Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
12 million people in Britain will struggle to pay bills, watchdog says
LONDON (Reuters) - Some 12 million people in Britain are likely to struggle with bills and loan repayments as the COVID-19 pandemic continues to wreak economic havoc, a Financial Conduct Authority sur...
Oct 21, 2020
Outgoing UBS CEO to serve as chairman of blank-check firm Investindustrial
(Reuters) - Sergio Ermotti, the outgoing chief executive officer of UBS Group AG , has agreed to serve as chairman of Investindustrial Acquisition Corp, the blank check company said in a U.S. filing. ...
Oct 21, 2020
Exxon Mobil ‘very close’ to disclosing U.S., Canada job cuts, says CEO
By Jennifer Hiller HOUSTON (Reuters) - Exxon Mobil Corp is "very close" to completing its workforce appraisals in the United States and Canada and expects to unveil job cuts, its chief executive told ...
Oct 21, 2020
Paul Singer’s Elliott Management moving headquarters to Florida: Bloomberg News
(Reuters) - Paul Singer's hedge fund Elliott Management Corp plans to move its headquarters to Florida from Midtown Manhattan, Bloomberg News reported on Wednesday, citing people familiar with the mat...
Oct 21, 2020
GM sells out first year of electric Hummer production
By Joseph White DETROIT (Reuters) - General Motors Co said it has sold out the first year's worth of its hulking GMC Hummer EV electric pickup truck after a splashy video reveal on Tuesday. The GMC we...
Oct 21, 2020
Former Blue Bell president faces new criminal charges over alleged listeria outbreak coverup
By Jonathan Stempel (Reuters) - A former president of Blue Bell Creameries has been indicted on wire fraud and conspiracy charges in connection with a 2015 listeria outbreak, five weeks after the comp...
Oct 21, 2020
Streaming service Quibi to wind down operations six months after launch
(Reuters) - Streaming service Quibi said on Wednesday it intends to wind down its operations and start a process to sell its assets, just six months after its launch. The announcement highlights the d...
Oct 21, 2020
Fed’s Bullard says U.S. can wait on fiscal aid, businesses adapting
(Reuters) - St. Louis Federal Reserve Bank President James Bullard on Wednesday repeated his view that U.S. businesses are largely adapting to life amid COVID-19 and the U.S. economy is on track to be...
Oct 21, 2020
Chipotle profit falls on higher expenses
(Reuters) - Chipotle Mexican Grill Inc on Wednesday posted an 18.6% drop in quarterly profit, hurt by higher beef prices, delivery costs and coronavirus-related expenses. Shares of the company, one of...
Oct 21, 2020
Whirlpool third-quarter profit rises 11%
(Reuters) - Appliances maker Whirlpool Corp on Wednesday reported a 10.8% rise in third-quarter profit as stay-at-home orders boosted demand for its home appliances during the coronavirus crisis. Net ...
Oct 21, 2020
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