Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
GE gets dismissal of most of shareholder lawsuit over accounting, disclosures
By Jonathan Stempel NEW YORK (Reuters) - A U.S. judge in Manhattan has dismissed most but not all of a shareholder lawsuit accusing General Electric Co of concealing billions of dollars of insurance l...
Jan 29, 2021
Smartphone maker Xiaomi issues legal complaint against U.S. Defense, Treasury departments
SHANGHAI (Reuters) - Chinese smartphone maker Xiaomi Corp on Friday filed a legal complaint against the U.S. Department of Defense and the Treasury Department, according to public court records. (Repo...
Jan 29, 2021
Silver Lake cashes out on AMC for $713 million after Reddit-fueled rally
By Joshua Franklin (Reuters) - Buyout firm Silver Lake disclosed on Friday that it sold its stake in AMC Entertainment Holdings for $713 million this week, capitalizing on a 10-fold rise in the price ...
Jan 29, 2021
Treasury’s Yellen affirms importance of close ties with Canada
WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen and her Canadian counterpart on Friday underscored the importance of working closely together on economic policy, national security and clim...
Jan 29, 2021
Robinhood rejects Massachusetts regulator’s charges it encourages risky trading
By Nate Raymond BOSTON (Reuters) - Online brokerage Robinhood on Friday accused Massachusetts securities regulators of creating a "false impression" that it encourages inexperienced investors to place...
Jan 29, 2021
Taiwan to discuss supply chains with U.S. next week amid auto shortage
TAIPEI (Reuters) - Taiwan Economy Minister Wang Mei-hua will hold a virtual meeting with the United States next week to discuss supply chains, with semiconductor firms present, her ministry said on Fr...
Jan 29, 2021
Fed’s Daly sees sharp rebound, then slower slog back to pre-pandemic economy
(Reuters) - San Francisco Federal Reserve President Mary Daly on Friday said she expects a "sharp rebound" in economic activity once more people are vaccinated against COVID-19, but the Fed's work to ...
Jan 29, 2021
U.S. airlines, unions oppose requiring COVID-19 tests for domestic flights
WASHINGTON (Reuters) - A coalition of groups representing the airline, travel and aerospace industries and union groups on Friday urged President Joe Biden not to impose new COVID-19 testing requireme...
Jan 29, 2021
Sideshow or main event? GameStop stock ride weighed as bubble warning
By Lewis Krauskopf NEW YORK (Reuters) - Some investors are growing concerned that wild swings in GameStop and other stocks driven by small-time traders could be fresh signs of overexuberance that fore...
Jan 29, 2021
Republican lawmakers press Biden Commerce nominee on Huawei stance
WASHINGTON (Reuters) - Three China hardliners in the Senate are calling on President Joe Biden's Commerce Department nominee to clarify if she would remove China's telecoms equipment giant Huawei Tech...
Jan 29, 2021
