Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
GE cuts some debt using proceeds from sale of biopharma business
(Reuters) - General Electric Co said on Monday it used part of the $20 billion in proceeds from the sale of its biopharma business to cut debt. The U.S. industrial conglomerate last week pulled its fu...
Apr 13, 2020
Fed’s Bostic: Central bank ‘ready to act’ if more is needed – Florida radio
WASHINGTON (Reuters) - The U.S. Federal Reserve is casting a broad net in its hunt for further problems it may need to address and is "going to be present and ready to act if that becomes necessary," ...
Apr 13, 2020
Ford expects loss of $600 million for first quarter
(Reuters) - Ford Motor Co said on Monday it expects first-quarter adjusted loss before interest and taxes to be about $600 million, compared with a profit of $2.4 billion a year earlier. The company s...
Apr 13, 2020
Dish cuts jobs, re-evaluates business in coronavirus fallout
By Munsif Vengattil (Reuters) - Dish Network Corp has cut staff and is re-evaluating its business to cope better with the fallout from the coronavirus pandemic, the U.S. satellite TV provider told Reu...
Apr 13, 2020
Fashion giant Inditex working at reduced capacity despite loosened Spanish lockdown
By Sonya Dowsett MADRID (Reuters) - Employees at global fashion giant Inditex's 10 logistics centres in Spain - from where it sends garments to its stores worldwide - returned to work on Monday but on...
Apr 13, 2020
Performance Food signs deals with retailers to keep shelves stocked
(Reuters) - U.S. food distributor Performance Food Group Co said on Monday it had signed agreements with 13 new retail partners and would have over 1,000 of its employees helping out at grocery stores...
Apr 13, 2020
Chile’s economy to shrink by 4.9% as coronavirus ravages output: poll
By Dave Sherwood SANTIAGO (Reuters) - Chiles output is expected to shrivel by 4.9% in the second quarter as the global coronavirus outbreak continues to pummel one of South Americas most export-driven...
Apr 13, 2020
Russia hails oil deal it says will save millions of U.S. jobs
By Katya Golubkova and Olesya Astakhova MOSCOW (Reuters) - The global oil production deal clinched at the weekend will help to establish a price floor and help to save millions of jobs in the United S...
Apr 13, 2020
Volkswagen to aid U.S. dealers supporting coronavirus relief efforts
(Reuters) - Volkswagen AG said on Monday it would give financial assistance to its U.S. dealers who wish to use their loaner fleet to pickup and deliver essential supplies in areas affected by the COV...
Apr 13, 2020
Chinese manufacturing recovering, but demand now a concern: EU business group
BEIJING (Reuters) - Manufacturing in China, the original epicentre of the COVID-19 pandemic, has largely recovered, but now shutdowns in the rest of the world are threatening the supply of key parts a...
Apr 13, 2020
