Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
CEO of wind farm group Orsted to step down
COPENHAGEN (Reuters) - Orsted Chief Executive Henrik Poulsen has resigned after eight years at the helm of the Danish offshore wind farm developer, the company said on Monday. Poulsen, who became Orst...
Jun 15, 2020
Kaplan says economy will start to rebound in second half of 2020 but unemployment will remain high
NEW YORK (Reuters) - The U.S. economy will experience a "significant, historic" contraction in the second quarter before it starts to rebound, and unemployment will remain elevated at the end of 2020,...
Jun 15, 2020
Exclusive: U.S. to allow companies to work with Huawei on standards – sources
(Reuters) - The U.S. will amend its prohibitions on U.S. companies doing business with China's Huawei to allow them to work together in standards settings for next generation 5G networks, according to...
Jun 15, 2020
Explainer: How Fed’s Main Street program compares to other small business pandemic aid
By Jonnelle Marte (Reuters) - The Federal Reserve on Monday launched its latest life raft for U.S. businesses hurt by the coronavirus pandemic. Administered by the Boston Fed, the Main Street Lending ...
Jun 15, 2020
Mnuchin will discuss PPP oversight with Congress after criticism
By Pete Schroeder WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Monday he would talk to Congress about proper oversight of $660 billion in small business economic relief, after...
Jun 15, 2020
Exclusive: BlackRock injects $18 billion into European firms during pandemic – source
By Simon Jessop LONDON (Reuters) - The world's biggest asset manager BlackRock has pumped about 16 billion euros ($18 billion) into 810 European companies since the end of January, more than half of t...
Jun 15, 2020
Hisense to start TV set production in Slovenia in January
LJUBLJANA (Reuters) - China's household appliances maker Hisense plans to start producing TV sets in Slovenia in January 2021, creating about 350 jobs in the country, Hisense said on Monday. Productio...
Jun 15, 2020
Mexican president says he would sell gasoline to Venezuela if asked
MEXICO CITY (Reuters) - Mexican President Andres Manuel Lopez Obrador said on Monday his country would sell gasoline to Venezuela, if asked to do so, for "humanitarian" reasons, despite a raft of U.S....
Jun 15, 2020
Head of Malaysia’s PNB steps down, cites concern for wellbeing of family
By Liz Lee KUALA LUMPUR (Reuters) - Malaysia's largest asset manager Permodalan Nasional Bhd (PNB) has accepted the resignation of its president and group chief executive, effective immediately, it sa...
Jun 15, 2020
Amazon CEO Jeff Bezos is willing to testify before congress: letter
WASHINGTON (Reuters) - Amazon Chief Executive Jeff Bezos is willing to testify to a congressional panel investigating potential violations of antitrust law by big tech firms, according to a letter to ...
Jun 15, 2020
