Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Facebook quarterly revenue beats estimates
(Reuters) - Facebook Inc beat analysts' estimates for quarterly revenue on Thursday, as more businesses used its digital advertising tools during a pandemic-induced surge in online traffic. Revenue gr...
Oct 29, 2020
Amazon third-quarter net sales beat estimates as more people shop online
(Reuters) - Amazon.com Inc's third-quarter revenue beat Wall Street estimates on Thursday and the e-commerce giant forecast holiday-quarter sales above expectations, as the COVID-19 pandemic pushed mo...
Oct 29, 2020
Activision raises sales forecast on lockdown demand, new COD release hopes
(Reuters) - Activision Blizzard Inc raised its annual adjusted sales forecast on Thursday, betting on strong sales for its upcoming videogame in the blockbuster "Call of Duty" franchise as demand from...
Oct 29, 2020
Alphabet sales growth back as Google key for advertisers
By Paresh Dave and Munsif Vengattil (Reuters) - Google parent Alphabet Inc returned to sales growth in the third quarter as businesses initially hobbled by the coronavirus pandemic resumed advertising...
Oct 29, 2020
Starbucks sees better-than-expected earnings for 2021
(Reuters) - Starbucks Corp forecast 2021 earnings largely above estimates on Thursday, helped by strong online orders and a recovery in demand following the initial hit from the COVID-19 pandemic. The...
Oct 29, 2020
Twitter beats revenue expectations but misses on user growth
By Sheila Dang (Reuters) - Twitter Inc on Thursday widely beat analyst expectations for quarterly revenue as ad sales rose with the return of sports and other events, but it added fewer users than Wal...
Oct 29, 2020
G20 finance officials set Nov. 13 meeting to finalize debt framework: sources
By Andrea Shalal WASHINGTON (Reuters) - Group of 20 finance officials will meet virtually on Nov. 13 to finalize a common framework for addressing the mounting debt problems of low-income countries ro...
Oct 29, 2020
E-cigarette maker Juul cuts valuation to $10 billion: memo
(Reuters) - Juul Labs Inc has cut its valuation to about $10 billion from $12 billion at the end of last year, according to a company memo seen by Reuters on Thursday, as the once red-hot e-cigarette ...
Oct 29, 2020
Bank of Canada keeps some dry powder as Ottawa spends
By Julie Gordon and Fergal Smith OTTAWA/TORONTO (Reuters) - Bank of Canada Governor Tiff Macklem sees the benefit of sticking with increased government spending to support an economy that has been ham...
Oct 29, 2020
Cenovus Energy CEO ‘not worried’ about Husky deal approval as results disappoint
By Arunima Kumar and Rod Nickel (Reuters) - The chief executive of Cenovus Energy said he is confident shareholders will approve its acquisition of rival Husky Energy, despite big quarterly losses and...
Oct 29, 2020
