Category Archives:
3M sees earnings hit from waning mask demand
(Reuters) - Industrial giant 3M Co on Monday forecast a slower pace of sales growth in 2022 and a 45 cent hit to its per-share earnings, as demand for its masks wanes due to the global vaccination dri...
Feb 14, 2022
Canadian dollar touches 10-day low amid Ukraine uncertainty
TORONTO (Reuters) - The Canadian dollar edged lower against the greenback on Monday, as investors weighed warnings that Russia could invade Ukraine at any time and a major trade route between Canada a...
Feb 14, 2022
Activist Bluebell Capital charts plan for Glencore coal spin-off
(Reuters) - Activist investor Bluebell Capital Partners has proposed a new structure for Glencore that would allow the miner to separate its thermal coal business and still maintain control of the spi...
Feb 14, 2022
Private equity firm CD&R offers to buy rest of Cornerstone Building Brands
(Reuters) - Cornerstone Building Brands Inc said on Monday that private equity group Clayton, Dubilier & Rice (CD&R) had proposed to acquire the rest of the building products maker for $24.65 per shar...
Feb 14, 2022
Bullard: Sequence of high U.S. inflation reports warrants faster hiking – CNBC
WASHINGTON (Reuters) - Four strong inflation reports in a row, from October through January, warrant a faster pace of Federal Reserve rate increases, St. Louis Fed president James Bullard said on Mond...
Feb 14, 2022
Record job-switching rates are pushing U.S. inflation higher, Chicago Fed study finds
By Jonnelle Marte (Reuters) - The unprecedented level of job switching seen last year as the U.S. labor market rebounded from the pandemic gave workers more leverage to ask for better pay and played a...
Feb 14, 2022
Ford suspends or cuts output at plants due to chip shortage
DETROIT (Reuters) - Ford Motor Co said on Monday it will continue idling some of its assembly plants in the week of Feb. 14 due to the global semiconductor shortage. The U.S. automaker will idle produ...
Feb 14, 2022
AMD closes biggest chip acquisition with $49.8 billion purchase of Xilinx
(Reuters) - Semiconductor designer Advanced Micro Devices Inc (AMD) said on Monday it has finalized the purchase of Xilinx Inc in the largest chip industry deal ever at $49.8 billion. The closing of t...
Feb 14, 2022
Column-Hedge funds take oil profits as inflation fears intensify: Kemp
By John Kemp LONDON (Reuters) - A bout of profit-taking ensued last week as seven-year highs in crude oil and middle distillates prices intensified concerns about inflation and the possibility of coun...
Feb 14, 2022
Reliance invests $200 million in InMobi’s Glance
By Yuvraj Malik (Reuters) - India's Reliance Industries is investing $200 million in Glance, a lock screen content company backed by Alphabet and owned by ad-tech firm InMobi, to bring the service to ...
Feb 14, 2022
Peoria, IL, USA
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