Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
TechnipFMC cuts executive pay and dividend as pandemic fallout bites
PARIS (Reuters) - Oil services company TechnipFMC said on Wednesday it would slash the salaries of executives and retainers paid to company directors by 30%, after cutting its dividend by 75% in searc...
Apr 22, 2020
Global air traffic could drop by up to 1.2 billion passengers: ICAO
MONTREAL (Reuters) - International air passenger traffic could drop by as many as 1.2 billion travelers, or two-thirds, by September 2020, as the coronavirus pandemic weighs on demand, the United Nati...
Apr 22, 2020
G20 group addresses actions to support the multilateral trading system: statement
CAIRO (Reuters) - The G20 trade and investment working group addressed in a virtual meeting on Wednesday the long and short-term actions that could help mitigate the impact of the COVID-19 pandemic on...
Apr 22, 2020
Seattle, Tampa Bay newspapers win U.S. payroll support
By David Shepardson (Reuters) - Newspapers in Seattle and Tampa Bay won support from a U.S. program aimed at helping small businesses during the coronavirus pandemic as local advertising revenue has f...
Apr 22, 2020
Xilinx forecasts current-quarter revenue below estimates
(Reuters) - Xilinx Inc on Wednesday forecast first-quarter revenue below estimates and refrained from providing an annual outlook, citing the uncertainty caused by the coronavirus outbreak. Shares of ...
Apr 22, 2020
CSX profit falls as coal, automotive declines weigh on results
LOS ANGELES (Reuters) - U.S. railroad operator CSX Corp on Wednesday withdrew its financial forecasts and said it was evaluating future spending as business shutdowns because of the COVID-19 pandemic ...
Apr 22, 2020
Argentine bond risk spreads widen as market braces for possible default
By Walter Bianchi BUENOS AIRES (Reuters) - Argentine bond prices fell and its country risk spread widened on Wednesday as the market braced for the expected nonpayment of $500 million in interest on g...
Apr 22, 2020
Las Vegas Sands posts first-quarter loss on coronavirus woes
(Reuters) - Casino operator Las Vegas Sands Corp reported a loss for the first quarter compared to a year-ago profit, as the coronavirus-induced lockdown kept people away from gaming tables. Net loss ...
Apr 22, 2020
Kinder Morgan cuts 2020 core profit outlook, spending on coronavirus hit
(Reuters) - U.S. pipeline operator Kinder Morgan Inc cut its expectations for full-year adjusted core earnings on Wednesday and reported a 5.3% fall in quarterly adjusted profit following a coronaviru...
Apr 22, 2020
U.S. Senate’s McConnell says to assess impact on debt before considering helping states
WASHINGTON (Reuters) - U.S. Senate Republican leader Mitch McConnell said on Wednesday he would like to pause and assess the effects of the trillions of dollars in coronavirus stimulus spending so far...
Apr 22, 2020
