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GM profit posts profit, raises full-year outlook
(Reuters) - General Motors Co on Wednesday swung to a second-quarter profit from a loss last year when the COVID-19 pandemic shut operations and raised its full-year forecast despite an $800 million h...
Syndicated Content Aug 04, 2021
Futures tread water after S&P 500 hits record high
By Sagarika Jaisinghani (Reuters) - U.S. stock index futures were muted on Wednesday following a record close for the S&P 500, while focus turned to data on the services sector for cues on whether a d...
Syndicated Content Aug 04, 2021
Betsy Cohen’s SPAC to take tech firm Pico public in $1.75 billion deal
(Reuters) - Fintech entrepreneur Betsy Cohen's special-purpose acquisition company (SPAC) has agreed to merge with technology services firm Pico in a deal that gives the combined entity an equity valu...
Syndicated Content Aug 04, 2021
JDE Peet’s says coffee lovers can swallow higher prices
By Toby Sterling AMSTERDAM (Reuters) - JDE Peet's , one of the world's largest consumer coffee companies, on Wednesday reported better than expected first-half operating profit, and said it would meet...
Syndicated Content Aug 04, 2021
Apollo second-quarter earnings more than double on strong asset sales
By Chibuike Oguh (Reuters) - Apollo Global Management Inc said on Wednesday its second-quarter distributable earnings more than doubled thanks to a surge in profits from asset sales in its private equ...
Syndicated Content Aug 04, 2021
Kraft Heinz beats sales estimates on strong demand for snacks, packaged meals
(Reuters) -Kraft Heinz Co beat market estimates for quarterly net sales on Wednesday as demand for snacks and packaged meals remained strong even as Americans started venturing out following the easin...
Syndicated Content Aug 04, 2021
Zapp Scooters poised to enter crowded electric motorbike segment
By Paul Lienert (Reuters) - British-based Zapp Scooters plans to begin selling its new i300 electric two-wheeler this fall in Europe and early next year in the United States, the company said on Wedne...
Syndicated Content Aug 04, 2021
New York Times beats quarterly revenue estimates
(Reuters) -The New York Times Co reported better-than-expected quarterly revenue on Wednesday, driven by strong advertising demand and a rise in digital subscriptions. The Times has grown its digital ...
Syndicated Content Aug 04, 2021
Mortgage rates fall below 3% for first time since February – MBA
By Evan Sully (Reuters) - The 30-year U.S. mortgage rate fell below 3% last week for the first time since February as interest rates globally drifted lower. The Mortgage Bankers Association (MBA) said...
Syndicated Content Aug 04, 2021
Myanmar limits foreign hires in banks in troubled financial sector
By Shoon Naing BANGKOK (Reuters) - Myanmar is limiting the number of foreign staff allowed to work in domestic banks, a move that industry sources warn could further impede financial development in a ...
Syndicated Content Aug 04, 2021
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