Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Almost 4 million U.S. mortgage borrowers in forbearance plans: industry survey
WASHINGTON (Reuters) - Almost four million mortgage borrowers have had their payments paused or reduced as the novel coronavirus outbreak continues to strain household balance sheets, a survey from th...
May 11, 2020
Incoming Bank of Canada governor saw ‘stop-start’ recovery after lockdown
By Fergal Smith and Steve Scherer TORONTO/OTTAWA (Reuters) - Newly appointed Bank of Canada Governor Tiff Macklem projected a halting economic recovery during an exclusive interview conducted before h...
May 11, 2020
WeWork directors seek to preserve right to sue owner SoftBank
By Joshua Franklin and Anirban Sen (Reuters) - A special committee of WeWork board members filed a motion in Delaware on Monday to prevent it from being disbanded, as it pursues legal action against m...
May 11, 2020
Western U.S. states request $1 trillion in coronavirus aid: California governor
SACRAMENTO, Calif. (Reuters) - California, Oregon, Washington and other states involved in a western states pact to coordinate coronavirus response have asked the federal government for a combined $1 ...
May 11, 2020
Brazil to announce new business measures, eyes tax exemptions: official
BRASILIA (Reuters) - Brazil will announce further measures to support businesses and help preserve jobs in the coming weeks, productivity and competition secretary Carlos da Costa said on Monday, addi...
May 11, 2020
UK economy may need to adapt if virus vaccine takes time: Johnson
LONDON (Reuters) - Britain will need to think about how its economy can adapt if a vaccine for the novel coronavirus does not emerge quickly, Prime Minister Boris Johnson said on Monday. "If we can't ...
May 11, 2020
U.S. SEC alleges accounting fraud at Florida direct lender TCA
By Lawrence Delevingne BOSTON (Reuters) - The U.S. Securities and Exchange Commission on Monday lodged a civil complaint against Miami-area direct lending firm TCA Fund Management Group Corp and affil...
May 11, 2020
Fed’s Quarles says U.S. banks, Fed may need to do more in crisis
(Reuters) - U.S. banks are "well-positioned" to support households and businesses during the coronavirus crisis, a top U.S. central banker said on Monday, lending to creditworthy firms, processing tra...
May 11, 2020
Richard Branson to sell 25 million shares in Virgin Galactic to battle pandemic impact
(Reuters) - Billionaire Richard Branson's Virgin Group said on Monday that it may sell up to 25 million shares of space tourism company Virgin Galactic Holdings Inc to raise funds amid the COVID-19 pa...
May 11, 2020
South African Airways rescue team to appeal court ruling on layoffs
JOHANNESBURG (Reuters) - Administrators trying save South African Airways (SAA) will appeal a court ruling that ordered them to halt a layoff process, one of the administrators Siviwe Dongwana told Re...
May 11, 2020
