Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Panama’s Copa Airlines expects to fly 40% of its usual flights by December
SAO PAULO (Reuters) - Panama's Copa Airlines expects to resume 40% of its usual flights by December, the company said on Wednesday, the latest carrier to predict a slow recovery in traffic due to the ...
May 06, 2020
Brazil makes bigger-than-expected rate cut, signals another
By Jamie McGeever BRASILIA (Reuters) - Brazil's central bank slashed interest rates more than expected on Wednesday, cutting its benchmark rate by 75 basis points to a record-low 3.00% and previewing ...
May 06, 2020
U.S. launches national security probe of mobile crane imports
WASHINGTON (Reuters) - The U.S. Commerce Department on Wednesday launched a "Section 232" national security investigation into imports of mobile cranes from Germany, Austria, Japan and elsewhere, foll...
May 06, 2020
Sinclair agrees to pay record-setting $48 million FCC civil penalty: agency
WASHINGTON (Reuters) - Sinclair Broadcast Group has agreed to pay a $48 million fine to the Federal Communications Commission (FCC) resolving the probe into the company's abandoned deal to buy Tribune...
May 06, 2020
Broker-dealer to pay $5 million over charges it misrepresented how it handled orders: SEC
WASHINGTON (Reuters) - The U.S. securities regulator on Wednesday said Bloomberg Tradebook LLC has agreed to pay a $5 million penalty to settle charges it made "material misrepresentations" over how t...
May 06, 2020
Peloton raises revenue forecast as people turn to home workouts in lockdowns
(Reuters) - Peloton Interactive Inc raised its forecast for full-year revenue on Wednesday as "stay at home" orders encouraged more people to buy the company's exercise bikes and fitness subscriptions...
May 06, 2020
Zara-owner Inditex to open some small stores in Spain on Thursday: source
MADRID (Reuters) - Zara-owner Inditex will reopen some of its smaller stores in Spain on Thursday, a source close to the company said, as part of a gradual reopening of the store network in its home m...
May 06, 2020
Carnival’s Princess Cruises extends cruise suspension until summer end
(Reuters) - Princess Cruises, a Carnival Corp unit, said on Wednesday that it is canceling select cruises through the end of the summer of 2020 due to reduced flight availability and the closure of po...
May 06, 2020
Czechs sign joint 5G security declaration with United States
PRAGUE (Reuters) - The Czech Republic has signed a joint declaration with the United States to strengthen cooperation on next-generation 5G networks and promote rigorous evaluations of suppliers and s...
May 06, 2020
PayPal profit slumps as COVID-19 weighs on spending
(Reuters) - PayPal Holdings Inc posted a 87.4% slump in quarterly profit on Wednesday as COVID-19 lockdowns hit consumer spending and forced the payments processor to boost its credit loss reserves, s...
May 06, 2020
