Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
UK budget office sees debt above 106% of GDP this year
LONDON (Reuters) - Britain's official budget forecasters raised their estimate for the size of the country's public debt pile at the end of the current financial year, after data showed earlier on Fri...
Aug 21, 2020
Citigroup files third lawsuit over accidental Revlon payment
(Reuters) - Citigroup Inc filed a third lawsuit on Friday in its latest attempt to recoup nearly $1 billion it mistakenly sent to lenders of Revlon Inc . The third largest U.S. bank has so far sued a ...
Aug 21, 2020
Take Five: Going virtual in Jackson Hole
LONDON (Reuters) - 1/ POWELL TAKES (VIRTUAL) CENTRE STAGE A lot has been riding on the Fed in recent months: risk assets have surged on the back of its do-whatever-it-takes approach to propping up the...
Aug 21, 2020
Wells Fargo resumes job cuts after pandemic break
(Reuters) - Wells Fargo & Co resumed job cuts in early August after it paused layoffs in March because of the COVID-19 pandemic, a spokeswoman said on Friday. The lender said in July it would launch a...
Aug 21, 2020
U.S. existing home sales shoot to near 14-year high in July
WASHINGTON (Reuters) - U.S. home sales rose at a record pace for a second straight month in July and home prices hit a record as historically low interest rates boosted demand for homes even as the co...
Aug 21, 2020
U.S. business activity surges to early 2019 levels: Markit flash PMI
NEW YORK (Reuters) - U.S. business activity snapped back to the highest since early 2019 this month as companies in both the manufacturing and services sectors saw a resurgence in new orders even as n...
Aug 21, 2020
Ryanair to cut significantly fewer jobs after pay deals: operations director
DUBLIN (Reuters) - Ryanair plans to cut significantly fewer jobs than the 3,000 it originally estimated, after 97% of pilots and over 90% of cabin crew signed up so far to pay cuts and work practice c...
Aug 21, 2020
Amazon’s consumer business head Jeff Wilke to retire
(Reuters) - Amazon.com Inc said on Friday Jeff Wilke, chief executive officer of its consumer business, would retire from early next year. (Reporting by Akanksha Rana in Bengaluru; Editing by Anil D'S...
Aug 21, 2020
RWE wants coal phase-out compensation paid quickly
FRANKFURT (Reuters) - German utility RWE wants compensation from the government for phasing out coal power generation to be paid out as quickly as possible, it said on Friday. "RWE wants to ensure tha...
Aug 21, 2020
China promised to follow Phase One trade deal, Pompeo says
WASHINGTON (Reuters) - China has promised to follow the Phase One trade deal reached with the United States, Secretary of State Mike Pompeo said on Friday, despite a delay in talks to review progress ...
Aug 21, 2020
