Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Futures rise on optimism around Fed; FedEx results shine
By Shreyashi Sanyal (Reuters) - U.S. stock index futures rose on Wednesday as investors hoped for a pledge by the Federal Reserve to keep interest rates low for a prolonged period, with upbeat quarter...
Sep 16, 2020
Southwest cuts third-quarter cash burn outlook
(Reuters) - Southwest Airlines Co said on Wednesday it now expects cash burn to slow to $17 million per day in the third quarter, as airlines continued to top the list of industries hit by the coronav...
Sep 16, 2020
Exclusive: GM to manufacture own ‘family’ of EV drive systems, motors
By Norihiko Shirouzu (Reuters) - General Motors Co is set to announce plans on Wednesday to put into production an interchangeable "family" of electric vehicle (EV) drive systems and motors, boosting ...
Sep 16, 2020
France says Lebanese depositors may not get all their cash, minutes show
BEIRUT (Reuters) - A senior French official has said it might be difficult for Lebanon's banks to stick to the principle that savers should not lose any of their deposits, according to the minutes of ...
Sep 16, 2020
Online fitness training platform Zwift raises $450 million in funding round led by KKR
(Reuters) - Popular online fitness training platform Zwift raised $450 million in a new investment round led by U.S. private equity firm KKR & Co Inc , the company said on Wednesday. The latest invest...
Sep 16, 2020
Color blind? How boardroom diversity data eludes advocates
By Ross Kerber, Jessica DiNapoli and Simon Jessop BOSTON/NEW YORK (Reuters) - Last month CtW Investment Group urged Fresenius Medical Care AG to add diverse directors to its board. The group determine...
Sep 16, 2020
Nintendo online subscriptions soar driven by ‘Animal Crossing’ fans
By Sam Nussey TOKYO (Reuters) - Japan's Nintendo Co Ltd on Wednesday reported surging user numbers for its Switch Online subscription service, driven by hit titles like "Animal Crossing: New Horizons"...
Sep 16, 2020
German startup sennder acquires Uber’s European freight business
BERLIN (Reuters) - German freight startup sennder said on Wednesday it had acquired Uber's European freight business in an all-stock deal that will see the U.S. ride hailing company become a minority ...
Sep 16, 2020
Amazon UK unit pays $8 million corporation tax as sales hit $17.5 billion
By Tom Bergin LONDON (Reuters) - Amazon.com Inc's main UK subsidiary, Amazon UK Services Ltd., paid just 6.3 million pounds ($8 million) in corporation tax in 2019 despite the group reporting over $17...
Sep 16, 2020
EU executive wants tougher 2030 climate target, billions in green bonds
By Kate Abnett BRUSSELS (Reuters) - The European Union's chief executive on Wednesday said the bloc should commit to deeper emissions cuts over the next decade, and pledged to use green bonds to finan...
Sep 16, 2020
