Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Pirelli loses appeal against EU cartel ruling on former unit
By Foo Yun Chee BRUSSELS (Reuters) - Italian tyremaker Pirelli on Wednesday lost its appeal against an EU cartel ruling after Europe's highest court rejected its argument that it should not bear liabi...
Oct 28, 2020
U.S. auto sales gain pace in October on strong demand: JD Power, LMC Automotive
(Reuters) - The pace of U.S. auto sales is expected to rise 3% in October, helped by a strong recovery in consumer demand and tighter inventories at dealerships, industry consultants J.D. Power and LM...
Oct 28, 2020
Mastercard profit falls as pandemic hits spending volumes
(Reuters) - Mastercard Inc reported a 28% slump in quarterly profit on Wednesday as fewer people used its cards to shop, travel and pay bills during the COVID-19 pandemic, hitting transaction volumes ...
Oct 28, 2020
Nigeria’s candidate Ngozi Okonjo-Iweala proposed to lead WTO: sources tell Reuters
GENEVA (Reuters) - A key group of WTO ambassadors has proposed Ngozi Okonjo-Iweala to lead the World Trade Organization, trade sources told Reuters on Wednesday, clearing a path for her to become the ...
Oct 28, 2020
Boeing posts fourth straight quarterly loss as sales slump
(Reuters) - Boeing reported its fourth straight quarterly loss on Wednesday as the coronavirus crisis and the 737 MAX jet grounding hurt sales, while reaffirming its expectation that U.S. deliveries o...
Oct 28, 2020
Mobile game startup Scopely raises $340 million
By Jane Lanhee Lee OAKLAND, Calif. (Reuters) - Mobile game developer and publisher Scopely said on Wednesday it raised $340 million in its latest round of funding, led by Wellington Management and New...
Oct 28, 2020
Blackstone third-quarter earnings rise on strong asset sales
By Chibuike Oguh NEW YORK (Reuters) - Blackstone Group LP said on Wednesday third-quarter distributable earnings rose 9% year-on-year, as the world's largest manager of alternative assets such as priv...
Oct 28, 2020
Fiat Chrysler returns to profit in third quarter as North America posts record results
MILAN (Reuters) - Fiat Chrysler returned to an operating profit in the third quarter led by a strong performance in its U.S. operations after an industry rout triggered by the pandemic in the first ha...
Oct 28, 2020
Wall Street futures fall as rising virus cases spark lockdown fears
By Medha Singh (Reuters) - U.S. stock index futures fell on Wednesday, as rising coronavirus cases globally triggered fears of lockdowns disrupting a nascent economic recovery, while concerns over a c...
Oct 28, 2020
Exchange operator CME’s quarterly profit slumps 35%
(Reuters) - CME Group , the world's biggest futures exchange operator, on Wednesday said its third-quarter profit plunged 35% as decreased trading volumes resulted in lower fees for clearing and settl...
Oct 28, 2020
