Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Social media platform Reddit hit by outages in U.S.: Downdetector
(Reuters) - Social media company Reddit was experiencing problems on its website on Saturday, according to outage monitoring website Downdetector.com. Customers reported trouble logging in and sending...
Jan 30, 2021
IG Group restricts trading on GameStop and AMC due to ‘extreme volatility’
(Reuters) - Online trading platform IG Group Holdings Plc said on Saturday it will restrict any new positions on GameStop Corp and AMC Entertainment due to "extreme volatility" in the market. "Due to ...
Jan 30, 2021
Argentina seeks $44 billion IMF deal to repay debt: WSJ
(Reuters) - Argentina's Economy Minister Martin Guzman is pushing for a deal by May with the International Monetary Fund to repay $44 billion in debt, the Wall Street Journal reported on Saturday, cit...
Jan 30, 2021
Analysis: Robinhood and Reddit protected from lawsuits by user agreement, Congress
By Tom Hals (Reuters) - Robinhood Markets Inc's user agreement is likely to protect the brokerage app from a barrage of lawsuits filed by customers after it blocked a frenzied trading rally in compani...
Jan 30, 2021
Analysis: A tulip by another name? ‘Gamestonk’ and the case for investor caution
By David Randall NEW YORK (Reuters) - It sounds like the start of a parable: Investors stuck inside during a pandemic begin to bid up an asset until its price becomes untethered to reality. The value ...
Jan 30, 2021
UAE adopts amendments to grant citizenship to investors and other professionals
DUBAI (Reuters) - The United Arab Emirates has adopted amendments that would allow the Gulf state to grant citizenship to investors and other professionals including scientists, doctors and their fami...
Jan 30, 2021
Robinhood says it temporarily curbed buying of some securities as deposit requirement increased ten-fold
(Reuters) - Online broker Robinhood, one of the hottest venues in this week's retail-trading frenzy, said it put temporary buying restrictions on a small number of securities as clearing house-mandate...
Jan 30, 2021
GE gets dismissal of most of shareholder lawsuit over accounting, disclosures
By Jonathan Stempel NEW YORK (Reuters) - A U.S. judge in Manhattan has dismissed most but not all of a shareholder lawsuit accusing General Electric Co of concealing billions of dollars of insurance l...
Jan 29, 2021
Smartphone maker Xiaomi issues legal complaint against U.S. Defense, Treasury departments
SHANGHAI (Reuters) - Chinese smartphone maker Xiaomi Corp on Friday filed a legal complaint against the U.S. Department of Defense and the Treasury Department, according to public court records. (Repo...
Jan 29, 2021
Silver Lake cashes out on AMC for $713 million after Reddit-fueled rally
By Joshua Franklin (Reuters) - Buyout firm Silver Lake disclosed on Friday that it sold its stake in AMC Entertainment Holdings for $713 million this week, capitalizing on a 10-fold rise in the price ...
Jan 29, 2021
