Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Wirecard revamps management board amid probes
FRANKFURT (Reuters) - Wirecard on Friday reshuffled its management board, including the appointment of a new compliance officer, as the payments system provider faces multiple regulatory probes into f...
May 08, 2020
Bank of Portugal postpones capital buffer phase-in for banks to January 2022
LISBON (Reuters) - The Bank of Portugal said on Friday it had postponed a phased increase in capital buffers for banks identified as "other systemically important institutions" by one year to Jan. 1, ...
May 08, 2020
Three Enbridge pipelines shut after Kentucky natgas line fire
(Reuters) - Three of Enbridge's pipelines were shut following a fire on the company's Line 10 segment of its Texas Eastern Natural Gas System, in Fleming County, Kentucky on May 4, the U.S. Pipeline a...
May 08, 2020
Fed to augment bank stress tests with pandemic-focused ‘analyses’ of bank finances
By Pete Schroeder WASHINGTON (Reuters) - The Federal Reserve plans to build on the upcoming round of bank stress tests by conducting additional "sensitivity analyses" that reflect the ongoing pandemic...
May 08, 2020
Stage Stores prepares for bankruptcy: CNBC
(Reuters) - Department store operator Stage Stores Inc is preparing for a bankruptcy filing that could come as soon as next week, CNBC reported, citing people familiar with the story. Shares of the co...
May 08, 2020
Not as bad as it looks? Pemex’s $24 billion loss mostly accounting distortion
By David Alire Garcia MEXICO CITY (Reuters) - More than 80% of state-owned Pemex's multibillion-dollar loss in the first quarter stemmed from its accounting of a beat-up peso, rather than evaporating ...
May 08, 2020
Working women, and especially single moms, are hit hard by coronavirus downturn
By Jonnelle Marte (Reuters) - Before she was laid off from her bartending job in Charleston, South Carolina, Shana Swain used to spend her nights serving food and mixing Manhattans and Cosmopolitans. ...
May 08, 2020
U.S. jobless rate likely much higher than 14.7%, Labor Department says
SAN FRANCISCO (Reuters) - Millions of U.S. residents were counted as employed in April despite having no job, suggesting April's true unemployment rate was closer to 20%, much higher than the official...
May 08, 2020
Still hiring! Walmart, other superstores buck U.S. employment trend
By Lindsay Dunsmuir WASHINGTON (Reuters) - Amid the carnage of the U.S. employment report for April was one bright spot: superstores led by Walmart Inc , the world's largest retailer, added more than ...
May 08, 2020
Wall Street weekahead: U.S. data deluge to underscore divide between roaring market, plunging economy
By Saqib Iqbal Ahmed NEW YORK (Reuters) - A week packed with U.S. economic data is likely to provide investors with more evidence of the extent to which the coronavirus pandemic has hit growth, sharpe...
May 08, 2020
