Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Salesforce cuts annual sales estimates on COVID-19 hit
(Reuters) - Salesforce.com Inc cut its annual revenue forecast on Thursday, citing the impact caused by the COVID-19 pandemic during first quarter. (Reporting by Munsif Vengattil in Bengaluru)
May 28, 2020
Nordstrom sales plunge nearly 40% on pandemic hit
(Reuters) - Upscale department store chain Nordstrom Inc on Thursday reported a nearly 40% slump in quarterly sales, as lockdowns to contain the COVID-19 pandemic forced it to shut stores. The company...
May 28, 2020
Brazil court orders JBS to guarantee physical distancing to reopen chicken plant
By Ana Mano SAO PAULO (Reuters) - A Brazilian court has ordered JBS SA to keep 1.5 meters (4.92 ft) of distance between workers at its chicken processing plant in the town of Ipumirim, according to a ...
May 28, 2020
Flurry of U.S. crude export fixtures offers glimmer of hope
By Devika Krishna Kumar NEW YORK (Reuters) - A flurry of tentative bookings to export U.S. crude oil from the Gulf Coast suggests demand is edging up after the coronavirus slammed energy consumption w...
May 28, 2020
S&P cuts Rolls-Royce credit rating to junk on COVID-19 hit
LONDON (Reuters) - Ratings agency Standard & Poor's cut engine maker Rolls-Royce's credit rating to junk on Thursday, citing the disruption caused to global air travel from the COVID-19 pandemic. S&P ...
May 28, 2020
Fed’s Kaplan sees global oil glut lasting well into 2021
SAN FRANCISCO (Reuters) - The global oil glut due to the coronavirus pandemic will likely last well into 2021, Dallas Federal Reserve Bank President Robert Kaplan said on Thursday, and longer, if the ...
May 28, 2020
Russia’s economy contracts 12% year-on-year in April during coronavirus lockdown
MOSCOW (Reuters) - Russia's economy contracted in April by 12% year on year, data showed on Thursday, recording a sharp fall similar to the one last seen in May 2009. Russia's economic health is in fo...
May 28, 2020
Masks, cleaning, filtration better than blocking middle seats: United CEO
(Reuters) - United Airlines Holdings Inc Chief Executive Scott Kirby said on Thursday that facial masks, aircraft cleaning and air filtration systems are better measures for preventing the spread of t...
May 28, 2020
Fed’s Kaplan says U.S. economy has bottomed, ties rebound to testing
By Ann Saphir (Reuters) - The U.S. economy has likely bottomed, Dallas Federal Reserve Bank President Robert Kaplan said on Thursday, but a healthy rebound depends on a massive increase in testing so ...
May 28, 2020
German auto supplier ZF Friedrichshafen to cut up to 15,000 jobs: memo
FRANKFURT (Reuters) - German car parts supplier ZF Friedrichshafen plans to reduce the workforce by up to 15,000 jobs, or around 10%, by 2025 as a result of a slump in demand, according to a memo on T...
May 28, 2020
