Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Pulled in many directions, Biden may keep Trump’s China tariffs in place
By David Lawder and Trevor Hunnicutt WASHINGTON/WILMINGTON, Del. (Reuters) - "Damaging," "reckless" and "disastrous" are some of the words Joe Biden has used to describe tariffs imposed by Donald Trum...
Sep 08, 2020
General Motors acquires 11% stake in electric truck maker Nikola
(Reuters) - General Motors Co said on Tuesday it was acquiring an 11% stake, worth $2 billion, in U.S. electric truck maker Nikola Corp . General Motors will also get a right to nominate one director ...
Sep 08, 2020
IAG shareholders provisionally approve capital raise
LONDON (Reuters) - Shareholders in airlines group IAG overwhelmingly voted to approve the increase in the company shares for a rights issue to raise 2.75 billion euros ($3.25 billion) at its annual me...
Sep 08, 2020
U.S. utilities say Biden plan to cut CO2 hinges on breakthroughs
By Nichola Groom and Valerie Volcovici (Reuters) - The U.S. power industry would struggle to meet presidential hopeful Joe Biden's proposed mandate that it become carbon neutral by 2035 without some b...
Sep 08, 2020
Taxpayer, conservation groups pressure U.S. to halt drilling auctions
(Reuters) - U.S. taxpayer and conservation groups on Tuesday will urge the Trump administration to halt plans to sell oil and gas leases on more than 300,000 acres of public lands this month, saying p...
Sep 08, 2020
Amazon’s Bezos tops Forbes richest list, pandemic knocks Trump lower
By Sheila Dang and Catherine Koppel (Reuters) - Amazon Chief Executive Jeff Bezos topped Forbes' list of richest Americans for the third year in a row, while U.S. President Donald Trump's ranking drop...
Sep 08, 2020
China tech veterans to launch ‘domestic replacement’ fund amid U.S. sanctions
By Samuel Shen and Josh Horwitz SHANGHAI (Reuters) - Chinese tech veterans, including former executives at Huawei and SMIC, are planning to launch a "domestic replacement" fund by the end of the year ...
Sep 08, 2020
Airlines group IAG has regulatory approvals for no-deal Brexit
LONDON (Reuters) - Airlines group IAG said on Tuesday it had obtained the necessary approvals to continue flying if no free-trade deal is agreed between Britain and the European Union. "In compliance ...
Sep 08, 2020
Move aside robots, Tesla bets on aluminium casting
By Edward Taylor and Paul Lienert FRANKFURT/DETROIT (Reuters) - Robots are not efficient enough for Tesla's new car factory in Germany, which plans to replace hundreds of them with giant aluminium cas...
Sep 08, 2020
BlackRock downgrades IG credit to neutral, ups exposure to high-yield bonds
LONDON (Reuters) - The BlackRock Investment Institute said on Tuesday it downgraded investment grade debt to neutral, citing little room for spread compression given that deeper rate cuts and more ass...
Sep 08, 2020
