Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Elliott’s Cohn steps off eBay board, two newcomers join
By Svea Herbst-Bayliss BOSTON (Reuters) - Elliot Management is giving up its board seat at eBay Inc , the company said on Thursday, less than two years after laying out a blueprint for improvements at...
Sep 10, 2020
Peloton revenue surges as pandemic boosts demand for fitness equipment
(Reuters) - Exercise bike maker Peloton Interactive Inc posted a 172% rise in quarterly revenue on Thursday, benefiting from a surge in subscribers and demand for its fitness products during the coron...
Sep 10, 2020
NYSE short interest fell 0.2 percent in late August
NEW YORK, Sept 10 (Reuters) - Short interest on the New York Stock Exchange fell 0.2 percent in late August, the exchange said on Thursday. As of Aug. 31, short interest fell to about 14.175 billion s...
Sep 10, 2020
Oracle revenue beats as cloud business benefits from remote work
(Reuters) - Business software maker Oracle Corp beat quarterly revenue expectations on Thursday as more companies signed up for its cloud services and software to support their remote workforce amid t...
Sep 10, 2020
Bayer CEO Baumann wins term extension until 2024
FRANKFURT (Reuters) - Bayer's Chief Executive Werner Baumann was given an extension of his contract until 2024, months after agreeing an $11 billion settlement of U.S. lawsuits over its Roundup weedki...
Sep 10, 2020
Portland General tumbles after report equipment possibly led to fires
(Reuters) - Shares of Portland General Electric plummeted as much as 16% after media reported that the utility has received unconfirmed information that some fires in Oregon region may have been start...
Sep 10, 2020
Citigroup’s Fraser shows Wall Street playing catch-up on woman CEOs
By Jessica DiNapoli NEW YORK (Reuters) - Citigroup Inc's appointment of Jane Fraser as its next chief executive on Thursday was celebrated on Wall Street as the first woman to lead one of the top U.S....
Sep 10, 2020
Disney expects to reopen a little over 50% of its hotels by end of fiscal year
(Reuters) - Walt Disney Co expects to have reopened "a little over 50%" of its hotels and resorts by the end of the fiscal year, according to Chief Financial Officer Christine McCarthy, who spoke via ...
Sep 10, 2020
U.S. stock funds shed $1.1 billion in week: Lipper
(Reuters) - U.S.-based stock mutual funds posted a $1.1 billion outflow in the week ended Wednesday, according to Lipper. U.S. taxable bond funds attracted $6.5 billion, the twenty second straight wee...
Sep 10, 2020
U.S. senator asks for CFIUS review of GNC purchase by Chinese company
WASHINGTON (Reuters) - U.S. Senator Marco Rubio, a Republican and a China hawk, asked for a national security review of plans by General Nutrition Centers , or GNC, to sell itself to Harbin Pharmaceut...
Sep 10, 2020
