Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
New York files insurance fraud charges against opioid makers Teva, Allergan
(Reuters) - New York Governor Andrew Cuomo said on Tuesday the State Department of Financial Services had filed charges against Teva Pharmaceuticals and Allergan Plc over their role in the opioid cris...
Aug 18, 2020
Citigroup asks judge to freeze funds it mistakenly sent to Revlon creditors
By Imani Moise (Reuters) - Citigroup asked a U.S. judge on Tuesday to freeze funds it mistakenly sent Revlon Inc creditors amid a lawsuit over one of the largest clerical errors by a bank in years. La...
Aug 18, 2020
Big Tech drives S&P 500 to record high in coronavirus rally
By Noel Randewich (Reuters) - The S&P 500 hit a record high on Tuesday, thanks largely to months of outperformance from Amazon and other heavyweight technology companies viewed by investors as likely ...
Aug 18, 2020
TD Ameritrade trading platform thinkorswim hit by systems glitch
By John McCrank NEW YORK (Reuters) - Online retail brokerage TD Ameritrade Holding Corp said some of its thinkorswim desktop trading platform customers were unable to log on for a second-straight day,...
Aug 18, 2020
Mexico president wants to revoke concession for Hutchison-run port
MEXICO CITY (Reuters) - Mexico's president on Tuesday said he would try to revoke a "100-year" concession from the company running the major port of Veracruz in the Gulf of Mexico, apparently referrin...
Aug 18, 2020
Elon Musk’s SpaceX raises $1.9 billion in funding
(Reuters) - Billionaire Elon Musk's SpaceX has raised $1.9 billion in new funding, according to a regulatory filing https://bit.ly/3178nk3 on Tuesday. Bloomberg, which reported about the fund round la...
Aug 18, 2020
U.S. housing starts surge in July in rare pandemic bright spot
(Reuters) - U.S. homebuilding accelerated by the most in nearly four years in July in the latest sign the housing sector is emerging as one of the few areas of strength in an economy suffering a recor...
Aug 18, 2020
Toyota to offer cars in India on lease, subscription
By Aditi Shah NEW DELHI (Reuters) - Toyota Motor Corp will offer its cars in India on leases or shorter-term subscriptions, hoping to tap growing demand for private transport as travelers cut down on ...
Aug 18, 2020
Exclusive: Nigeria’s long-awaited oil reform bill to go to president – sources
By Libby George LAGOS (Reuters) - Nigeria's oil ministry will present a long-awaited oil and gas reform bill to the president in the coming days aimed at boosting output and attracting foreign investm...
Aug 18, 2020
Detached from reality? Why U.S. stocks just hit a new high
By David Randall and Saqib Iqbal Ahmed NEW YORK (Reuters) - Has Wall Street missed the news that we are in a pandemic? The U.S. economy remains battered by the coronavirus outbreak and Congress is dea...
Aug 18, 2020
