Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
FedEx Express unveils plan to lay off up to 6,300 employees in Europe
(Reuters) - FedEx Corp's express unit on Tuesday announced a plan to lay off between 5,500 and 6,300 employees in Europe across operational teams and back-office functions, as it nears the completion ...
Jan 19, 2021
Cruise, GM partner with Microsoft to commercialize self-driving vehicles
(Reuters) - Self-driving car maker Cruise and majority shareholder General Motors Co said on Tuesday they would partner with Microsoft Corp to commercialize driverless autonomous vehicles. Microsoft w...
Jan 19, 2021
Blackstone’s Schwarzman: New U.S. admin going to take a ‘softer tone’ towards China
HONG KONG (Reuters) - Blackstone Group Inc Chairman Stephen Schwarzman said on Tuesday that the new U.S. administration was going to take a "softer tone" towards China, and that he expected lower tens...
Jan 19, 2021
HSBC to axe 82 branches in UK, cut services in others
LONDON (Reuters) - HSBC said on Tuesday it planned to axe 82 branches in Britain this year after a drop in footfall across its retail network and a surge in digital banking. The lender said it would b...
Jan 19, 2021
Supermarket chain Aldi to pay U.S. workers who get COVID-19 vaccination
(Reuters) - German supermarket chain Aldi on Tuesday became the latest firm in the grocery sector to offer incentives for U.S. employees getting a COVID-19 vaccine, saying it would give up to four hou...
Jan 19, 2021
Office Depot rebuffs takeover offer from Staples – WSJ
(Reuters) - Office Depot owner ODP Corp rebuffed a more than $2 billion takeover offer from bigger rival Staples, proposing to combine only retail operations, the Wall Street Journal reported on Tuesd...
Jan 19, 2021
Goldman Sachs profit surges on M&A, trading boost
(Reuters) - Goldman Sachs Group Inc reported a 153% jump in fourth-quarter profit on Tuesday, powered by another blowout performance at its core bond trading and underwriting business and an uptick in...
Jan 19, 2021
Futures rise ahead of Yellen speech; spotlight on earnings
By Devik Jain and Medha Singh (Reuters) - U.S. stock index futures climbed on Tuesday as investors anticipated U.S. Treasury Secretary nominee Janet Yellen to make the case for a big fiscal relief pac...
Jan 19, 2021
Bank of America profit falls as consumer banking business falters
(Reuters) - Bank of America Corp posted a drop in fourth-quarter profit on Tuesday as historically low interest rates hurt its consumer banking business. Net income applicable to common shareholders f...
Jan 19, 2021
Halliburton profit up 60% on cost cuts, demand recovery
(Reuters) - Halliburton Co on Tuesday reported a 60% rise in fourth-quarter adjusted profit compared with the third, as demand for oilfield equipment and services recovered slightly from the pandemic-...
Jan 19, 2021
