-Chevron Corp and Marathon Oil Corp on Wednesday became the latest U.S. oil and gas companies to raise quarterly dividends as a rebound in fuel demand drives energy prices higher. …
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By Sabrina Valle HOUSTON – Shares of U.S. oil major Chevron Corp on Wednesday touched an all-time high intraday amid a strong stock market rally and ahead of the release …
- Business News
Fidelity brokerage’s ‘rubber-stamping’ allowed meme stock abuses, regulator says
by Reutersby ReutersBy Jonathan Stempel -Massachusetts’ securities regulator on Wednesday charged Fidelity Brokerage Services with improperly “rubber-stamping” applications to trade options, saying the “blatantly unethical” practice allowed some ineligible retail investors to …
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– General Motors Co said on Wednesday it would hire more than 8,000 new technical staff this year, as the U.S. automaker accelerates its development of electric vehicles and software-driven …
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By Paul Lienert – Ford Motor Co and longtime Chinese partner Jiangling Motors Corp have formed a joint venture aimed at strengthening Ford’s sales efforts and reach in China, the …
- Business News
Inbursa ‘waiting to see’ before expressing interest in Citibanamex bid
by Reutersby ReutersMEXICO CITY – Mexican bank Inbursa said it would wait to know more about the sale of Citigroup’s Mexico retail operations, known as Citibanamex, before expressing interest in the unit, …
- Business News
Defense company Leonardo has made no decision on DRS business sale
by Reutersby ReutersMILAN – Defence and aerospace group Leonardo said on Wednesday it had not taken a formal decision about a sale of a business line at its DRS division. Bloomberg reported …
- Business News
Tesla shares jump ahead of report; investors eye factories, Cybertruck
by Reutersby Reuters– Shares of Tesla Inc rallied on Wednesday ahead of the electric car maker’s quarterly report after the bell, with investors focused on how quickly the company can scale production …
- Business News
Brazil sees 2022 public debt as high as 6.4 tln reais, more floating rate debt
by Reutersby ReutersBRASILIA -Brazil’s outstanding public debt is expected to increase this year to a range between 6 trillion reais and 6.4 trillion reais, a rise of up to 14% on last …
- Business NewsFood & Dining
Synergy CEO says Restaurants not facing worker shortage, but wage shortage
Last year, we experienced The Great Resignation, which hit the hospitality industry especially hard. In November 2021, a record 4.5 million Americans quit their jobs — and 1 million of those were restaurant …
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By Brian Ellsworth MIAMI – The United States should increase financing and aid to the Caribbean to help the region recover from the pandemic and cope with the growing impact …
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Wall Eyecare Associates Coming to Wall Towne Center in Manasquan
by Your Newsby Your NewsMANASQUAN, N.J. – Optical provider Wall Eyecare Associates is coming to Wall Towne Center in Manasquan, announced Levin Management Corporation (LMC). The 100,000-square-foot, grocery-anchored retail property sits on Route 34, less than one quarter mile from the intersection of Route …
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BOSTON – Activist investment firm Legion Partners, which last year was part of a group that settled for three board seats at retailer Kohl’s Corp, told clients that its fund …
- US and World News
Putin talks up energy ties in address to Italy’s business elite
by Reutersby ReutersBy Stephen Jewkes, Crispian Balmer and Vladimir Soldatkin MILAN/MOSCOW – Russian President Vladimir Putin stressed the importance of ties between Russia’s energy industry and Italy as he addressed Italian business …
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MILAN – Italy’s biggest debt recovery firm doValue will aim to keep the amount of loans it manages stable at 160 billion euros ($180.5 billion) to the end of 2024, …
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By Anirban Sen, Krystal Hu and Echo Wang -Gopuff, the SoftBank Group Corp -backed delivery startup that was valued at about $15 billion last year, has tapped banks to lead …
- Business News
Asset manager Brewin Dolphin’s income rises as inflows remain robust
by Reutersby Reuters– Brewin Dolphin on Wednesday posted a rise in income for the first quarter, helped by continued growth in inflows to record levels since last year, as the wealth manager …
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LONDON – Fund manager Quilter saw a strong final quarter of 2021, with improved year-on-year net flows, it said in a trading statement on Wednesday. Assets under management reached 111.8 …
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SHENZHEN, China – China’s state planner has given its blessing for the southern city of Shenzhen to pursue reforms in areas such as relaxed market access for cross border data …
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TOKYO – An index measuring the prices Japanese firms charge each other for services hit a more than two-decade high in December, a sign inflationary pressure was building on rising …
- US and World News
Putin meeting with Italy business elite to go ahead despite Ukraine
by Reutersby ReutersBy Stephen Jewkes MILAN – A meeting between Russian President Vladimir Putin and the heads of some of Italy’s top companies to boost business ties between the two countries is …
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Fast-Food Chains Making Massive Changes To Their Value Meals
Fast-food chains are bringing back their value meal deals but making massive changes to eligibility rules and prices. Increasing food costs and labor shortages have caused fast-food giants to reevaluate …
- US and World News
U.S. business borrowing for equipment fell 3% in December – ELFA
by Reutersby Reuters– U.S. companies borrowed 3% less in December to finance their investments in equipment, the Equipment Leasing and Finance Association (ELFA) said on Tuesday, as inflation and Omicron cloud economic …
- Business NewsFeatured NewsFood & Dining
ValueAct urges 7-Eleven owner to examine alternative strategies
by Reutersby ReutersBy Svea Herbst-Bayliss BOSTON -ValueAct Capital has called on 7-Eleven’s owner Seven & i Holdings to listen to shareholder concerns and to consider strategic alternatives, including a possible sale. U.S.-based …
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Canadian farmers face cattle feed shortage due to drought, transport strains
by Reutersby ReutersBy Rod Nickel WINNIPEG, Manitoba – Canadian farmers say they are just days away from running out of feed for cattle, due to severe drought last summer damaging crops needed …