDON (Reuters) - Canadian Imperial Bank of Commerce (CIBC) took a trading loss of C$88.2 million ($64 million) in one day in March due mainly to volatility in the gold market, the ba...
May 28, 2020
UPS adds ‘peak’ surcharge amid coronavirus fueled delivery spike
LOS ANGELES (Reuters) - United Parcel Service Inc on May 31 will slap surcharges on U.S. e-commerce companies that have flooded its delivery network with shipments of everything from packaged food to ...
May 28, 2020
Brazil mulls extending aid program for informal workers, but lowering payments
BRASILIA (Reuters) - Brazil's government is in talks with Congress about extending the emergency program to provide informal workers hit by the coronavirus crisis with three monthly payments of 600 re...
May 28, 2020
New Wall Street-backed stock exchange MEMX to launch on Sept. 4
NEW YORK (Reuters) - The Members Exchange (MEMX), a new bourse that aims to take on the New York Stock Exchange and Nasdaq Inc , and is backed by financial heavyweights including Bank of America Corp ...
May 28, 2020
ViacomCBS slashes up to 400 jobs as part of merger restructuring: source
By Arriana McLymore NEW YORK (Reuters) - ViacomCBS Inc is cutting up to 400 employees across CBS as part of its plan to save $750 million from its merger with CBS, a source familiar with the matter sa...
May 28, 2020
Shoppers revel as Printemps department store reopens in Paris
PARIS (Reuters) - Masked shoppers lined up to browse at luxury boutiques inside Printemps' main Paris store on Thursday, one of the city's last major department stores to reopen after two months of cl...
May 28, 2020
Cisco to acquire software firm ThousandEyes
(Reuters) - Cisco Systems Inc has agreed to acquire privately held software maker ThousandEyes Inc, the network gear maker said on Thursday. The deal is worth nearly $1 billion, Bloomberg reported ear...
May 28, 2020
Italy’s credit agency SACE approves state guarantees for FCA $7 billion bank loan: source
MILAN (Reuters) - The board of Italy's export credit agency SACE has approved state guarantees covering 80% of a 6.3 billion euro ($7 billion) bank loan for Fiat Chrysler , a source close to the matte...
May 28, 2020
LATAM’s bankruptcy filing to delay its Brazil bailout to at least July: sources
By Rodrigo Viga RIO DE JANEIRO (Reuters) - LATAM Airlines Group's U.S. bankruptcy filing this week will delay its potential bailout in Brazil to at least July and also push back aid to its rivals at l...
May 28, 2020
Dell beats revenue estimates as remote working lifts workstation demand
(Reuters) - Dell Technologies Inc beat analysts' estimates for quarterly revenue on Thursday, boosted by demand for its workstations from companies moving more employees to work from home due to the c...
May 28, 2020
