Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
GM says over 40% of new China launches in next five years will be EVs
SHANGHAI (Reuters) - General Motors Co is planning an electric car offensive in China with more than 40% of its new launches in the country over the next five years set to be electric vehicles (EVs), ...
Aug 19, 2020
TJX posts bigger-than-expected quarterly loss on store closures
(Reuters) - Off-price retailer TJX Cos Inc on Wednesday posted a bigger-than-expected quarterly loss, as its stores were shuttered for nearly one-thirds of the quarter due to the lockdown, sending its...
Aug 19, 2020
Is Turkey’s lira fair value or fair game?
By Marc Jones LONDON (Reuters) - Turkey's lira has been driven to record lows on concerns that lower interest rates, depleting FX reserves and a flood of easy credit could pave the way to a second cur...
Aug 19, 2020
Southwest forecasts lower third-quarter cash burn as bookings improve
(Reuters) - U.S. carrier Southwest Airlines Co said on Wednesday it expects cash burn in the third quarter to slow as bookings improve in August from a pandemic-driven grounding of flights worldwide, ...
Aug 19, 2020
United States Oil Fund gets Wells notice from SEC
(Reuters) - The United States Oil Fund LP, the country's largest crude exchange-traded fund, said on Wednesday it received a Wells notice from the U.S. Securities and Exchange Commission. The Wells no...
Aug 19, 2020
Exclusive: Plant-based egg maker JUST sees profit next year, then will look at IPO
By Richa Naidu CHICAGO (Reuters) - As shoppers raise grocery spending due to the COVID-19 pandemic, plant-based egg startup JUST says it aims to turn an operating profit before the end of next year an...
Aug 19, 2020
Wall Street futures inch higher after solid results from Lowe’s, Target
By Medha Singh (Reuters) - U.S. stock index futures edged higher on Wednesday following solid earnings from retailers Target and Lowe's, a day after the S&P 500 completed its fastest recovery from a b...
Aug 19, 2020
Johnson & Johnson to buy Momenta for about $6.5 billion
(Reuters) - Johnson & Johnson said on Wednesday it would buy Momenta Pharmaceuticals Inc for about $6.5 billion in cash to expand into the area of autoimmune disease treatments. J&J will pay $52.50 fo...
Aug 19, 2020
Target sales growth hits record as faster delivery boosts online demand
(Reuters) - Target Corp on Wednesday reported its best quarterly comparable sales growth and online revenue that nearly tripled as shoppers lapped up videogames, kitchenware and clothes during the pan...
Aug 19, 2020
EU watchdog flags harder line on cross-border funds management
By Huw Jones LONDON (Reuters) - Brexit safeguards to stop asset managers in Britain running "shell" investment funds in the European Union to retain access to its markets should be hardwired into EU l...
Aug 19, 2020
