Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
How April’s private-sector job losses were spread by industry and firm size
By Dan Burns (Reuters) - The record 20.2 million U.S. private-sector jobs lost in April from coronavirus lockdowns cut across most industries and affected workers at companies of all sizes. Still, the...
May 06, 2020
IMF approves $739 million in emergency pandemic relief funds for Kenya
By Andrea Shalal WASHINGTON (Reuters) - The International Monetary Fund on Wednesday said its executive board has approved $739 million in emergency financing to help Kenya respond to the economic sho...
May 06, 2020
IMF approves $491.5 mln loan for Uganda to limit coronavirus impact
KAMPALA (Reuters) - Uganda will receive an emergency loan worth $491.5 million from the International Monetary Fund to help cushion its economy from the impact of the new coronavirus, the fund said on...
May 06, 2020
Fox Corp beats quarterly revenue estimates as TV viewership rises
(Reuters) - Fox Corp beat Wall Street estimates for third-quarter revenue on Wednesday, as the media company benefited from a rise in television viewership with people staying at home due to the coron...
May 06, 2020
Lyft revenue surprises with 23% rise, ‘on path to profitability’ despite coronavirus
By Akanksha Rana and Tina Bellon (Reuters) - Lyft Inc on Wednesday surprised investors with higher-than-expected revenue and the ride-hailing company vowed further cost cuts to become profitable as th...
May 06, 2020
T-Mobile beats first-quarter postpaid subscriber estimates
(Reuters) - T-Mobile US Inc added more monthly bill paying phone subscribers than expected in the first quarter, benefiting from customers becoming more price sensitive as unemployment in the United S...
May 06, 2020
U.S. lawmakers warn Trump against damaging U.S. chipmakers amid coronavirus crisis
By Karen Freifeld and Alexandra Alper WASHINGTON (Reuters) - A group of Senate Republicans is urging U.S. President Donald Trump to avoid hurting American chipmakers, which they see as essential to th...
May 06, 2020
Trump says could say in a week or two whether China adhering to trade deal
WASHINGTON (Reuters) - U.S. President Donald Trump said on Wednesday he would be able to report in about a week or two on whether China is fulfilling its obligations under a Phase-1 trade deal the two...
May 06, 2020
Port of Los Angeles 2020 volume sinks as coronavirus whacks demand
By Lisa Baertlein LOS ANGELES (Reuters) - Cargo volume at the Port of Los Angeles is down 15.5% so far this year as the novel coronavirus upends economies around the globe, Gene Seroka, executive dire...
May 06, 2020
German parliament should legislate to get ECB information from Bundesbank: paper
BERLIN (Reuters) - Germany's parliament should legally oblige the country's central bank to inform it about its activities as a member of the system of euro zone central banks, a legal analysis by the...
May 06, 2020
