Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Exxon, Chevron CEOs discussed merger in early 2020-sources
By Mike Spector (Reuters) - The chief executives of ExxonMobil Corp and Chevron Corp held preliminary talks in early 2020 to explore combining the two largest U.S. oil producers in what would have bee...
Jan 31, 2021
Exclusive-Playboy nears deal to buy sexual wellness chain Lovers – sources
By Joshua Franklin (Reuters) - Playboy Enterprises Inc is nearing a deal to acquire the parent company of sexual wellness chain Lovers as it seeks to grow its lifestyle brand following the shuttering ...
Jan 31, 2021
Goldman sees hedge fund exposures close to records, ongoing sell-off risk after GameStop swings
NEW YORK (Reuters) - U.S. hedge funds last week bought and sold the most stock in more than 10 years amid wild swings in GameStop Corp shares that many had bet against, but their market exposure to st...
Jan 31, 2021
ECB’s Lane says stocks, bank bonds not in toolbox: paper
FRANKFURT (Reuters) - The European Central Bank's chief economist Philip Lane played down the prospect of the ECB buying stocks or bank bonds as part of its pandemic-fighting efforts, saying in a news...
Jan 31, 2021
Analysis: To the brink and back on GameStop – Wall Street vs Reddit
By Svea Herbst-Bayliss and Maiya Keidan NEW YORK (Reuters) - On three hours of sleep a night and with no time to eat, one New York-based hedge fund manager overseeing billions in assets called last we...
Jan 31, 2021
Melvin Capital ends month with over $8 billion in assets after investors added cash: source
By Svea Herbst-Bayliss BOSTON (Reuters) - Melvin Capital, the hedge fund at the center of the GameStop drama, lost 53% in January but received commitments for fresh cash from investors in the last day...
Jan 31, 2021
ECB’s Knot: stock market rally could be fuelled by recovery hopes
AMSTERDAM (Reuters) - The continuing rise of stock markets worldwide could be the result of growing hopes of economic recovery, and does not necessarily mean that prices are overly inflated, European ...
Jan 31, 2021
British government working on COVID recovery plan for economy, says source
LONDON (Reuters) - Britain's government is working on a recovery plan for the country's COVID-battered economy, a source said on Sunday, as ministers direct their attention to trying to restore growth...
Jan 31, 2021
Exports empty Canada’s canola bins, driving prices to near records
By Rod Nickel WINNIPEG, Manitoba (Reuters) - Canada, the world's biggest canola grower, is running short of the oilseed six months before the next harvest, with strong export demand driving prices to ...
Jan 31, 2021
Rate hike would be devastating: ECB’s Schnabel
BERLIN (Reuters) - Raising euro zone interest rates in the current environment would have a devastating impact, European Central Bank board member Isabel Schnabel said on Sunday, adding that temporary...
Jan 31, 2021
