Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Funds favor bonds over stocks in run-up to U.S. election: Reuters poll
By Rahul Karunakar and Tushar Goenka BENGALURU (Reuters) - Global fund managers recommended the lowest exposure to equities and the highest share of bonds in portfolios in over a decade this month, ci...
Oct 30, 2020
AbbVie raises 2020 profit forecast as COVID-19 hit eases
(Reuters) - Drugmaker AbbVie Inc posted better-than-expected quarterly sales and raised its full-year adjusted profit forecast on Friday, as demand for its Botox and other treatments showed signs of r...
Oct 30, 2020
EU won’t delay sustainability disclosures for banks despite lack of guidance
By Huw Jones LONDON (Reuters) - Banks and insurers must comply with a new European Union law on sustainability-related disclosures from March even though detailed guidance on how it should work in pra...
Oct 30, 2020
Exxon posts third straight loss as pandemic hits energy demand, prices
(Reuters) - Exxon Mobil Corp posted its third straight quarterly loss on Friday and detailed deeper spending cuts to come, as the oil major reels from the COVID-19 impact on energy demand and prices. ...
Oct 30, 2020
Marlboro maker Altria takes $2.6 billion third-quarter hit on Juul investment
(Reuters) - Altria Group Inc said on Friday it took a $2.6 billion charge on its investment in Juul Labs Inc in the third quarter, mainly due to lower revenue projection from the e-cigarette maker. Re...
Oct 30, 2020
Analysis: Biden’s clean-energy ‘revolution’ faces challenge to match fossil-fuel jobs, pay
By Valerie Volcovici and Laura Sanicola WASHINGTON/NEW YORK (Reuters) - Democratic presidential nominee Joe Biden, seeking to allay concerns that his plan to fight climate change would harm the econom...
Oct 30, 2020
Exclusive: Investor group says Apollo director overseeing Epstein review is not independent
By Jessica DiNapoli NEW YORK (Reuters) - A group representing U.S. pension funds says the head of an Apollo Global Management Inc committee overseeing the investigation of CEO Leon Black's ties to lat...
Oct 30, 2020
KKR’s third-quarter earnings rise on capital market strength
By Chibuike Oguh NEW YORK (Reuters) - Private equity firm KKR & Co Inc said on Friday its after-tax distributable earnings rose 6% year-on-year in the third quarter, driven by growth in management fee...
Oct 30, 2020
Under Armour beats quarterly revenue estimates
(Reuters) - Under Armour Inc beat quarterly revenue estimates on Friday, helped by online demand from shoppers looking for athletic apparel for home or outdoor workouts. The company's revenue stayed r...
Oct 30, 2020
‘Eat out to help out’ offer contributed to UK second COVID wave: study
By Andrew MacAskill LONDON (Reuters) - The British government's "Eat out to help out" discount scheme to boost spending at restaurants, cafes and pubs over the summer helped spread the coronavirus and...
Oct 30, 2020
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