Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Indonesia to cut maximum palm oil export tax and levy to a combined $488/T – trade minister
By Stefanno Sulaiman JAKARTA (Reuters) - Indonesia Trade Minister Muhammad Lutfi said on Tuesday the government would bring down its combined maximum crude palm oil export and levy rate to $488 per to...
Jun 07, 2022
Exclusive: Hasbro set to defeat Alta Fox board challenge-sources
By Svea Herbst-Bayliss NEW YORK (Reuters) - Hasbro Inc is poised to prevail over a board challenge from activist hedge fund Alta Fox, people familiar with the matter said on Tuesday. This outcome woul...
Jun 07, 2022
High fuel prices could erode public support for energy transition, Chevron CEO says
By Sabrina Valle HOUSTON (Reuters) - Europe's plan to double down on renewable fuels in response to rising fuel costs could have the unintended short-term effect of increasing prices and slow down the...
Jun 07, 2022
Hedge funds struggle in May amid recession fears
NEW YORK (Reuters) - Hedge funds posted negative performance in May, accentuating their losses this year to almost 3%, as investors positioned for a potential recession, a report by hedge fund data pr...
Jun 07, 2022
Hot Canada inflation not yet causing a wage spiral – budget watchdog
OTTAWA (Reuters) - Prices in Canada are rising at their quickest pace in 31 years, but that is not yet feeding in to a wage spiral, Canada's budgetary watchdog said on Tuesday, with inflation still ex...
Jun 07, 2022
Target to return soon to strong profits after tackling inventory woes – analysts
By Siddharth Cavale and Aishwarya Venugopal (Reuters) - Target Corp is expected to shed by August the excess inventory that is hurting its profitability and be poised to show strong profits during the...
Jun 07, 2022
Automakers back U.S. restoring California emissions authority
WASHINGTON (Reuters) - Five automakers including Ford Motor Co, Volkswagen AG and Honda Motor Co on Tuesday backed efforts by President Joe Biden's administration to restore California's ability to se...
Jun 07, 2022
Judge gives former Tesla worker a deadline to accept $15 million payout over racism
By Jonathan Stempel (Reuters) - A federal judge on Tuesday gave a Black former elevator operator at Tesla Inc two weeks to decide whether to accept $15 million in damages over racial abuse at the elec...
Jun 07, 2022
Shopify shareholders give CEO 40% voting stake – source
(Reuters) - Shareholders of Shopify Inc on Tuesday voted in favor of protecting Chief Executive Officer Tobias Lutke's 40% voting stake, a source told Reuters, citing preliminary results from the e-co...
Jun 07, 2022
Yellen says IRS ‘under siege’, needs $80 billion to beef up tax work
By Andrea Shalal WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen on Tuesday urged Congress to approve $80 billion in funding for the Internal Revenue Service to help the agency reduce a hu...
Jun 07, 2022
