Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
U.S. judge rejects GM bid to reopen racketeering case against Fiat Chrysler
(Reuters) - A federal judge in Detroit on Friday rejected a bid by General Motors Co to reinstate a racketeering lawsuit against its smaller rival Fiat Chrysler Automobiles NV (FCA). U.S. District Jud...
Aug 14, 2020
Hopes for fresh round of U.S. coronavirus relief fade as Congress goes home
By David Morgan WASHINGTON (Reuters) - The prospects for a deal in the U.S. Congress to help Americans suffering due to the coronavirus pandemic dimmed on Friday, with the Senate and House of Represen...
Aug 14, 2020
Retailers launch coalition to fight counterfeits on Amazon
By Nandita Bose WASHINGTON (Reuters) - The Retail Industry Leaders Association (RILA), whose members include companies such as Walmart Inc and Target Corp, said on Friday it has joined over a dozen tr...
Aug 14, 2020
U.S. manufacturing production rises more than expected in July
WASHINGTON (Reuters) - U.S. factory output increased more than expected in July, boosted by a surge in motor vehicle production. The Federal Reserve said on Friday manufacturing production rose 3.4% l...
Aug 14, 2020
U.S. first-quarter productivity rises at its fastest pace in 11 years
WASHINGTON (Reuters) - U.S. worker productivity increased at its fastest pace in 11 years in second quarter as hours plunged amid the COVID-19 pandemic, leading to an acceleration in labor costs. The ...
Aug 14, 2020
Ant Group makes pre-listing filing in China for blockbuster IPO
By Kane Wu HONG KONG (Reuters) - Ant Group, the fintech arm of Chinese e-commerce company Alibaba Group Holding , has made a preparatory filing with China's securities regulator for its planned blockb...
Aug 14, 2020
U.S. retail sales rise less than expected in July
WASHINGTON (Reuters) - U.S. retail sales in July increased less than expected and could slow further in the months because of spiraling new COVID-19 infections and a reduction in unemployment benefit ...
Aug 14, 2020
U.S. House Republican says Democrats’ COVID-19 bill would harm market
WASHINGTON (Reuters) - U.S. House of Representatives Republican leader Kevin McCarthy said on Friday that Democratic legislation on coronavirus relief would undermine the stock market, if enacted into...
Aug 14, 2020
Walmart’s Flipkart eyes alcohol delivery foray with Indian startup, letters show
By Aditya Kalra NEW DELHI (Reuters) - Walmart's e-commerce platform Flipkart has partnered with a startup backed by spirits giant Diageo to deliver alcohol in two Indian cities, according to governmen...
Aug 14, 2020
Toshiba shareholder 3D Investment wants independent probe into AGM vote: letter
By Makiko Yamazaki TOKYO (Reuters) - A major investor in Japan's Toshiba Corp has called for a third-party investigation into the conglomerate's annual shareholder meeting, saying its vote was not ful...
Aug 14, 2020
