Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Amazon CEO Jeff Bezos to move to role of executive chair in third quarter
(Reuters) - Amazon.com Inc said on Tuesday Chief Executive Officer Jeff Bezos will transition to the role of executive chair in the third quarter, with Andy Jassy becoming the company's top boss. (Rep...
Feb 02, 2021
Amgen fourth-quarter profit rises, 2021 outlook below Street view
By Deena Beasley (Reuters) - Amgen Inc on Tuesday reported a higher-than-expected quarterly profit as sales of newer drugs offset lower revenue from older off-patent medications, but the biotech compa...
Feb 02, 2021
Hot-ticket Gamestop deals blow to hedge funds’ January returns, some escape
By Svea Herbst-Bayliss BOSTON (Reuters) - Prominent hedge funds including Dan Sundheim's D1 Capital Partners and Steve Cohen's Point72 Asset Management chalked up deep losses last month as hotly trade...
Feb 02, 2021
Google parent Alphabet quarterly sales beat estimates
By Paresh Dave (Reuters) - Alphabet Inc on Tuesday beat fourth-quarter sales expectations as advertising customers unleashed budgets for the holidays, and the Google owner disclosed for the first time...
Feb 02, 2021
EA hikes annual sales outlook as lockdown boost for videogames continues
(Reuters) - Electronic Arts Inc on Tuesday raised its annual sales outlook, betting on strong sales of its sports titles including "FIFA 21" and "Madden NFL 21" as more people turn to videogames to ke...
Feb 02, 2021
Harley Davidson adopts KKR executive-inspired employee stock program
By Chibuike Oguh (Reuters) - Harley-Davidson Inc Chief Executive Jochen Zeitz said on Tuesday that the U.S. motorcycle maker would give stock grants to its employees, inspired by a program devised by ...
Feb 02, 2021
Exclusive: Yellen to name ex-IMF official Lipton to senior Treasury role, sources say
By Andrea Shalal and David Lawder WASHINGTON (Reuters) - David Lipton, an economist who served as a senior official at the International Monetary Fund and U.S. Treasury, will return to government serv...
Feb 02, 2021
U.S. ITC finds Chinese exports of subsidized engines harm U.S. industry
WASHINGTON (Reuters) - The U.S. International Trade Commission on Tuesday said it had found that large vertical shaft engines from China were being sold in the United States at less than fair value, a...
Feb 02, 2021
Short seller Kerrisdale goes long on ‘The Robinhood of China’
By Chuck Mikolajczak NEW YORK (Reuters) - Sahm Adrangi, whose Kerrisdale Capital cemented its reputation with successful bets against Chinese internet companies, came out with a long position in Beiji...
Feb 02, 2021
Biden said Republican proposal for $600 billion in COVID-19 aid ‘way too small’: Schumer
WASHINGTON (Reuters) - U.S. Senate Democratic Leader Chuck Schumer said President Joe Biden told Democrats the proposal ten Senate Republicans have made for $600 billion in COVID-19 relief is "way too...
Feb 02, 2021
