Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
American Eagle beats quarterly revenue estimates
(Reuters) - American Eagle Outfitters Inc beat Wall Street estimates for second-quarter revenue on Wednesday, as people stuck at home due to the COVID-19 pandemic shopped online for athleisure and lou...
Sep 09, 2020
AstraZeneca pauses coronavirus vaccine trial, shares slip on rollout doubts
LONDON (Reuters) - AstraZeneca has suspended global trials of its experimental coronavirus vaccine after an unexplained illness in a participant, knocking the British drugmaker's shares on Wednesday a...
Sep 09, 2020
Ryanair steels for winter ‘write-off’ as travel gloom deepens
By Conor Humphries and Laurence Frost DUBLIN/PARIS (Reuters) - Ryanair slashed its annual passenger target by another 10 million on Wednesday, becoming the latest European airline to signal more capac...
Sep 09, 2020
United Airlines cuts quarterly revenue forecast further
(Reuters) - United Airlines Holdings said on Wednesday it now expects third-quarter passenger revenue and capacity to be down about 85%, lower than its previous forecast. United had previously estimat...
Sep 09, 2020
Jeff Bezos-backed cancer testing company Grail files for U.S. IPO
(Reuters) - U.S-based cancer testing startup Grail Inc, which has received funding from Amazon.com Inc founder Jeff Bezos, on Wednesday filed for a U.S. initial public offering. (Reporting by Manas Mi...
Sep 09, 2020
Investors to increase EM exposure over next five years: survey
NEW YORK (Reuters) - A majority of investors are planning to increase their emerging markets exposure over the next five years, even as concerns over the impact of the COVID-19 pandemic are limiting t...
Sep 09, 2020
Blackstone’s Schwarzman emerges as Wall Street’s top political donor
By Chibuike Oguh NEW YORK (Reuters) - Blackstone Group Inc Chief Executive Stephen Schwarzman has spent more than $27 million so far this year backing U.S. politicians, including President Donald Trum...
Sep 09, 2020
U.S. money manager VanEck eyes China mutual fund license: sources
SHANGHAI/HONG KONG (Reuters) - New York-based money manager VanEck is eyeing a mutual fund license in China, two sources told Reuters, which will allow it tap the country's $2.6 trillion retail fund m...
Sep 09, 2020
Exclusive: Renault’s De Meo eyeing possible further cost cuts – memo
PARIS (Reuters) - French carmaker Renault might have to dig deeper than the 2 billion euros of cost cuts it has already outlined to get back on its feet, new Chief Executive Luca de Meo said in an int...
Sep 09, 2020
Britain’s Lloyds Banking Group cuts 865 jobs
By Iain Withers LONDON (Reuters) - Britain's biggest domestic bank Lloyds is making 865 redundancies, as lenders resume cost-cutting measures while the COVID-19 pandemic hammers the industry's profits...
Sep 09, 2020
