Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Federal Reserve lowers community bank leverage ratio
WASHINGTON (Reuters) - The Federal Reserve announced Monday it was lowering the community bank leverage ratio to 8%, which would gradually rise back to 9% by 2022. The rule easing was ordered as part ...
Apr 06, 2020
Uber connects out-of-work U.S. ride-hail drivers to delivery, production jobs
By Tina Bellon (Reuters) - Uber Technologies Inc said on Monday its app will list job openings in the delivery, food production and grocery industry that can be accessed by its U.S. drivers who have b...
Apr 06, 2020
Fear gauges signal calmer trade as coronavirus deaths slow
LONDON (Reuters) - Major stock and currency fear gauges steadily declined over the last week from 2008 levels as a slowdown in the number of coronavirus-related deaths calmed investor nerves and incre...
Apr 06, 2020
China’s vehicle production to drop 11.5% this year: IHS Markit
BEIJING (Reuters) - China's light vehicle production will drop 11.5% this year to around 21.6 million vehicles and will rebound by 7.5% next year, research firm IHS Markit predicted on Monday. Product...
Apr 06, 2020
ILO annual gathering of labour ministers postponed for a year
GENEVA (Reuters) - An annual gathering of the world's labour ministers will not take place this year because of the coronavirus pandemic, but will convene in June 2021, the International Labour Organi...
Apr 06, 2020
IBM taps former Bank of America CTO to oversee cloud business
(Reuters) - International Business Machines Corp on Monday named former Bank of America Corp top technology executive Howard Boville head of its cloud business, as Arvind Krishna takes over from long-...
Apr 06, 2020
Allstate to return $600 million in auto premiums to customers as pandemic cuts driving
(Reuters) - U.S. insurer Allstate Corp said on Monday that it would return more than $600 million in auto insurance premiums to customers as many Americans stay home and drive less due to "shelter-in-...
Apr 06, 2020
Cemex to shut Mexico operations until at least April 30 due to coronavirus
MEXICO CITY (Reuters) - Mexican cement company Cemex will suspend its operations in the country until at least April 30 in line with government guidelines aimed at stopping the spread of coronavirus, ...
Apr 06, 2020
SeaWorld CEO steps down after just five months on the job
(Reuters) - SeaWorld Entertainment Inc said on Monday Sergio Rivera, the theme park operator's chief executive officer for just five months, has resigned due to disagreements with the board. Chief Fin...
Apr 06, 2020
GSK to partner with Vir for potential COVID-19 treatments, invest $250 million
(Reuters) - British drugmaker GlaxoSmithKline Plc will invest $250 million in Vir Biotechnology Inc and collaborate to develop potential treatments for COVID-19, the disease caused by the new coronavi...
Apr 06, 2020
