Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Norway cuts rates to record low of zero to cushion economy
By Terje Solsvik and Victoria Klesty OSLO (Reuters) - Norway's central bank cut its key interest rate to zero, a record low, from 0.25% on Thursday in a surprise move aimed at protecting an economy re...
May 07, 2020
U.S. demand for cars expected to rebound while travel, dining lag: ad agency
By Sheila Dang (Reuters) - Consumer demand for cars could begin to recover this month in the United States after steep declines due to the coronavirus pandemic, but the hard-hit travel and dining indu...
May 07, 2020
Lufthansa seeking 9 billion euro bailout
FRANKFURT (Reuters) - Lufthansa on Thursday said it is negotiating a 9 billion euro ($9.71 billion) "stabilisation package" with Germany's Federal Economic Stabilization Fund, confirming an earlier Re...
May 07, 2020
Fed’s Bostic: Recovery hinges on permanence of unemployment
WASHINGTON (Reuters) - The strength of any coming U.S. economic recovery will depend on whether the emergency programs rolled out provide an effective "bridge" so companies rehire workers when the hea...
May 07, 2020
Harley-Davidson names Jochen Zeitz as CEO
(Reuters) - Motorcycle maker Harley-Davidson Inc on Thursday named Jochen Zeitz as chief executive officer. Zeitz has served as acting president and CEO of the company since February 2020. (Reporting ...
May 07, 2020
Forcing insurance pay outs in pandemic could hit financial stability – IAIS
LONDON (Reuters) - Forcing insurers to retroactively cover business disruption losses from the pandemic could ultimately put financial stability at risk, the International Association of Insurance Sup...
May 07, 2020
Used car dealer Carvana expands as coronavirus fuels U.S. demand for online sales
By Tina Bellon (Reuters) - Online used car buying platform Carvana Co on Thursday said it was nearly tripling its U.S. footprint and will expand to 100 additional markets as the coronavirus crisis pro...
May 07, 2020
Fashion shift online picks up even as stores reopen
By Emma Thomasson BERLIN (Reuters) - Retailers selling fashion online are emerging as the winners of the coronavirus crisis as consumers are staying home even as stores start to reopen, results from m...
May 07, 2020
Kohl’s to reopen 25% of stores as states lift lockdown restrictions
(Reuters) - Kohl's Corp said on Thursday it plans to reopen a quarter of its stores by next week, as retailers start to get business going again in states where coronavirus-induced lockdown restrictio...
May 07, 2020
PayPal, Square eye boost as crisis spurs online shopping shift
(Reuters) - Wall Street analysts looked past a surprisingly shaky first quarter for payment processors PayPal Holdings Inc and Square Inc hoping that the shift towards more online buying will see thei...
May 07, 2020
