Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Biden warns U.S. inflation could last ‘for a while’
By Trevor Hunnicutt BEVERLY HILLS, Calif. (Reuters) - President Joe Biden cautioned that U.S. inflation could last "for a while" after data on Friday showed that politically sensitive price pressures ...
Jun 11, 2022
Hyundai Motor plants in extra weekend run, S.Korea truckers’ strike continues
By Byungwook Kim and Heekyong Yang ULSAN, South Korea (Reuters) - A huge Hyundai Motor Co factory complex added weekend production on Saturday, despite a nationwide strike by truckers that has hit por...
Jun 10, 2022
No reserves in Germany’s federal budget, says finance minister
BERLIN (Reuters) - Germany's federal government has reached the limit of its fiscal capacity, its finance minister said, with extra financing to cope with the coronavirus pandemic, the impact of the w...
Jun 10, 2022
U.S. SEC investigating Goldman Sachs over ESG funds – WSJ
(Reuters) - The U.S. Securities and Exchange Commission is looking into Goldman Sachs Group Inc's asset-management division over its funds that look to invest based on environmental, social and govern...
Jun 10, 2022
Tesla to seek investor approval for 3-for-1 stock split
(Reuters) - Electric vehicle maker Tesla Inc on Friday proposed a stock split at a three-to-one ratio in the form of a stock dividend, according to a regulatory filing. The proposal will be put to vot...
Jun 10, 2022
Shareholders said corporate reforms merit millions in fees. Now they must prove it
By Alison Frankel (Reuters) - When plaintiffs lawyers in a derivative suit against Pinterest Inc board members asked for approval of their $5.4 million fee request last April, they told the judge they...
Jun 10, 2022
Cosmetics maker Revlon nears bankruptcy filing – WSJ
(Reuters) - Cosmetics maker Revlon Inc is preparing to file for chapter 11 protection as soon as next week, the Wall Street Journal reported on Friday, citing people familiar with the matter. Revlon, ...
Jun 10, 2022
JPMorgan sees ‘growing probability’ of a Spirit-JetBlue deal
By Rajesh Kumar Singh CHICAGO (Reuters) - Spirit Airlines Inc's acquisition by JetBlue Airways Corp has become a "growing probability", according to analysts at JPMorgan. Florida-based ultra-low-cost ...
Jun 10, 2022
India’s fuel demand jumps 24% year-on-year in May
By Kavya Guduru (Reuters) - India's fuel consumption jumped 23.8% in May from a year earlier, continuing a recovery from a relatively low base in 2021 when the world's third biggest oil consumer was i...
Jun 10, 2022
Wall Street Weekahead: Dashed peak inflation hopes spell more pain for stocks and bonds
By David Randall and Davide Barbuscia NEW YORK (Reuters) - Blistering inflation is threatening to re-ignite twin declines in U.S. stocks and bonds, leaving investors with few places to hide from a Fed...
Jun 10, 2022
