Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
BMW says 2020 cash flow exceeds market expectations
FRANKFURT (Reuters) - BMW's free cash flow last year was better than market expecations at about 3.4 billion euros ($4.12 billion), the German carmaker said on Wednesday, citing recoveries in many mar...
Jan 27, 2021
Costly short squeeze makes Reddit required reading on Wall Street
By April Joyner and Shreyashi Sanyal (Reuters) - Dennis Dick, a professional stock trader in Las Vegas, reads the site Seeking Alpha before work and keeps up to the minute throughout the trading day b...
Jan 27, 2021
Yellen, UK’s Sunak discuss cooperation on pandemic, climate, taxes: U.S. Treasury
WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen on Wednesday spoke with British Finance Minister Rishi Sunak, and discussed the need for cooperation on the COVID-19 pandemic, including sup...
Jan 27, 2021
Fed likely to leave support in place for struggling U.S. economy
By Howard Schneider WASHINGTON (Reuters) - The Federal Reserve is expected to keep monetary policy locked in crisis-fighting mode on Wednesday as the U.S. central bank assesses an economy still strugg...
Jan 27, 2021
GameStop fever sweeps Europe’s most shorted stocks
By Danilo Masoni MILAN (Reuters) - Drugmaker Evotec led sweeping price swings in some of Europe's most shorted stocks on Wednesday in an echo of the retail trading fever that has gripped the United St...
Jan 27, 2021
Exxon planning board changes under activist investor pressure: WSJ
(Reuters) - U.S. oil major Exxon Mobil Corp is planning to add one or more new board directors and stepping up its sustainability investments, the Wall Street Journal reported on Wednesday, citing peo...
Jan 27, 2021
Fiat Chrysler to plead guilty, pay $30 million to resolve U.S. criminal labor probe
WASHINGTON (Reuters) - Fiat Chrysler said Wednesday it has reached an agreement to settle a criminal probe by U.S. prosecutors into conduct of some former employees tied to a United Auto Workers corru...
Jan 27, 2021
Rolls-Royce says new UltraFan engine future-proof despite pandemic
By Sarah Young LONDON (Reuters) - Rolls-Royce is pushing ahead with its new greener engine UltraFan for now, confident that airlines will need it in the post-pandemic recovery even as new technologies...
Jan 27, 2021
Wall St. opens lower with earnings underway, eyes on Fed
(Reuters) - U.S. stock indexes opened lower on Wednesday as investors parsed through earnings reports from companies including Boeing and Microsoft, ahead of the Federal Reserve's policy statement lat...
Jan 27, 2021
U.S. core capital goods orders rise in boost to business investment
By Lucia Mutikani WASHINGTON (Reuters) - New orders for key U.S.-made capital goods increased for an eighth straight month in December, pointing to solid growth in business spending on equipment in th...
Jan 27, 2021
