Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Fed’s Barkin: Best ‘stimulus’ would be consistency about reopening protocols
WASHINGTON (Reuters) - The best way to get the economy back on track would be "consistency and unanimity" among state and federal officials about the health protocols needed for businesses to operate ...
May 06, 2020
Germany’s Bundesbank will have to shoulder the ECB’s legal fight – sources
By Francesco Canepa, Balazs Koranyi and Frank Siebelt FRANKFURT (Reuters) - Germany's central bank will have to take the lead in persuading authorities that the European Central Bank has not exceeded ...
May 06, 2020
Uber to cut 3,700 jobs, CEO Khosrowshahi to waive base salary
(Reuters) - Uber Technologies Inc will cut about 3,700 full-time jobs and Chief Executive Officer Dara Khosrowshahi will forgo his base salary for the remainder of the year, the company said on Wednes...
May 06, 2020
U.S. drafts rule to allow Huawei and U.S. firms to work together on 5G standards: sources
By Karen Freifeld and Chris Prentice (Reuters) - The U.S. Department of Commerce is close to signing off on a new rule that allows U.S. companies to work with China's Huawei Technologies on setting st...
May 06, 2020
German finance lawmaker wants Bundestag role in supervising ECB
BERLIN (Reuters) - German parliamentarians should be involved in closer supervision of the European Central Bank after Tuesday's ruling by Germany's highest court, which gave the ECB three months to j...
May 06, 2020
‘Nowcasting’ the economy: how pandemic forced French forecasters to get real
By Leigh Thomas PARIS (Reuters) - What do you do when you need to gauge the depth of an economic slump, so that you can make rapid crisis calls in real-time, when all the usual indicators lag reality ...
May 06, 2020
As central banks break the junk debt barrier, investors will follow
By Sujata Rao-Coverley (Reuters) - Recent central bank bond-buying to calm market turmoil has breached the wall dividing top-grade debt from so-called junk-rated issues, raising the likelihood of the ...
May 06, 2020
United Airlines to offer $2.25 billion bonds in private deal
(Reuters) - United Airlines Holdings Inc said it plans to raise $2.25 billion through a bond offering as it grapples with a slump in air travel demand due to government-mandated lockdowns across the w...
May 06, 2020
Abercrombie & Fitch begins store reopenings as lockdowns ease
(Reuters) - Abercrombie & Fitch Co has begun reopening stores in parts of the world where lockdown restrictions have eased, the company said on Wednesday, as more retailers chart out paths to recovery...
May 06, 2020
China’s Alibaba launches ‘outlet’ platform to shift luxury overstock
MILAN (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd has launched a new luxury platform targeting younger consumers that also aims to help high-end brands shed excess inventory built u...
May 06, 2020
