Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Morgan Stanley to pay $60 million penalty for insufficient oversight of data centers
By Pete Schroeder WASHINGTON (Reuters) - Morgan Stanley will pay a $60 million penalty after a U.S. banking regulator found the firm lacked proper oversight as it decommissioned two business data cent...
Oct 08, 2020
Exclusive: Boeing in talks with Alaska Airlines for potential 737 MAX order – sources
By Eric M. Johnson and Tracy Rucinski SEATTLE/CHICAGO (Reuters) - Boeing Co is in discussions to sell 737 MAX jets to Alaska Airlines once the plane returns to service following a lengthy grounding, t...
Oct 08, 2020
Fed’s Rosengren: had not assumed near-term fiscal stimulus in latest forecast
(Reuters) - Boston Federal Reserve President Eric Rosengren on Thursday said he assumed no new fiscal stimulus this year when making his latest economic projections and thus his outlook was among the ...
Oct 08, 2020
Fed’s Kaplan sees U.S. economy shrinking just 2.5% this year
(Reuters) - Dallas Federal Reserve President Robert Kaplan on Thursday said he expects the U.S. economy to contract 2.5% this year, an upgrade from just over a week ago when he forecast a 3% contracti...
Oct 08, 2020
Fiscal drag, viral carousel, and another stalled week in U.S. recovery
By Howard Schneider WASHINGTON (Reuters) - U.S. hiring last week remained sluggish, retail foot traffic dipped, and a surge in coronavirus cases across the Upper Midwest even dented what had been a ca...
Oct 08, 2020
U.S. Justice Dept antitrust chief likely to leave early 2021: source
WASHINGTON (Reuters) - The head of the U.S. Justice Department's Antitrust Division, Makan Delrahim, will likely step down early next year no matter which party wins the Nov. 3 presidential election, ...
Oct 08, 2020
Co-chair of bipartisan group of U.S. lawmakers says airlines should get grants, not loans
WASHINGTON (Reuters) - The co-chairman of a centrist bipartisan group of U.S. House lawmakers known as the "Problem Solvers", Representative Josh Gottheimer, said Thursday U.S. airlines should get gra...
Oct 08, 2020
Hurricane Delta steams across Gulf of Mexico, halting 80% of oil output
By Erwin Seba HOUSTON (Reuters) - Hurricane Delta raked across the prime U.S. offshore oil producing areas in the Gulf of Mexico on Thursday as energy companies pulled workers from offshore platforms ...
Oct 08, 2020
With no expectation of fiscal stimulus soon, Fed’s Rosengren sees recovery hampered
By Dan Burns (Reuters) - A likely absence of more federal aid for households and businesses this year and the extensive build up of corporate debt will weigh on the U.S. economic recovery from the rec...
Oct 08, 2020
BMW says Brexit could cost auto industry 10-11 billion euros
FRANKFURT (Reuters) - BMW Chief Financial Officer Nicolas Peter on Thursday said Britain's separation from the European Union could cost carmakers and suppliers up to 11 billion euros unless cross-bor...
Oct 08, 2020
