Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Fed’s Powell says will return Treasury funds as programs set to lapse
WASHINGTON (Reuters) - Fed chair Jerome Powell said Friday he would return unused emergency funds to the U.S. Treasury, as requested by Secretary Steven Mnuchin, as part a decision to let a series of ...
Nov 20, 2020
Exclusive: Zurich Insurance nears $4 billion deal for MetLife unit – sources
By David French NEW YORK (Reuters) - Switzerland's Zurich Insurance Group AG is in advanced talks to acquire MetLife Inc's U.S. property and casualty (P&C) car and home insurance unit for close to $4 ...
Nov 20, 2020
Exclusive: Alpha Bank picks Davidson Kempner as preferred bidder for $12 billion Galaxy bad loans – sources
By Pamela Barbaglia and George Georgiopoulos LONDON/ATHENS (Reuters) - Greece's Alpha Bank has selected U.S. investment fund Davidson Kempner as its preferred bidder to buy a $12 billion portfolio of ...
Nov 20, 2020
AMC Networks to cut jobs in restructuring
(Reuters) - Cable channels operator AMC Networks Inc said on Friday it would restructure its operations by reducing its domestic workforce and centralizing some functional areas. The company did not d...
Nov 20, 2020
White House’s Kudlow says he does not think U.S. economy is slowing down
WASHINGTON (Reuters) - The U.S. economy does not appear to be slowing down and a targeted coronavirus relief package is all that is warranted, White House economic adviser Larry Kudlow told Fox News o...
Nov 20, 2020
UK gearing up to maintain tariffs on U.S. goods in aircraft subsidy case: UK official
By Andrea Shalal WASHINGTON (Reuters) - Britain is gearing up to continue imposing retaliatory tariffs on U.S. goods over subsidies provided to Boeing Co as it completes its withdrawal from the Europe...
Nov 20, 2020
Apple, AT&T ask for tough protection for data in Google lawsuit
WASHINGTON (Reuters) - Apple Inc and AT&T asked the judge hearing the Justice Department's lawsuit against Alphabet's Google on Friday to allow them to designate certain data in the complaint "highly ...
Nov 20, 2020
Analysis: Fed faces ill political winds as Biden prepares for White House
By Ann Saphir and Howard Schneider (Reuters) - The U.S. Congress' rapid response to the coronavirus pandemic in March was meant to unleash a $4 trillion fire hose of credit for a stricken economy, dis...
Nov 20, 2020
Explainer: Fed lending programs – What did they accomplish? How hard would it be to bring them back?
By Jonnelle Marte (Reuters) - Treasury Secretary Steven Mnuchin has said he would pull funding from several of the emergency lending programs set up by the Federal Reserve this year. The announcement ...
Nov 20, 2020
Brexit casts long shadow over UK markets
By Ritvik Carvalho and Tommy Wilkes LONDON (Reuters) - Britain and the European Union are trying to reach a trade deal to regulate their relationship after Dec. 31, an agreement that should lift some ...
Nov 20, 2020
