Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
U.S. appeals court tosses former Wilmington Trust executives’ crisis-related convictions
By Jonathan Stempel (Reuters) - A federal appeals court on Tuesday overturned the convictions of four former Wilmington Trust Co executives charged with concealing from regulators the amount of troubl...
Jan 12, 2021
Intel’s self-driving car unit plans to step up use of its own radar tech by 2025
By Stephen Nellis SAN FRANCISCO (Reuters) - The head of Intel Corp's self-driving car subsidiary said on Tuesday the company wants to shift toward using its own radar-based technology and use a single...
Jan 12, 2021
U.S. FTC’s antitrust case against Facebook gets new judge
WASHINGTON (Reuters) - The U.S. Federal Trade Commission's antitrust lawsuit against Facebook was transferred to another judge on Tuesday so the same person will hear that case and a similar one filed...
Jan 12, 2021
Exclusive: Beauty industry supplier Knowlton readies IPO – sources
By Joshua Franklin (Reuters) - Buyout firm Cornell Capital is preparing a U.S. initial public offering (IPO) of Knowlton Development Corp (KDC), which could value the manufacturer and custom formulato...
Jan 12, 2021
JetBlue, American to refrain from ‘certain coordination’ in some cities
(Reuters) - JetBlue Airways and American Airlines Group will refrain from "certain kinds of coordination" in some cities, where they are substantial competitors to each other, the carriers said on Tue...
Jan 12, 2021
Exclusive: Biden to name Gary Gensler as U.S. SEC chair, sources say
By Svea Herbst-Bayliss and Katanga Johnson WASHINGTON (Reuters) - Gary Gensler, a top financial regulator under the Obama administration, is expected to be named chair of the U.S. Securities and Excha...
Jan 12, 2021
Fed’s Rosengren says U.S. economy could see robust recovery in second half of 2021
(Reuters) - The U.S. economy could see a strong rebound in the second half of this year as vaccinations become widely available, but the virus is still driving the economy and monetary policy will rem...
Jan 12, 2021
All Fed banks wanted no change to emergency loan rate last month
(Reuters) - All of the Federal Reserve's 12 regional banks wanted to keep unchanged the rate that commercial banks are charged for emergency loans ahead of the U.S. central bank's December policy meet...
Jan 12, 2021
Look, up in the sky – it’s a flying Cadillac! GM unveils futuristic vehicle
By Paul Lienert and Ben Klayman DETROIT (Reuters) - General Motors Co on Tuesday presented a futuristic flying Cadillac - a self-driving vehicle which takes off and lands vertically and carries the pa...
Jan 12, 2021
KC Fed’s George: Vaccine delays among most substantial risks to U.S. recovery
WASHINGTON (Reuters) - Delay in the rollout of coronavirus vaccines is now among the most substantial risks facing the United States, Kansas City Federal Reserve President Esther George said on Tuesda...
Jan 12, 2021
