Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
European freight players turn to railways to speed up supplies from China
LONDON/COPENHAGEN (Reuters) - Transporters including Denmark's Maersk are increasingly moving critical medical equipment to Europe from China by rail as air and sea cargoes struggle with lockdowns due...
May 01, 2020
Baker Hughes to sell rod lift business to private equity group
(Reuters) - Oilfield services provider Baker Hughes Co on Friday agreed to sell its Lufkin rod lift unit to private equity fund manager KPS Capital Partners for an undisclosed amount. Oilfield service...
May 01, 2020
Scandal-hit Luckin Coffee’s technology head resigns, WSJ reports
(Reuters) - Luckin Coffee Inc's Chief Technology Officer He Gang has resigned, the Wall Street Journal reported on Friday, citing people familiar with the matter. He left Luckin on Thursday after abou...
May 01, 2020
COVID-19 general insurance losses seen higher than 9/11 claims: broker
(Reuters) - Insurance broker Willis Towers Watson on Friday estimated general insurance losses between $32 billion and $80 billion across key classes in the United States and UK from the novel coronav...
May 01, 2020
Fund flows point to market rally curve flattening: BOFA
LONDON (Reuters) - Investment fund flows point to a recent sharp rebound in world stocks and other asset classes flattening in the coming weeks, analysts at investment bank BofA said in a weekly resea...
May 01, 2020
For small business loan program, forgiveness may be the hardest part
By Michelle Price and Pete Schroeder WASHINGTON (Reuters) - The U.S. government's $660 billion small business rescue program has stumbled on missing paperwork, technology failure, and the misdirection...
May 01, 2020
Wall Street Week Ahead: Stocks face test as reopenings could fuel demand – or more coronavirus
By Lewis Krauskopf NEW YORK (Reuters) - A bounce in stocks is likely to face a test in the coming weeks as investors try to gauge whether countries and U.S. states emerging from lockdowns can arrest a...
May 01, 2020
Futures slide as Trump threatens new tariffs on China
By C Nivedita (Reuters) - U.S. stock index futures slid on Friday after President Donald Trump threatened to slap new tariffs on China over the coronavirus crisis, while Apple and Amazon became the la...
May 01, 2020
Volkswagen trucks boss sees autonomous investments under pressure: Spiegel
FRANKFURT (Reuters) - Autonomous vehicle technologies will be among the first to be starved of investment as the auto and truck industry seeks to conserve cash to survive the coronavirus pandemic, Vol...
May 01, 2020
South Africa takes first steps towards reopening battered economy
By Nqobile Dludla, Emma Rumney and Promit Mukherjee JOHANNESBURG (Reuters) - South Africa took its first shaky steps on Friday towards rolling back one of the world's strictest COVID-19 lockdowns as i...
May 01, 2020
