Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Exclusive-U.S. trade czar Lighthizer’s advice for Biden on China: “Hold their feet to the fire”
By David Lawder and Andrea Shalal WASHINGTON (Reuters) - President-elect Joe Biden should keep pressing China to stick to the "Phase 1" trade deal, which Beijing has done a "reasonably good job" imple...
Dec 16, 2020
Luckin Coffee to pay $180 million penalty to settle accounting fraud charges -U.S. SEC
By Katanga Johnson (Reuters) - Luckin Coffee Inc has agreed to pay a $180 million penalty to settle accounting fraud charges for "intentionally and materially" overstating its 2019 revenue and underst...
Dec 16, 2020
Wells Fargo extends work from home until at least March 1
(Reuters) - Wells Fargo & Co has extended the ability to work from home for employees until at least March 1 amid the ongoing coronavirus outbreak, a spokeswoman for the bank said on Wednesday. "Throu...
Dec 16, 2020
Exclusive: Boeing hires pilots for airlines to help relaunch 737 MAX – sources
By Eric M. Johnson SEATTLE (Reuters) - Boeing Co is hiring up to 160 pilots to be embedded at airlines in its latest bid to ensure its 737 MAX has a smooth comeback after a 20-month safety ban, accord...
Dec 16, 2020
IBM CEO Arvind Krishna to take over as chairman
(Reuters) - International Business Machines Corp said on Wednesday Chief Executive Officer Arvind Krishna would take over as chairman from Jan. 1, replacing Ginni Rometty, who stepped down as its long...
Dec 16, 2020
Amazon asks U.S. to include warehouse, grocery staff in vaccine rollout
(Reuters) - Amazon.com Inc on Wednesday asked the U.S. government to prioritize essential workers including its warehouse, grocery store and data center staff for receipt of the COVID-19 vaccine, acco...
Dec 16, 2020
German ambassador to U.S. urges quick resolution of aircraft subsidy dispute
WASHINGTON (Reuters) - Germany's ambassador to the United States on Wednesday called for quick action to resolve a U.S.-European dispute over aircraft subsidies, calling it a distraction from issues s...
Dec 16, 2020
MSCI says investors do not expect Biden to change China share restrictions quickly
By Ross Kerber BOSTON (Reuters) - Investors don't expect the new administration of U.S. President-elect Joe Biden to act quickly to change new rules that bar investment in some Chinese companies, an e...
Dec 16, 2020
Texas and nine other U.S. states sue Google for abusing market power
By Diane Bartz and Paresh Dave WASHINGTON (Reuters) -Texas, backed by nine other states, filed a lawsuit against Alphabet Inc-owned Google on Wednesday, accusing it of breaking antitrust law in how it...
Dec 16, 2020
Fed extends pandemic-related dollar ‘swap’ lines for 9 other central banks
By Howard Schneider WASHINGTON (Reuters) - The Federal Reserve will keep dollar "swap" lines open for nine mid-sized foreign central banks until Sept. 30, 2021, extending a program established early i...
Dec 16, 2020
