Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
U.S. federal government to accept new small business relief loans Monday morning
WASHINGTON (Reuters) - The U.S. Small Business Administration (SBA) said on Friday it would resume processing applications for small business relief under the Paycheck Protection Program on Monday at ...
Apr 24, 2020
DuPont doubles output of protective gowns to 30 million per month
By Taru Jain and Arathy S Nair (Reuters) - Industrial materials maker DuPont is doubling production of protective garments it makes from its Tyvek material to about 30 million a month to help meet inc...
Apr 24, 2020
Smithfield to close Illinois pork facility after workers test positive for virus
(Reuters) - World's largest pork processor Smithfield Foods Inc said on Friday it will suspend operations at its Monmouth, Illinois pork processing facility next week after some employees tested posit...
Apr 24, 2020
Trump threatens to block aid for U.S. post office if it does not raise prices for Amazon
By Diane Bartz and Jeff Mason WASHINGTON (Reuters) - President Donald Trump on Friday threatened to block federal aid for the U.S. Postal Service unless it raises shipping rates for online companies l...
Apr 24, 2020
KLM to receive up to 4 billion euros in financial aid: finance minister
AMSTERDAM (Reuters) - KLM, the Dutch subsidiary of Air France KLM , will receive 2-4 billion euros (up to $4.32 billion) in emergency aid to help it through the COVID-19 crisis, Dutch Finance Minister...
Apr 24, 2020
Pandemic could fuel demand for ‘diaspora bonds’, says World Bank
By Andrea Shalal and Tom Arnold WASHINGTON/LONDON (Reuters) - The coronavirus pandemic and its devastating economic impact on developing countries could fuel fresh interest in so-called diaspora bonds...
Apr 24, 2020
Lufthansa seeking 290 million euro loan for Belgian airline: media
BRUSSELS (Reuters) - German airline Lufthansa is seeking a loan of 290 million euros ($313.08 million) loan from the Belgian government to avoid the bankruptcy of its Belgian subsidiary Brussels Airli...
Apr 24, 2020
Scaramucci’s SkyBridge hit with heavy redemption requests as fund fell: letter
By Svea Herbst-Bayliss BOSTON (Reuters) - Investors in SkyBridge Capital asked for hundreds of millions of dollars back after the fund suffered a 23% loss in March when investments made by its debt-fo...
Apr 24, 2020
Congressional estimators see major U.S. economic decline in mid-2020 as coronavirus stifles activity
WASHINGTON (Reuters) - The U.S. economy faces a bleak immediate future with gross domestic product likely contracting 12% in the second quarter and the federal deficit growing to $3.7 trillion, while ...
Apr 24, 2020
Wall Street Week Ahead: Spotlight falls on ‘dividend aristocrats’ after market tumult
By Lewis Krauskopf NEW YORK (Reuters) - Companies across a range of industries are slashing or suspending dividends to cope with the economic fallout from the coronavirus outbreak, complicating the st...
Apr 24, 2020
