Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Swiss billionaire Wyss decides to drop out of bid for Tribune – Bloomberg, NYT
(Reuters) - Swiss billionaire Hansjoerg Wyss has decided to drop out of a group that was bidding for Tribune Publishing Co, the New York Times and Bloomberg News reported on Saturday. The decision was...
Apr 17, 2021
Italy industry minister welcomes end of talks on CNH’s Iveco sale to China’s FAW
ROME (Reuters) - Italian Industry Minister Giancarlo Giorgetti on Saturday welcomed the end of talks over the sale of truckmaker Iveco to Chinese firm FAW. Iveco is part of CNH Industrial, which in tu...
Apr 17, 2021
Power companies urge Biden to implement policies to cut emissions 80% by 2030
WASHINGTON (Reuters) - A group of U.S. electricity companies wrote to President Joe Biden this week saying it will work with his administration and Congress to design a broad set of policies to reach ...
Apr 17, 2021
Exclusive: China’s Ant explores ways for Jack Ma to exit as Beijing piles pressure – sources
By Julie Zhu HONG KONG (Reuters) - Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as meetings with Chinese regulators sig...
Apr 17, 2021
Vietnam’s foreign ministry welcomes U.S. decision to drop FX manipulator label
HANOI (Reuters) - Vietnam's foreign ministry said on Saturday it welcomed the U.S. Treasury's move on Friday to refrain from formally branding the country a currency manipulator. "Vietnam will maintai...
Apr 17, 2021
February’s cold weather shut more U.S. refinery capacity than Hurricane Harvey
HOUSTON (Reuters) - A severe cold spell in mid-February knocked out a third of U.S. oil refining capacity, according to data compiled by Reuters and Wood Mackenzie. A sharp drop in temperatures that l...
Apr 17, 2021
Credit Suisse sued over risk exposure to Greensill Capital, Archegos
By Kanishka Singh (Reuters) - A pension fund filed a lawsuit against Credit Suisse Group AG on Friday in a U.S. court, accusing the Swiss bank of misleading investors and mismanaging risk exposure to ...
Apr 16, 2021
ARK buys another $64 million in Coinbase shares, sells $99.5 million of Tesla shares
(Reuters) - Cathie Wood's ARK funds bought more shares of cryptocurrency exchange Coinbase Global Inc on Friday while selling shares of electric carmaker Tesla, according to the firm's daily trade sum...
Apr 16, 2021
Insurer Hartford to pay $650 million for claims linked to Boy Scouts of America sex abuse cases
(Reuters) - Insurer Hartford Financial Services Group said on Friday it had agreed to a settlement with the Boy Scouts of America and would pay $650 million for sexual abuse claims associated with pol...
Apr 16, 2021
Exclusive: Brazil needs $10 billion/year in aid for carbon neutrality by 2050, minister says
By Lisandra Paraguassu BRASILIA (Reuters) - Brazil's environment minister, Ricardo Salles, told Reuters on Friday that Brazil would need to receive $10 billion annually in foreign aid in order to reac...
Apr 16, 2021
