Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
SoftBank third-quarter earnings recovery seen driven by IPO boom
By Sam Nussey TOKYO (Reuters) - SoftBank Group Corp is expected to extend earnings recovery when it reports third quarter results on Monday as frothy markets drive a rally in the value of its tech inv...
Feb 04, 2021
In GameStop saga, U.S. regulator examining all aspects and parties: sources
By Chris Prentice and Pete Schroeder WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission (SEC) is looking at every aspect of and parties involved in the "Reddit rally" of GameStop Corp ...
Feb 04, 2021
Ford boosts investment plan for EVs and self driving vehicles, reports loss
By Ben Klayman and Paul Lienert DETROIT (Reuters) - Ford Motor Co on Thursday boosted the amount of money it plans to invest on electric and autonomous vehicles to $29 billion even as it posted a four...
Feb 04, 2021
Looming Apple privacy changes weigh on Snap despite revenue growth
By Sheila Dang (Reuters) - Snap Inc, owner of popular photo-messaging app Snapchat, on Thursday beat analysts' estimates for both user growth and revenue, but warned that upcoming privacy changes from...
Feb 04, 2021
Pinterest beats estimates on ad spending recovery, strong user growth
(Reuters) - Image-sharing company Pinterest Inc reported better-than-expected quarterly results on Thursday, benefiting from strong user growth and heavy advertising by e-commerce retailers during the...
Feb 04, 2021
Activision Blizzard’s annual sales forecast tops estimates on ‘Call of Duty’ boost
(Reuters) - Activision Blizzard Inc on Thursday forecast full-year adjusted revenue above analysts' estimates, driven by strong demand for the latest installment of its blockbuster "Call of Duty" fran...
Feb 04, 2021
Gilead quarterly revenue rises 26% on remdesivir sales
(Reuters) - Gilead Sciences Inc posted a 26% rise in quarterly revenue that topped Wall Street estimates on Thursday, helped by sales of its antiviral drug, remdesivir, which is authorized to treat CO...
Feb 04, 2021
Lack of overhauls at U.S. refiners could stall industry recovery
By Laura Sanicola and Erwin Seba NEW YORK/HOUSTON (Reuters) - U.S. oil refiners are predicting a strong recovery in fuel demand in the second half of this year as vaccination rates increase and worker...
Feb 04, 2021
U.S. stock funds post biggest weekly outflow since September: Lipper
(Reuters) - U.S. -based stock funds in the week ended Wednesday shed $12.4 billion, the biggest outflow since September, according to Lipper. U.S. taxable bond funds attracted $12 billion, which was b...
Feb 04, 2021
Buttigieg: Talks ongoing on additional transportation sector assistance
(Reuters) - New U.S. Transportation Secretary Pete Buttigieg told Reuters on Thursday there are "very active" conversations between the White House, Congress and stakeholders about including assistanc...
Feb 04, 2021
