Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Panasonic annual profit slides, but Tesla battery venture logs second quarterly gain
TOKYO (Reuters) - Japan's Panasonic Corp posted on Monday a 29% drop in annual operating profit amid the coronavirus outbreak but said its battery cells joint venture with major customer Tesla Inc log...
May 18, 2020
French plan to help auto sector due within 15 days: Le Maire
PARIS (Reuters) - France is hoping to announce a plan within 15 days to help the country's automobile sector, which has been hit hard by the impact of the coronavirus, finance minister Bruno Le Maire ...
May 18, 2020
Ryanair CEO: ‘idiotic’ UK mismanaging coronavirus crisis
LONDON (Reuters) - Ryanair Chief Executive Michael O'Leary said the British government had mismanaged its response to the novel coronavirus outbreak for many weeks and its policy on a 14-day quarantin...
May 18, 2020
ISS poaches Danske Bank’s Aarup-Andersen as new CEO
COPENHAGEN (Reuters) - Danish services provider ISS said on Monday it had hired Danske Bank's Jacob Aarup-Andersen as its new chief executive officer starting Sept 1. Aarup-Andersen, 42, who currently...
May 18, 2020
Total calls off plan to buy Occidental Petroleum’s Ghana asset
PARIS (Reuters) - Total has called off plans to acquire Occidental Petroleum's assets in Ghana, the French energy company said on Monday. "Given the extraordinary market environment and the lack of vi...
May 18, 2020
SoftBank posts record $13 billion operating loss as tech bets slide
By Sam Nussey TOKYO (Reuters) - SoftBank Group Corp on Monday reported a record 1.4 trillion yen ($13 billion) operating loss in the April-March financial year as the value of its tech bets via the $1...
May 18, 2020
Hotels group Accor secures 560 million euros credit line, sees some signs of recovery
PARIS (Reuters) - French hotel company Accor - one of many in the tourism sector to have been hit hard by the impact of the coronavirus - said on Monday it had secured a new 560 million euros ($605.9 ...
May 18, 2020
ECB’s Lane: Euro zone economy won’t hit pre-crisis level until 2021 at earliest
BERLIN (Reuters) - The coronavirus-hit euro zone economy probably will not return to its pre-pandemic levels until next year at the earliest, the European Central Bank's chief economist told El Pais n...
May 18, 2020
Ryanair reports full-year profit up 13%, cuts traffic for coming year
DUBLIN (Reuters) - Ryanair on Monday reported a profit after tax of 1 billion euros ($1.08 billion) for the year to March 31, but said it was unable to provide a forecast for the current year due to C...
May 18, 2020
Coronavirus widens climate rift between European and U.S. oil majors
By Ron Bousso and Shadia Nasralla LONDON (Reuters) - Europe's top oil and gas companies have diverted a larger share of their cash to green energy projects since the coronavirus outbreak in a bet the ...
May 18, 2020
