Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Goldman Sachs cuts Brazil 2020 GDP forecast to -7.4%, Mexico to -8.5%
BRASILIA (Reuters) - Economists at Goldman Sachs have slashed their Latin American economic outlook due to the coronavirus outbreak, and now expect Brazil's gross domestic product to shrink by 7.4% th...
May 19, 2020
U.S. charges Texas man with $5 million-plus coronavirus loan fraud
By Mark Hosenball WASHINGTON (Reuters) - U.S. federal prosecutors charged a Texas man on Tuesday with fraudulently seeking $5 million in loans from an emergency program established to ease the economi...
May 19, 2020
Facebook to launch new shopping feature across apps
(Reuters) - Facebook Inc is launching Facebook Shops, a service that will allow small businesses to display and sell their products on the social network's platforms, Chief Executive Officer Mark Zuck...
May 19, 2020
Car parts maker Benteler’s move out of Germany haunts state aid hopes
By Arno Schuetze FRANKFURT (Reuters) - Car parts' maker Benteler's move from Germany to Austria in 2010 cut its tax bill but may now create a hurdle as the company seeks to access state support during...
May 19, 2020
Spain ready to approve new credit lines to help companies cope with COVID-19
By Jess Aguado MADRID (Reuters) - Spain said on Tuesday it would approve new liquidity lifelines to help companies and households weather the coronavirus crisis after releasing another tranche of the ...
May 19, 2020
Lufthansa expects hundreds of aircraft to be grounded until 2022
FRANKFURT (Reuters) - Lufthansa is bracing for hundreds of aircraft to remain grounded due to the coronavirus pandemic well into 2022 and that further job cuts at its maintenance and catering business...
May 19, 2020
Brazil launches new financing program for small companies amid pandemic
BRASILIA (Reuters) - Brazil's government on Tuesday launched a new credit line aimed at helping small companies weather the economic crisis stemming from the coronavirus pandemic. The country's Treasu...
May 19, 2020
FAA to mandate new safety management tools for airplane manufacturers
WASHINGTON (Reuters) - The Federal Aviation Administration said Tuesday it will require Boeing Co and other aircraft manufacturers to adopt new safety management tools in the wake of two fatal Boeing ...
May 19, 2020
Austria says EU ‘frugals’ to present alternative to Franco-German fund plan
By Francois Murphy VIENNA (Reuters) - A group of European Union states opposed to big spending by the bloc will present a counter-proposal to Franco-German plans for a 500 billion euro ($547 billion) ...
May 19, 2020
Santander agrees to $550 million U.S. settlement over subprime auto loans
By David Shepardson WASHINGTON (Reuters) - Santander Consumer USA Holdings Inc said on Tuesday it had agreed to make changes to its underwriting practices as part of a $550 million settlement with 33 ...
May 19, 2020
