Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
India’s Zomato raises $160 million from Tiger Global, Temasek unit
BENGALURU (Reuters) - Indian food delivery company Zomato has raised $160 million from U.S. hedge fund Tiger Global Management LLC and a unit of Singapore's Temasek Holdings, its top shareholder Info ...
Sep 10, 2020
VW’s trucks arm Traton sweetens Navistar offer to $43 per share
FRANKFURT (Reuters) - Volkswagen's trucks arm Traton on Thursday increased its takeover offer for U.S. peer Navistar to $43.00 per Navistar share, up from $35 per share. Volkswagen made an initial tak...
Sep 10, 2020
Pandemic widens hole in German tax revenues as Scholz eyes more debt
BERLIN (Reuters) - The German federal government expects its tax revenues from 2020 to 2024 to come in 19.1 billion euros lower than previously projected as the coronavirus pandemic continues to erode...
Sep 10, 2020
Russian watchdog files $2 billion lawsuit against Nornickel for fuel spill damage
MOSCOW (Reuters) - Russia's environment watchdog said on Thursday that it had filed a lawsuit against a power business owned by mining giant Norilsk Nickel to claim 148 billion roubles ($1.96 billion)...
Sep 10, 2020
Options market signals bumpy ride for Tesla shares
LONDON (Reuters) - Tesla shares edged up on Thursday in U.S. premarket trade, extending a recovery from this week's drop, but analysts see a bumpy ride ahead as an extreme build-up in derivative posit...
Sep 10, 2020
U.S. producer prices beat expectations in August
WASHINGTON (Reuters) - U.S. producer prices rose a bit more than expected in August as the cost of services increased solidly, while underlying producer inflation continued to firm. The producer price...
Sep 10, 2020
Brazil airline Gol expects to halve cash burn for remainder of 2020
SAO PAULO (Reuters) - Brazil's Gol Linhas Aereas Inteligentes said on Thursday it expects to burn through 3 million reais ($565,195.27) a day for the rest of 2020, half of its previously announced exp...
Sep 10, 2020
Citi CEO Michael Corbat to step down
(Reuters) - Citigroup Inc Chief Executive Officer Michael Corbat will step down in February 2021, after 37 years with the bank. Citi president Jane Fraser will succeed Corbat, the bank said on Thursda...
Sep 10, 2020
U.S. weekly jobless claims stuck at higher levels
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits hovered at high levels last week, strengthening views that the labor market was settling into a more gradual ...
Sep 10, 2020
Citroen pitches car at TikTok generation
PARIS (Reuters) - France's Citroen has a new vehicle it hopes will reach a market most major carmakers have not tapped - drivers as young as 14. The French automaker's tiny two-seater Citroen Ami vehi...
Sep 10, 2020
