Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Purdue Pharma dissolves in bankruptcy, names board of nonprofit successor
By Dietrich Knauth NEW YORK, May 1 (Reuters) - Purdue Pharma said on Friday that it has ceased operations and concluded its bankruptcy, re-emerging as a nonprofit focused on treating opioid addiction,...
May 01, 2026
Colombia-Ecuador trade collapsing as tariff war intensifies, business groups say
By Tito Correa RUMICHACA BRIDGE, Colombia/Ecuador, May 1 (Reuters) - The flow of goods between Colombia and Ecuador is drying up, industry groups on the South American countries' border say, as high t...
May 01, 2026
Saudi oil prince's iron grip faces ultimate test with UAE's shock OPEC exit
By Yousef Saba, Ahmad Ghaddar and Maha El Dahan May 1 (Reuters) - Saudi Energy Minister Prince Abdulaziz bin Salman now has an OPEC challenge to deal with on top of the largest ever disruption to glob...
May 01, 2026
Exclusive-WTO plans 10% budget cut as US falls back into arrears, documents show
By Olivia Le Poidevin GENEVA, May 1 (Reuters) - The World Trade Organization is set to cut about 10% of its spending - including hiring freezes and reductions in shortterm staff - after the U.S. fell ...
May 01, 2026
Meta faces US lawmaker scrutiny over removal of lawyer ads for social media addiction cases
By Courtney Rozen WASHINGTON, May 1 (Reuters) - Meta should not have removed advertisements from attorneys seeking clients that claim they were harmed by social media platforms, two U.S. senators said...
May 01, 2026
Cboe to cut staff by 20% as exchange operator sharpens focus on core business
May 1 (Reuters) - Cboe Global Markets' CEO Craig Donohue on Friday outlined plans to sharpen the exchange operator's focus on key businesses, including a 20% reduction in its global workforce. The com...
May 01, 2026
Exclusive-US officials weigh cutting deadlines to fix digital flaws amid worries over AI-powered hacking, sources say
By Raphael Satter WASHINGTON, May 1 (Reuters) - U.S. cybersecurity officials are considering sharply shorter deadlines for fixing critical flaws in government IT systems, amid concerns hackers could e...
May 01, 2026
Trump's tariffs on EU autos show US to be unreliable, says EU parliament's trade committee chair
BRUSSELS, May 1 (Reuters) - U.S. President Donald Trump's announcement to increase tariffs on cars from the EU shows that the U.S. is an unreliable trading partner, EU parliament's trade committee cha...
May 01, 2026
Saks Global sends its bankruptcy plan to a creditor vote
By Dietrich Knauth NEW YORK, May 1 (Reuters) - Saks Global received court approval on Friday to send its bankruptcy plan to creditors for a vote, asking them to approve a restructuring that would wipe...
May 01, 2026
US FDA approves Pfizer, Arvinas' breast cancer drug
By Padmanabhan Ananthan May 1 (Reuters) - The U.S. Food and Drug Administration on Friday approved Pfizer and Arvinas' breast cancer drug for patients with an advanced form of the disease whose tumors...
May 01, 2026
