Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
U.S. budget watchdog group projects $3.8 trillion deficit for 2020
WASHINGTON (Reuters) - A steep economic downturn and massive coronavirus rescue spending will nearly quadruple the fiscal 2020 U.S. budget deficit to a record $3.8 trillion, a staggering 18.7% of U.S....
Apr 13, 2020
California insurance commissioner orders relief for customers
(Reuters) - California's Insurance Commissioner on Monday ordered insurers to return premiums to consumers and businesses, adding to pressure on insurers to do more to mitigate the financial strain on...
Apr 13, 2020
Ford making masks to protect workers against COVID-19
By Nick Carey DETROIT (Reuters) - Ford Motor Co said on Monday it is producing face masks at a Michigan plant to protect its workers from the coronavirus pandemic and is seeking to have those masks ce...
Apr 13, 2020
Masks, thermometers for Spaniards gradually going back to work
By Isla Binnie MADRID (Reuters) - A factory in northern Spain that makes gearboxes for wind turbines welcomed back workers on Monday after a two-week lockdown across the country to halt the spread of ...
Apr 13, 2020
World Bank sees ‘huge willingness’ to suspend debt payments for poorest countries
WASHINGTON (Reuters) - The World Bank is seeing "a huge willingness" on the part of official bilateral creditors to suspend debt payments by the world's poorest countries so they can focus on fighting...
Apr 13, 2020
Athene pays $45 million fine in first settlement of New York pension transfer probe
By Jonathan Stempel NEW YORK (Reuters) - Athene Holding Ltd agreed on Monday to pay a $45 million civil fine to settle charges it conducted insurance business in New York without a license, the first ...
Apr 13, 2020
Mexico’s economy to shrink 7.6% this year: UBS
MEXICO CITY (Reuters) - Mexico's economy will shrink 7.6% in 2020, more than double a previous forecast, and its "policy response to the coronavirus is among the weakest anywhere in the world," accord...
Apr 13, 2020
McDonald’s faces new class action over ‘pervasive sexual harassment’
By Brendan Pierson (Reuters) - McDonald's Corp has been hit with a class action lawsuit accusing it of subjecting female employees in its corporate-owned fast-food restaurants in Florida to widespread...
Apr 13, 2020
Exclusive: Brazil to launch $1.9 billion credit scheme for micro firms – sources
By Marcela Ayres BRASILIA (Reuters) - Brazil will launch a 10 billion-real ($1.9 billion) program to support micro businesses with good credit history but whose finances have been hit hard by the econ...
Apr 13, 2020
Explainer: Big cuts in oil production from OPEC and others
(Reuters) - Worldwide oil producers, led by OPEC, are expected to cut production by roughly 20 million barrels per day (bpd), roughly equal to 20% of global daily supply, through a combination of mand...
Apr 13, 2020
