Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
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
LVMH warns it is set to drop planned Tiffany takeover
PARIS (Reuters) - French luxury goods giant LVMH warned on Wednesday it was set to walk away from its planned takeover of U.S. jeweler Tiffany , due to complications arising over the deal. (Reporting ...
Sep 09, 2020
KKR injects funds into Selecta amid debt revamp
ZURICH (Reuters) - Financial investor KKR is injecting 125 million euros ($147 million) in additional capital into crisis-hit Swiss snack machine operator Selecta under a debt restructuring agreement....
Sep 09, 2020
Pandemic e-commerce surge spurs race for ‘Tesla-like’ electric delivery vans
By Nick Carey (Reuters) - Delivery fleet operators face regulatory pressure in California and other states to buy electric vehicles, but a surge in package deliveries thanks to coronavirus lockdowns h...
Sep 09, 2020
Futures bounce after tech rout sends Nasdaq into correction
(Reuters) - Nasdaq futures bounced on Wednesday following a brutal sell-off in heavyweight technology stocks that sent the Nasdaq Composite index into correction territory in just three sessions. The ...
Sep 09, 2020
Thai economy to shrink 7%-9% this yr, protests a worry: business groups
By Satawasin Staporncharnchai and Kitiphong Thaichareon BANGKOK (Reuters) - Thailand's economy is expected to contract between 7% and 9% this year from the impact of the coronavirus pandemic, while fr...
Sep 09, 2020
China’s Huawei to share progress of Google Android OS rival amid U.S. tensions
By David Kirton SHENZHEN, China (Reuters) - Huawei Technologies is expected to respond on Thursday to the latest salvo of U.S. technology restrictions against it and share its progress on developing a...
Sep 09, 2020
Bank of England tells insurers to step up climate change preparations
LONDON (Reuters) - How much capital insurers must hold could be directly linked to their readiness to cope with risks from climate change, a senior Bank of England official said on Wednesday. BoE exec...
Sep 09, 2020
Salzgitter CEO rejects idea of steel alliance with Thyssenkrupp
HAMBURG (Reuters) - Germany's second-largest steelmaker Salzgitter is not interested in an alliance with rival Thyssenkrupp , Chief Executive Heinz Joerg Fuhrmann told Reuters. "We currently do not se...
Sep 09, 2020
