Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Tesla’s profit streak not derailed by coronavirus as auto industry braces for losses
By Akanksha Rana and Tina Bellon (Reuters) - Tesla Inc on Wednesday posted its third quarterly profit in a row, but said the novel coronavirus was hurting deliveries and lockdown restrictions made it ...
Apr 29, 2020
Canopy Growth Corp to lay off 200 employees
(Reuters) - Canadian pot producer Canopy Growth Corp said on Wednesday it would lay off 200 employees in North America and the UK, according to an internal announcement seen by Reuters. The layoffs ar...
Apr 29, 2020
Qualcomm second-quarter results beat estimates, shares rise
(Reuters) - Qualcomm Inc on Wednesday beat Wall Street estimates for quarterly results and forecast current-quarter sales largely in line with expectations even though several other chipmakers had fla...
Apr 29, 2020
Facebook sees signs of stability in ad spending
(Reuters) - Facebook Inc beat analysts' estimates for quarterly revenue on Wednesday, and said it has seen signs of stability in ad spending during the first three weeks of April. Shares of the compan...
Apr 29, 2020
Microsoft revenue beats as remote work boosts Teams, Windows
(Reuters) - Microsoft Corp reported quarterly revenue above Wall Street estimates on Wednesday, boosted by higher usage from its online app Teams collaboration and higher demand for the Windows operat...
Apr 29, 2020
US money market assets increased in latest week: iMoneyNet
NEW YORK, April 29 (Reuters) - U.S. money market fund assets increased by $72.69 billion to $4.652 trillion in the week ended April 28, the Money Fund Report said on Wednesday. Taxable money market fu...
Apr 29, 2020
EU’s Gentiloni urges Europe to get recovery plan for second half of 2020
PARIS (Reuters) - Europe's recovery plan should be ready to kick in in the second half of the year and not drag on until December or later, European Commissioner Paolo Gentiloni said on Wednesday. In ...
Apr 29, 2020
Exclusive: Chesapeake Energy preparing bankruptcy filing – sources
By Mike Spector and David French (Reuters) - Chesapeake Energy Corp , the oil and gas exploration and production company that was at the forefront of the past decade's U.S. shale boom, is preparing a ...
Apr 29, 2020
Exclusive: Venezuela asks Bank of England to sell its gold to U.N. for coronavirus relief – sources
By Corina Pons and Mayela Armas CARACAS (Reuters) - Venezuela is asking the Bank of England to sell part of the South American nation's gold reserves held in its coffers and send the proceeds to the U...
Apr 29, 2020
Hertz in talks with creditors to avoid debt default, faces May 4 deadline
By Jessica DiNapoli (Reuters) - Hertz Global Holdings Inc said on Wednesday it was in talks with its lenders to avoid defaulting on debt related to its rental vehicle fleet, after skipping a payment t...
Apr 29, 2020
