Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Fed’s Kaplan says disadvantaged Americans need help getting back to work
By Jonnelle Marte (Reuters) - Women and minorities, who have been affected by pandemic-related job losses, will need help getting back to work as more economic activity shifts to sectors less dependan...
Oct 14, 2020
Wells Fargo fires over 100 employees for COVID-19 relief fund misuse: source
(Reuters) - Wells Fargo & Co has fired about 100 to 125 employees for unethically availing themselves of coronavirus relief funds, according to a source familiar with the matter. The bank believes som...
Oct 14, 2020
U.S. Treasury chief urges IMF, World Bank to be prudent fighting pandemic
By Andrea Shalal and David Lawder WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin on Wednesday urged the International Monetary Fund and World Bank to work judiciously within their exist...
Oct 14, 2020
Citigroup drops lawsuit against Investcorp over accidental Revlon payment
(Reuters) - Citigroup Inc is dropping claims against one of the entities it had sued in an attempt to recoup nearly $1 billion that it mistakenly sent to lenders of Revlon Inc, according to a court fi...
Oct 14, 2020
Japan’s Dentsu lobbied for and funded campaign for Tokyo games, documents show, despite Olympics contract
By Antoni Slodkowski, Mari Saito and Nathan Layne TOKYO/NEW YORK (Reuters) - Dentsu Group Inc donated more than $6 million to Tokyo's successful campaign to host the 2020 Olympics, according to bank r...
Oct 14, 2020
Latin American borrowers dial up sustainability efforts
By Aaron Weinman NEW YORK (LPC) - Latin America's largest corporate borrowers are doubling down on their commitment to sustainable finance, tying new bank loans to key performance indicators that ensu...
Oct 14, 2020
United Airlines third-quarter revenue drops 78%
(Reuters) - United Airlines said on Wednesday its total revenue dropped 78% in the third quarter, slowing from an about 87% plunge in the previous quarter as demand for air travel gradually recovered ...
Oct 14, 2020
Top Brussels officials press UK PM Johnson for progress in trade talks
BRUSSELS (Reuters) - Top EU officials in Brussels told Prime Minister Boris Johnson in a call on Wednesday evening that Britain had to move in their talks on a new trade partnership after Brexit. "We ...
Oct 14, 2020
Tesla’s back-to-back price cuts put sticker on U.S. Model S below $70,000
(Reuters) - Tesla Inc will further cut the price of its Model S "Long Range" sedan in the United States to $69,420, the electric carmaker's chief executive, Elon Musk, announced in a tweet https://bit...
Oct 14, 2020
Amazon broke virus safety vows, workers say: Bloomberg News
(Reuters) - Amazon.com Inc has reinstated warehouse productivity quotas despite telling a judge it was suspending them during the COVID-19 pandemic, Bloomberg News reported on Wednesday, citing a cour...
Oct 14, 2020
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