Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Fed’s Main Street program sees largest weekly increase so far
(Reuters) - The Federal Reserve's new Main Street Lending Program for U.S. small and midsize businesses struggling during the coronavirus pandemic more than doubled its loans in the latest week in its...
Aug 13, 2020
WeWork gets new $1.1 billion commitment from SoftBank, cuts burn rate
NEW YORK (Reuters) - The We Company, owner of WeWork, told employees on Thursday that it cut its cash burn rate almost in half to $671 million from the end of last year and obtained a $1.1 billion com...
Aug 13, 2020
California court rules Amazon is liable for injuries from defective products
By Lisa Baertlein LOS ANGELES (Reuters) - Amazon.com can be held liable like other traditional retailers for injuries from defective products sold via its sprawling e-commerce marketplace, a Californi...
Aug 13, 2020
U.S. downloads of WeChat, Signal apps spike after Trump threatens ban
By Krystal Hu (Reuters) - More users in the United States downloaded chat app WeChat and its encrypted alternative Signal, after President Donald Trump threatened to ban WeChat, owned by Chinese compa...
Aug 13, 2020
Former U.S. Fed Chair Yellen among those appearing at Biden economic briefing
By Trevor Hunnicutt WILMINGTON, Del. (Reuters) - Former Federal Reserve Chair Janet Yellen is among those who appeared at a briefing on the economy for U.S. Democratic presidential candidate Joe Biden...
Aug 13, 2020
Trump administration ‘satisfied’ with progress on China trade Phase One deal, Kudlow says
WASHINGTON (Reuters) - White House economic adviser Larry Kudlow on Thursday said the Trump administration is satified with progress on Phase One of the U.S. trade deal with China. "On trade, we are e...
Aug 13, 2020
Impossible Foods raises $200 million in fresh funding
(Reuters) - Plant-based burger maker Impossible Foods said on Thursday it secured $200 million in funding, less than six months after it raised the largest investment ever for a food tech startup, bri...
Aug 13, 2020
Apple removes Fortnite game from App Store
(Reuters) - Apple Inc said on Thursday it removed popular video game Fortnite from its App Store after developer Epic Games enabled a direct payment feature that violated the iPhone maker's in-app pay...
Aug 13, 2020
Toyota, Mazda joint venture Alabama plant will now cost $2.3 billion
WASHINGTON (Reuters) - Toyota Motor Corp and Mazda Motor Corp said on Thursday they will now invest $2.3 billion in a new joint venture Alabama factory, $830 million more than announced in their origi...
Aug 13, 2020
Two Republican senators ask FTC to investigate TikTok’s data collection practices
WASHINGTON (Reuters) - Two prominent U.S. Republican senators sent a letter to the Federal Trade Commission on Thursday asking for an investigation of video-sharing app TikTok's consumer data collecti...
Aug 13, 2020
