Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
PepsiCo suspends all political contributions
(Reuters) - PepsiCo Inc said on Friday it would suspend political donations, joining a long list of companies that are re-evaluating or halting political donations following a move to challenge U.S. P...
Jan 15, 2021
U.S. retail sales fall again in December
WASHINGTON (Reuters) - U.S. retail sales declined further in December as renewed measures to slow the spread of COVID-19 undercut spending at restaurants and reduced traffic to shopping malls, the lat...
Jan 15, 2021
Indonesia president says sovereign wealth fund to collect $20 billion within next two months
JAKARTA (Reuters) - Indonesia's soon-to-be launched sovereign wealth fund is targeting $20 billion in investment in the next few months, President Joko Widodo said. "Maybe in the next two months, the ...
Jan 15, 2021
U.S. plans new Iran sanctions related to metals, conventional arms
WASHINGTON (Reuters) - The United States plans to announce additional Iran sanctions on Friday related to conventional arms and to the metals industry, sources familiar with the matter said. The sourc...
Jan 15, 2021
Citigroup quarterly profit beats estimates as loan loss provisions slow
(Reuters) - Citigroup Inc reported a 7% decline in fourth-quarter profit on Friday but easily beat Wall Street expectations, as an improving economic outlook allowed it to release cash it had previous...
Jan 15, 2021
Wells Fargo records surprise quarterly profit
(Reuters) - Wells Fargo & Co reported a surprise quarterly profit on Friday, as stabilizing credit costs helped offset the hit from low-interest rates meant to prop up the ailing economy during the CO...
Jan 15, 2021
EU Commission welcomes Biden proposal for U.S. stimulus
BRUSSELS (Reuters) - The European Commission welcomed a $1.9 trillion stimulus package proposed by President-elect Joe Biden to help the U.S. economy deal with the COVID-19 pandemic, but said its full...
Jan 15, 2021
Earnings season to test surge in regional banks stocks
By David Randall NEW YORK (Reuters) - A blistering rally in the shares of regional banks may be tested when a spate of lenders report results in the coming week. Regional banks in the S&P 500 have sur...
Jan 15, 2021
JPMorgan profit jumps on trading, investment banking strength
(Reuters) - JPMorgan Chase & Co reported a higher fourth-quarter profit on Friday, as strength in trading and investment banking offset the drag of low borrowing rates on interest income at the larges...
Jan 15, 2021
BMW aims to double fully-electric vehicle sales in 2021
(Reuters) - BMW said on Friday that it aims to double its sales of fully-electric vehicles this year as the German carmaker and rivals race to release new models to comply with CO2 emissions targets a...
Jan 15, 2021
