Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Apple results soundly beat Wall Street targets, $90 billion buyback announced
By Stephen Nellis (Reuters) -Apple Inc on Wednesday posted sales and profits far ahead of Wall Street expectations and announced a $90 billion share buyback as customers continued to upgrade to 5G iPh...
Apr 28, 2021
U.S. Labor Board says evidence presented by union in Amazon vote ‘could be grounds for overturning election’
WASHINGTON (Reuters) - The National Labor Relations Board on Wednesday said evidence submitted by the Retail Wholesale and Department Store union "could be grounds for overturning" Amazon.com Inc's un...
Apr 28, 2021
Ford posts profit, says chip shortage to slash second-quarter output by 50%, or 1.1 million units
(Reuters) - Ford Motor Co on Wednesday reported a strong quarterly profit, but warned that the global semiconductor chip shortage will slash production in the second quarter by 50%, or 1.1 million uni...
Apr 28, 2021
EBay forecasts current-quarter profit below estimates, shares fall
(Reuters) -EBay Inc on Wednesday forecast current-quarter profit below Wall Street estimates as it faces fierce competition from the likes of larger rival Amazon.com Inc for a share of the pandemic-le...
Apr 28, 2021
Facebook quarterly revenue beats expectations
(Reuters) - Facebook Inc beat market expectations for quarterly revenue on Wednesday, powered by higher ad spending by businesses during a pandemic-induced surge in online traffic. Total revenue, whic...
Apr 28, 2021
Qualcomm sees revenue, profits above estimates; says supply chain is improving
By Stephen Nellis and Chavi Mehta (Reuters) -Qualcomm Inc on Wednesday forecast current quarter sales and adjusted profits above Wall Street estimates, with executives saying they see supply constrain...
Apr 28, 2021
Coca-Cola the latest global brand to ‘Adopt a Park’ in Brazil rainforest
By Jake Spring BRASILIA (Reuters) - Coca-Cola Co on Wednesday agreed to sponsor a protected reserve in the Amazon rainforest, joining beer maker Heineken and a growing list of global corporations sign...
Apr 28, 2021
U.S. arrests alleged ‘Bitcoin Fog’ money launderer
By Lawrence Delevingne BOSTON (Reuters) - U.S. officials on Tuesday arrested Roman Sterlingov, the alleged principal operator of cryptocurrency money laundering website Bitcoin Fog, according to a fed...
Apr 28, 2021
Mexico president blasts telecoms firms over roadblocks to registry
MEXICO CITY (Reuters) - Mexican President Andres Manuel Lopez Obrador criticized the country's telecoms companies on Wednesday for impeding an initiative to create a national biometric cellphone user ...
Apr 28, 2021
Analysis: For Google, plenty of cash with nowhere to go
By Paresh Dave, Subrat Patnaik and Lewis Krauskopf (Reuters) - In announcing a $50-billion share buyback on Tuesday, Google-owner Alphabet Inc confirmed a paradoxical dynamic: its core advertising bus...
Apr 28, 2021
