Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
GE enters into $15 billion loan agreement
(Reuters) - General Electric Co entered into a revolving credit agreement for $15 billion, according to a regulatory filing on Monday. The current agreement is set to mature on April 17, 2023 and refi...
Apr 20, 2020
Coronavirus hits German services, job fears dent consumption: finance ministry
BERLIN (Reuters) - Measures to contain the coronavirus pandemic are hitting Germany's services and the retail sector especially hard, the finance ministry said on Tuesday, adding that factory closures...
Apr 20, 2020
Goldman Sachs looks for good borrowers, depositors in the cracks of coronavirus
By Elizabeth Dilts Marshall NEW YORK (Reuters) - Goldman Sachs Group Inc is forging new partnerships with customers who may be facing financial hardships during the coronavirus, counting on them to be...
Apr 20, 2020
Schumer urges Fed’s Powell to open loan programs to nonprofits, local governments
WASHINGTON (Reuters) - U.S. Senate Democratic leader Chuck Schumer said he had urged Federal Reserve Chairman Jerome Powell in a phone call on Monday to open Fed's Main Street Lending program to nonpr...
Apr 20, 2020
U.S. car rental company Hertz to lay off 10,000 staff
(Reuters) - U.S. car rental company Hertz Global Holdings Inc said on Monday it plans to lay off 10,000 employees to cut costs amid the economic fallout of the COVID-19 pandemic. The company will incu...
Apr 20, 2020
Albemarle names J. Kent Masters as CEO
(Reuters) - World's largest lithium producer Albemarle Corp said on Monday J. Kent Masters has been elected as the chairman and chief executive officer, effective immediately, replacing Luke Kissam. M...
Apr 20, 2020
IBM misses revenue estimates but cloud jumps; withdraws forecast
(Reuters) - International Business Machines Corp posted quarterly revenue slightly lower than Wall Street expected, but beat profit targets as sales in its high-margin cloud computing business rose 19...
Apr 20, 2020
WeWork committee pushes back against SoftBank, defends right to represent shareholders
(Reuters) - A special committee of WeWork board members on Monday rejected an assertion by SoftBank Group Corp that it does not have authority to represent the interests of minority shareholders of th...
Apr 20, 2020
Mortgage payments paused or reduced for 3 million U.S. households, survey suggests
WASHINGTON (Reuters) - Some 3 million U.S. households have won at least a measure of relief on mortgage payments as efforts to squelch the coronavirus pandemic throw millions out of work and stretch h...
Apr 20, 2020
UAW, Detroit automakers in talks over safety rules to reopen U.S. plants
By Nick Carey DETROIT (Reuters) - Detroit's automakers and the United Auto Workers (UAW) union are in talks about safely restarting U.S. production halted by the coronavirus pandemic, but local union ...
Apr 20, 2020
