Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Best Buy to lay off some store workers: WSJ
(Reuters) - Best Buy Co Inc has notified employees that it will be cutting some jobs at its stores, the Wall Street Journal reported on Wednesday, citing people familiar with the situation. The electr...
Feb 10, 2021
MGM Resorts posts quarterly loss on pandemic pain
(Reuters) - MGM Resorts International posted a quarterly loss compared with a year-ago profit on Wednesday, as COVID-19 travel restrictions dented business for the casino operator. Net loss attributab...
Feb 10, 2021
Zynga forecasts strong bookings for 2021 on ‘Harry Potter’ game boost
(Reuters) - Zynga Inc on Wednesday forecast annual net bookings above Wall Street estimates, betting on the launch of its upcoming "FarmVille" game and strong in-game spending in its existing titles s...
Feb 10, 2021
Uber expands food delivery further, sees ride demand pick up
By Tina Bellon and Akanksha Rana NEW YORK (Reuters) - Uber Technologies Inc on Wednesday said revenue at its ride-hail and delivery businesses increased on a quarterly basis and said it was well on tr...
Feb 10, 2021
Former TPG Capital exec admits paying $50,000 to rig son’s college entrance exam
By Nate Raymond BOSTON (Reuters) - A former senior executive at private equity firm TPG Capital pleaded guilty on Wednesday to participating in a vast U.S. college admissions fraud scheme by paying $5...
Feb 10, 2021
U.S. January budget deficit hits record $163 billion as new aid checks sent out
By David Lawder WASHINGTON (Reuters) - The U.S. government posted a budget deficit of $163 billion in January, a record high for the month and a $130 billion jump from the deficit in the same month la...
Feb 10, 2021
CBS scores record $545 million in Super Bowl ad revenue despite low ratings
By Sheila Dang (Reuters) - ViacomCBS' CBS network generated a record $545 million in advertising spending during the NFL's Super Bowl LV this past Sunday, according to preliminary estimates from resea...
Feb 10, 2021
Loeb’s Third Point praises Intel, avoids crowded short positions
BOSTON (Reuters) - Billionaire investor Daniel Loeb called Intel's resources "unmatched" in the semiconductor industry and said his firm, Third Point, is "excited" to be a long-term investor. Loeb upd...
Feb 10, 2021
Southwest CEO, unions urge Biden not to mandate domestic air COVID-19 testing
WASHINGTON (Reuters) - Southwest Airlines Chief Executive Gary Kelly and the leaders of the airline's unions urged President Joe Biden not to mandate COVID-19 testing before domestic flights, warning ...
Feb 10, 2021
Fed’s Powell calls for broad national drive to full employment
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) - Invoking post-World War II efforts to reach full employment and pledging continued loose monetary policy to help the process, Federal Reserve ...
Feb 10, 2021
