Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Senate blocks confirmation of Trump Fed nominee Shelton
(Reuters) - The U.S. Senate on Tuesday blocked President Donald Trump's nomination of Judy Shelton to the board of the Federal Reserve, making her the latest in a string of failed nominees to the cent...
Nov 17, 2020
McConnell open to $500 billion for coronavirus relief
WASHINGTON (Reuters) - U.S. Senate Majority Leader Mitch McConnell said on Tuesday he is open to a $500 billion package aimed at alleviating economic pain from the coronavirus pandemic, but the Republ...
Nov 17, 2020
Former UAW exec and GM board member sentenced to 30 months in prison for taking kickbacks
By Ben Klayman DETROIT (Reuters) - Former United Auto Workers Vice President Joseph Ashton on Tuesday was sentenced to 30 months in prison for accepting kickbacks as part of a wide-ranging federal cor...
Nov 17, 2020
U.S. travel spending will plunge in 2020, not fully recover until 2024: travel group
WASHINGTON (Reuters) - A U.S. travel group said on Tuesday that travel spending is expected to fall by more than $500 billion in 2020 and is not expected to recover to pre-coronavirus levels until 202...
Nov 17, 2020
Cannae and Senator win three board seats at CoreLogic
By Svea Herbst-Bayliss and Greg Roumeliotis (Reuters) - Investment firms Cannae Holdings and Senator Investment Group won three board seats at CoreLogic on Tuesday, adding fresh oversight at a time th...
Nov 17, 2020
Argentina seeks wealth tax to help COVID-19 hit families
BUENOS AIRES (Reuters) - The lower house of Argentina's Congress on Tuesday began debating a bill seeking to raise 300 billion pesos ($3.75 billion) through a tax on large fortunes to finance programs...
Nov 17, 2020
Fed Chair Powell says COVID surge a concern, economy still needs support
WASHINGTON (Reuters) - The surge in coronavirus cases is a big concern for an economic recovery that still has a "long way to go," and the economy will continue to need support from both fiscal and mo...
Nov 17, 2020
SoftBank’s Son wants to deploy cash on public and private firms
By Krystal Hu (Reuters) - SoftBank Group Corp Chief Executive Masayoshi Son said on Tuesday he is sitting on about $80 billion in cash for investment opportunities and share buybacks, and vowed to sti...
Nov 17, 2020
BoE’s Ramsden sees plus for economy from vaccine news
LONDON (Reuters) - Bank of England Deputy Governor Dave Ramsden said on Tuesday that positive news about COVID-19 vaccines could help to reduce the risks surrounding the economic outlook. "Assuming th...
Nov 17, 2020
Limited impact seen from Trump investment ban on military-linked Chinese firms
By Alexandra Alper and Ross Kerber WASHINGTON/BOSTON (Reuters) - President Donald Trump's directive barring U.S. investments in Chinese companies linked by Washington to China's military is unlikely t...
Nov 17, 2020
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