Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Ford to cut 1,400 U.S. salaried jobs through buyouts by year end
DETROIT (Reuters) - Ford Motor Co said on Wednesday is targeting the elimination of 1,400 U.S. salaried jobs by year end as part of its ongoing, multiyear $11 billion restructuring. The layoffs will b...
Sep 02, 2020
Credit Suisse CEO says FINMA enforcement case was to be expected
ZURICH (Reuters) - An enforcement proceeding opened by Swiss financial watchdog FINMA against Credit Suisse over a spying scandal was to be expected, the bank's chief executive said on Wednesday. "It ...
Sep 02, 2020
Pandemic may help global deal on taxing digital giants: German finmin
BRUSSELS (Reuters) - The pressure from the COVID-19 pandemic on government finances might help bring about a stalled international agreement on how to tax digital giants like Google, Amazon , Facebook...
Sep 02, 2020
Commerzbank to drop EY as auditor from 2022 in wake of Wirecard scandal
FRANKFURT (Reuters) - Commerzbank said on Wednesday it would drop EY as its auditor from 2022 in the wake of the Wirecard accounting scandal. EY had signed off for years on the accounts of Wirecard , ...
Sep 02, 2020
IKEA stores owner Ingka plans 600 million euros in sustainability investment
STOCKHOLM (Reuters) - Ingka Group, the owner of most IKEA stores, plans 600 million euros ($712 million) in sustainability-related investments over the next 12 months as the world's biggest furniture ...
Sep 02, 2020
Germany’s Scholz: EU recovery prospects good, but worst might not be over
BRUSSELS (Reuters) - There are indications that the European economy will recover well from the pandemic-induced recession, but the worst might not be over yet, Germany's Finance Minister Olaf Scholz ...
Sep 02, 2020
India bans 118 mobile apps including Tencent’s PUBG
BENGALURU (Reuters) - India has banned another 118 mostly Chinese mobile apps including Tencent Holdings Ltd's popular videogame PUBG, citing data security concerns, according to a government statemen...
Sep 02, 2020
Investors shun Thailand as growth weakens, political protests heat up
By Tom Westbrook and Scott Murdoch SINGAPORE/HONG KONG (Reuters) - A selloff in the Thai baht, underperforming stocks and pressure on the bond market reflect growing concern from global investors over...
Sep 02, 2020
U.S. private payrolls increase modestly in August: ADP
WASHINGTON (Reuters) - U.S. private payrolls increased less than expected in August, suggesting that the labor market recovery was slowing as the COVID-19 pandemic drags on and fiscal stimulus fades. ...
Sep 02, 2020
NBA legend Michael Jordan joins DraftKings as special adviser to board
(Reuters) - DraftKings Inc said on Wednesday basketball legend Michael Jordan has joined the e-sports and gambling company's board as a special adviser. Shares of the company jumped more than 13% to $...
Sep 02, 2020
