Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
U.S. bankruptcy court approves airline Avianca’s financing plan
SAO PAULO (Reuters) - Colombian airline Avianca Holdings said on Monday that a U.S. bankruptcy court approved a proposed financing plan of over $2 billion to help the carrier exit Chapter 11 restructu...
Oct 05, 2020
U.S. commercial bankruptcies up 33% year to date
(Reuters) - U.S. commercial bankruptcy filings are up 33% so far this year with new cases in September surging by 78% from a year earlier as the recession triggered by the COVID-19 pandemic hits small...
Oct 05, 2020
Cisco must pay $1.9 billion in patent lawsuit – U.S. judge
(Reuters) - A U.S. judge on Monday ordered Cisco Systems Inc to pay $1.9 billion after a Virginia company accused it of infringing patents related to complex computer network security functions. U.S. ...
Oct 05, 2020
Slack says some users facing performance glitches on app
(Reuters) - Slack Technologies Inc said on Monday some of it users were facing faulty performance on its workplace messaging platform, which is widely used by employees working remotely during the COV...
Oct 05, 2020
FCC chairman stands by net neutrality repeal after appeals court ruling
WASHINGTON (Reuters) - Federal Communications Commission (FCC) chairman Ajit Pai said Monday he stands by the agency's repeal of landmark net neutrality rules and circulated a proposal to address thre...
Oct 05, 2020
Lufthansa CEO says no end in sight to burning through cash
FRANKFURT (Reuters) - Deutsche Lufthansa is burning cash at a rate of 500 million euros ($590 million) per month and is far from breaking even, the German airline's chief executive said on Monday. Spe...
Oct 05, 2020
China’s Didi Chuxing partners with WhatsApp for ride-hailing in Brazil
By Aluisio Alves SAO PAULO (Reuters) - Brazilian ride-hailing service 99, controlled by China's Didi Chuxing Technology Co Ltd, has partnered with WhatsApp to accept orders on the chat platform owned ...
Oct 05, 2020
EU budget rules to remain suspended in 2021: Commission
BRUSSELS (Reuters) - European Union rules that set limits on government borrowing will remain suspended in 2021 as the 27-nation bloc strives to support a recovery from the recession caused by the COV...
Oct 05, 2020
New York Fed begins search for vendor roles on emergency facilities
(Reuters) - The Federal Reserve Bank of New York said Monday it will begin a competitive search process for key vendor roles across several of the emergency lending facilities launched in response to ...
Oct 05, 2020
Oil firms start offshore Gulf of Mexico evacuations as storm threatens
By Erwin Seba HOUSTON (Reuters) - Energy companies on Monday began evacuating offshore oil platforms as the 25th named storm of the year formed in the Caribbean and was forecast to move into the Gulf ...
Oct 05, 2020
