Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Texas energy sector struggles to thaw after deep freeze
By Arpan Varghese (Reuters) - A deep freeze kept the Texas energy sector in the dark for a fifth day on Wednesday, with Houston's major shipping channel closed overnight and at least a fifth of U.S. r...
Feb 17, 2021
Lakestar’s Hommels launches Frankfurt blank cheque company
BERLIN/LONDON (Reuters) - German venture capitalist Klaus Hommels launched a blank cheque company in Frankfurt on Wednesday through his firm Lakestar, offering a European route to the stock market for...
Feb 17, 2021
NXP shuts two Austin plants as Texas reels from winter storm
(Reuters) - Chipmaker NXP Semiconductors said on Wednesday it had idled two manufacturing plants in Austin, Texas as a historic winter storm gripped much of the state, forcing utility companies to cur...
Feb 17, 2021
OPEC chief optimistic about 2021 recovery but uncertainty remains
LONDON (Reuters) - OPEC's secretary general said on Wednesday there were grounds for optimism that 2021 would be a year of recovery after the slump in oil prices and demand caused by the pandemic. "Wh...
Feb 17, 2021
Walmart investors eye push into advertising, healthcare following pandemic boom
By Aishwarya Venugopal and Melissa Fares (Reuters) - Walmart Inc's investors and analysts are likely to look past the retail giant's slowest same-store sales growth since the start of the coronavirus ...
Feb 17, 2021
U.S. retail sales rebound strongly in January amid additional stimulus
WASHINGTON (Reuters) - U.S. retail sales rebounded sharply in January after households received additional pandemic relief money from the government, suggesting a pick-up in economic activity after be...
Feb 17, 2021
Luckin Coffee’s CEO inquiry finds no evidence of misconduct
(Reuters) - Chinese coffee chain Luckin Coffee said on Wednesday its board had found no evidence of misconduct by Chief Executive Jinyi Guo during a month-long investigation into allegations made by s...
Feb 17, 2021
Canada annual inflation rate accelerates to 1.0% in January
OTTAWA (Reuters) - Canada's annual inflation rate accelerated to 1.0% in January, up from a year-over-year increase of 0.7% in December, on higher prices for durable goods and gasoline, Statistics Can...
Feb 17, 2021
Workers missing after ArcelorMittal South Africa site accident
JOHANNESBURG (Reuters) - Rescue efforts are under way at ArcelorMittal South Africa's Vanderbijlpark Works to find three employees missing after an accident, the steelmaker said on Wednesday. Africa's...
Feb 17, 2021
Danish wind turbine maker Vestas lays of 450 employees in U.S. state of Colorado
COPENHAGEN (Reuters) - Danish wind turbine maker Vestas said on Wednesday it would lay off 450 positions in three factories across Colorado in the United States, as a result of lower demand. Vestas sa...
Feb 17, 2021
