Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Tesla jumps 9%, company to join S&P 500
(Reuters) - Shares of Tesla surged 9% in extended trade on Monday after S&P Dow Jones Indices announced that the electric car maker would join the S&P 500 index. Tesla will join the S&P 500 prior to t...
Nov 16, 2020
Supermarket chain Costco declares special dividend of $10 per share
(Reuters) - Membership-only supermarket chain Costco Wholesale Corp on Monday declared a special dividend of $10 per share as it benefits from consumers stocking up essentials due to the COVID-19 pand...
Nov 16, 2020
Smithfield Foods, subcontractor fined $100,000 for COVID-19 violations in California
By Tom Polansek CHICAGO (Reuters) - Smithfield Foods, the world's biggest pork processor, and a subcontractor face fines of more than $100,000 from California's workplace safety regulator for failing ...
Nov 16, 2020
Airbnb IPO filing shows slowdown in revenue growth due to COVID-19
(Reuters) - Home rental startup Airbnb Inc disclosed paperwork for its initial public offering (IPO) on Monday that showed a slowdown in its core business due to the COVID-19 pandemic, even as it prep...
Nov 16, 2020
Universal, Cinemark agree on earlier home release for movies
LOS ANGELES (Reuters) - Comcast Corp's Universal Pictures and Cinemark Holdings Inc have reached an agreement that allows the studio's films to be made available in U.S. homes as soon as three weeks a...
Nov 16, 2020
Baidu to buy JOYY’s live-streaming business in China for $3.6 billion
(Reuters) - Chinese search engine giant Baidu Inc said on Monday it would acquire JOYY Inc's video-based entertainment live streaming business in China for about $3.6 billion in cash. The deal is expe...
Nov 16, 2020
Buffett’s Berkshire invests in several big drugmakers
(Reuters) - Warren Buffett's Berkshire Hathaway Inc said on Monday it has begun investing in four large drugmakers. In a regulatory filing detailing its U.S.-listed investments as of Sept. 30, Berkshi...
Nov 16, 2020
U.S. upgrades safety probe into nearly 159,000 Tesla vehicles
WASHINGTON (Reuters) - The U.S. National Highway Traffic Safety Administration (NHTSA) said on Monday it was upgrading a probe into nearly 159,000 Tesla Model S and Model X vehicles over touchscreen f...
Nov 16, 2020
Biden calls on Congress to pass new COVID-19 relief package
WILMINGTON, Del. (Reuters) - President-elect Joe Biden on Monday called on Congress to come together and pass a new coronavirus relief package. In remarks on the economy, Biden urged lawmakers in both...
Nov 16, 2020
Wirecard’s European business sold to Santander: insolvency administrator
FRANKFURT (Reuters) - Wirecard's insolvency administrator on Monday said a sale of the payment system provider's European technology platform to Spain's Banco Santander has been agreed. Santander will...
Nov 16, 2020
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