Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Exclusive: U.S. airlines burn $10 billion a month as traffic plummets
By David Shepardson and Tracy Rucinski (Reuters) - U.S. airlines are collectively burning more than $10 billion in cash per month and averaging fewer than two dozen passengers per domestic flight, ind...
May 05, 2020
Brazil’s corn farmers face scarce rains, losses: weather forecasters
SAO PAULO (Reuters) - Brazilian corn farmers hoping for relief from drought were disappointed by weaker than expected rains this week, while frost expected in the state of Parana could bring further l...
May 05, 2020
Occidental posts loss on $1.4 billion charges, cuts budget again
(Reuters) - Occidental Petroleum Corp on Tuesday reported that it swung to a loss in the first quarter on write downs, and the troubled oil producer cut its budget for the third time since March in re...
May 05, 2020
Capital One’s North America, UK offices to stay closed until September: memo
NEW YORK (Reuters) - Capital One Financial Corp told staff on Tuesday that the bank's offices in the United States, the UK and Canada will remain closed to all non-essential staff due to the outbreak ...
May 05, 2020
Match quarterly revenue hit by slowing Tinder growth
(Reuters) - Match Group Inc reported quarterly revenue that fell short of Wall Street estimates on Tuesday, hit by slowing growth in its popular dating app "Tinder" as fewer people signed up and paid ...
May 05, 2020
Finnair plans to launch 500-million-euro offering in second quarter
(Reuters) - Finnish flag carrier Finnair expects to launch a 500-million-euro ($542 million) rights offering, an amount that exceeds its current equity, in the second quarter, it said late on Tuesday....
May 05, 2020
Mattel readies Baby Yoda toys for Christmas as factories come back online
(Reuters) - Mattel Inc will have a new line of "Baby Yoda" toys ready to hit shelves in time for Christmas, the toymaker said on Tuesday, as it joined rival Hasbro in charting a recovery from the fina...
May 05, 2020
Wells Fargo gets federal inquiries over handling of PPP loans
(Reuters) - Wells Fargo & Co said on Tuesday it has received inquiries from federal agencies over its loan offerings under the Paycheck Protection Program (PPP), a federal coronavirus relief program. ...
May 05, 2020
Disney takes $1.4 billion coronavirus hit, sets date to reopen Shanghai park
By Munsif Vengattil and Lisa Richwine (Reuters) - Walt Disney Co estimated global coronavirus lockdowns cut profits by $1.4 billion, mostly from its shuttered theme parks, but said it would reopen Sha...
May 05, 2020
Beyond Meat results beat, suspends 2020 forecast on COVID-19 concerns
(Reuters) - Beyond Meat Inc reported better-than-expected quarterly results on Tuesday as it sold more of its plant-based meat products and cut costs on packaging and labor, sending its shares up 3% a...
May 05, 2020
