Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
GM sells out first year of electric Hummer production
By Joseph White DETROIT (Reuters) - General Motors Co said it has sold out the first year's worth of its hulking GMC Hummer EV electric pickup truck after a splashy video reveal on Tuesday. The GMC we...
Oct 21, 2020
Former Blue Bell president faces new criminal charges over alleged listeria outbreak coverup
By Jonathan Stempel (Reuters) - A former president of Blue Bell Creameries has been indicted on wire fraud and conspiracy charges in connection with a 2015 listeria outbreak, five weeks after the comp...
Oct 21, 2020
Streaming service Quibi to wind down operations six months after launch
(Reuters) - Streaming service Quibi said on Wednesday it intends to wind down its operations and start a process to sell its assets, just six months after its launch. The announcement highlights the d...
Oct 21, 2020
Fed’s Bullard says U.S. can wait on fiscal aid, businesses adapting
(Reuters) - St. Louis Federal Reserve Bank President James Bullard on Wednesday repeated his view that U.S. businesses are largely adapting to life amid COVID-19 and the U.S. economy is on track to be...
Oct 21, 2020
Chipotle profit falls on higher expenses
(Reuters) - Chipotle Mexican Grill Inc on Wednesday posted an 18.6% drop in quarterly profit, hurt by higher beef prices, delivery costs and coronavirus-related expenses. Shares of the company, one of...
Oct 21, 2020
Whirlpool third-quarter profit rises 11%
(Reuters) - Appliances maker Whirlpool Corp on Wednesday reported a 10.8% rise in third-quarter profit as stay-at-home orders boosted demand for its home appliances during the coronavirus crisis. Net ...
Oct 21, 2020
Tesla cracks revenue record and beats estimates, shares take off
By Akanksha Rana and Tina Bellon (Reuters) - Tesla Inc on Wednesday reported its fifth consecutive quarterly profit on record revenue of $8.8 billion, boosted by an uptick in vehicle deliveries and sa...
Oct 21, 2020
Kinder Morgan quarterly profit falls on lower natgas volume
(Reuters) - U.S. pipeline operator Kinder Morgan Inc reported a 10% drop in quarterly profit on Wednesday as a steep drop in natural gas prices due to the COVID-19 pandemic hurt production and transpo...
Oct 21, 2020
In emails, Sacklers fret over wealth, opioid business
By Mike Spector (Reuters) - Soon after a Purdue Pharma LP affiliate pleaded guilty to misbranding its addictive opioid painkiller OxyContin in 2007, the company's Sackler family owners fretted about p...
Oct 21, 2020
Euronext says still battling to resolve glitches after outage earlier this week
(Reuters) - Exchange operator Euronext said on Wednesday that it was still battling to resolve trading glitches after a huge outage earlier this week. The operator said that there was mixup of buy and...
Oct 21, 2020
