Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Starbucks to hike employee pay 10% or more on Dec. 14: memo
(Reuters) - Starbucks Corp will hike pay for baristas, shift supervisors and cafe attendants by at least 10% effective Dec. 14, according to an internal memo seen by Reuters. The wage increase, first ...
Nov 18, 2020
Hedge funds sold Moderna, BioNtech shares before vaccine news
By Svea Herbst-Bayliss BOSTON (Reuters) - A number of hedge funds sold positions in two drug companies leading the race to a coronavirus vaccine in the quarter before both announced breakthroughs that...
Nov 18, 2020
U.S., South Korean business groups urge trade, 5G cooperation between their governments
WASHINGTON (Reuters) - U.S. and South Korean business groups on Wednesday called for the United States to eliminate President Donald Trump's national security tariffs on steel, aluminum and other prod...
Nov 18, 2020
Tesla surges for second day ahead of S&P 500 debut
By Noel Randewich (Reuters) - Shares of Tesla surged 10% to end near a record high on Wednesday, extending a two day rally after it was announced the electric car maker will join the S&P 500. The Cali...
Nov 18, 2020
U.S. import boom is delaying cargo at nation’s busiest port
By Lisa Baertlein LOS ANGELES (Reuters) - Record cargo imports are causing delays that are rippling from the nation's busiest U.S. port complex to other parts of the transportation network, port offic...
Nov 18, 2020
France says countries could move ahead on EU budget without Poland, Hungary
PARIS (Reuters) - European leaders could push ahead with a post-coronavirus recovery fund and European Union budget without Hungary and Poland as a last resort should they continue to block the adopti...
Nov 18, 2020
U.S. housing finance regulator adopts new capital rule for Fannie Mae, Freddie Mac
WASHINGTON (Reuters) - Housing giants Fannie Mae and Freddie Mac would have to raise over $200 billion in new capital to fall in line with a new capital rule finalized Wednesday by their regulator. Th...
Nov 18, 2020
Fed’s Barkin: ending emergency lending facilities poses risks
(Reuters) - Allowing the Federal Reserve's emergency lending programs to sunset on December 31 could pose risks to financial markets, especially given that the pandemic is intensifying, Richmond Feder...
Nov 18, 2020
Explainer: What is happening with the Keystone XL oil pipeline?
By Rod Nickel WINNIPEG, Manitoba (Reuters) - TC Energy Corp says it is continuing to advance its Keystone XL (KXL) oil pipeline, the $9 billion project that would move oil from the province of Alberta...
Nov 18, 2020
S&P 500 dividends seen dropping 1% in 2020
By Noel Randewich (Reuters) - S&P 500 dividends are likely to fall about 1% this year, much less than previously expected, as companies reinstate previously suspended payments as they become more conf...
Nov 18, 2020
