Business News
page: 1
next
Markets turn cautious, reversing an early gain to end lower
Markets turned cautious again, erasing and early gain and ending lower as investors try to handicap how much the new coronavirus variant will impact the economy. The latest roller-coaster ride brought the S&P 500 index up 1.9% in the morning and down 1.2%
SEC Chairman Gary Gensler: Bitcoin Competes With The U.S. Banking System
Gary Gensler said on Wednesday that Bitcoin was created “as a reaction” to the U.S. monetary system and its worldwide consensus.Bitcoin is an “off-the-grid” alternative to the traditional financial system, SEC Chairman Gary Gensler said.Gensler joined former
Multiple suspects ID’d in Twin Cities Best Buy ‘grab and run’ thefts
Authorities said Wednesday they have several leads and have identified multiple suspects in the “grab and run” coordinated thefts of thousands of dollars of goods from three Best Buy stores in Blaine, Maplewood and Burnsville on Black Friday. Maplewood police
Jack Dorsey-led Square Changes Company Name to Block
Square, the financial payments company helmed by Bitcoin
$34m break fee payable to Keppel 'indirectly borne' by Cuscaden if its SPH bid succeeds
Cuscaden Peak said yesterday that the $34 million break fee payable to Keppel Corporation would be "indirectly borne" by the consortium if it prevails in its takeover bid for Singapore Press Holdings (SPH). It noted that if the Cuscaden scheme succeeds and the
Tel Aviv climbs from 5th place to top list
Tel Aviv is now the most expensive city in the world to live in, according to an index compiled by the Economist Intelligence Unit (EIU). The Israeli city climbed from fifth place last year to head the rankings - the first time it has been in the top spot -
Fed survey finds supply-chain shortages boosting inflation
WASHINGTON — Many parts of the country were hit by supply chain disruptions and labor shortages in November, the Federal
China's home sales fall 38% in Nov as slump deepens
BEIJING • China's struggling real estate developers had another miserable month last month as a slump in home sales deepened. Contract sales by the country's top 100 developers plunged 38 per cent from a year earlier to 751 billion yuan (S$161 billion),
Stock markets likely to be volatile until clarity emerges on Omicron
Markets are expected to be volatile as experts gauge the impact of the Omicron virus variant in terms of transmissibility, severity and vaccine efficacy in the coming weeks. "We will get better clarity only in a few weeks' time, when the World Health
Firm to go public in US in $55b Spac deal
Singapore-based Grab will list in the United States today, after
New timeline for firms to tackle shareholders' queries before voting
Singapore Exchange Regulation (SGX RegCo) will be prescribing additional timelines to require companies to answer shareholders' queries before the deadline for shareholders to submit proxy votes, said chief executive Tan Boon Gin. The front-line regulator will
ESG Book set to disrupt market with free data service
LONDON • HSBC, Deutsche Bank and Swiss Re have thrown their support behind ESG Book, a new environment, social and governance (ESG) data platform launched yesterday to "disrupt" the market with a free "public good" service for companies and investors. The ESG
S'pore now Asia's priciest city as inflation adds to virus fears
Singapore is the most expensive Asian city to live in, with supply chain disruptions and rising fuel costs driving inflation to its highest level in years, said a report yesterday. The report from the Economist Intelligence Unit (EIU) puts Singapore up two
Grab to list in US after Altimeter investors approve Spac merger
Super-app Grab will list in the United States today, after Altimeter Growth Corp's investors approved a merger between the two companies. The combined entity will trade on Nasdaq under the ticker GRAB after the proposal was passed at an extraordinary general
Mapletree hits record year of private fund raising
Mapletree Investments has closed its third private fund for the year, Mapletree US Logistics Private Trust (Muslog), at a total fund equity of US$1.4 billion (S$1.9 billion). This brings its total private funds raised this year to US$2.5 billion - the highest
Asia factories shake off supply woes but Omicron a new risk
TOKYO • Asian factory activity grew last month as crippling supply bottlenecks eased, but rising input costs and renewed weakness in China dampened the region's prospects for an early, sustained recovery from pandemic paralysis. The newly detected Omicron
Ambarella, Box rise; Salesforce.com, Generac fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Salesforce.com Inc., down $33.46 to $251.50. The customer-management software developer gave investors a disappointing
Fitness apparel brand Nobull, Flagship Pioneering in talks for leases at former Globe HQ
If the leases finalize, they would mark the first deals at the mammoth Morrissey Boulevard property since the Globe departed for a downtown Boston headquarters in 2017. ...
Developer pursues 332-acre subdivision near Lockhart, part of aggressive homebuilding strategy in rural area
A Bastrop-based real estate development firm is seeking to create a
Honeywell CEO praises new headquarters city while hinting at more growth ahead
Honeywell CEO Darius Adamczyk said today that the company has already benefited from its move to Charlotte from New Jersey. The company has just moved into a new 23-story headquarters building in uptown. ...
What’s in store for Austin’s housing market next year?
New reports predict modest home price growth for the Austin metro area in 2022, a far
New Mexico drilling permit roundup: 13 operators approved for 45 total permits last week
Of the 45 permits approved by Oil Conservation Division last week, 35 are for oil wells and 10 for gas wells. ...
With historic expansion complete, CEO Rob Connelly says Henny Penny is prepared for the future
Its clients include some of the biggest names in foodservice, like McDonald's, Wendy's, KFC and Chick-fil-A. As their needs evolve, Henny Penny will design ambitious solutions for commercial kitchens of the future. ...
Will heavy local tenant mix at new KCI help? That depends, airport concessions expert says
Vantage Airport Group has proposed making 80% of KCI’s food, drink and retail tenants local. An expert in airport concessions and retail talks about the potential upsides and downsides. ...
KC-based Spotlight Analyst doubles office space, grows employment
After building its reputation with small and midsize companies, Spotlight Analyst Relations now is attracting bigger clients, leading to more growth, which leads to a need for more space. ...
Interest grows in developing 25 acres of vacant land in northeast Wichita
The smallest lot is about an acre, or a master developer could buy the entire 25-acre track. ...
Federal funding could speed Floyd Hill expansion, Eisenhower Tunnel repairs
Colorado transportation leaders say that a new infusion of as much as $900 million from the federal infrastructure plan could complete the state's 10-year plan more quickly. ...
Police say Best Buy Black Friday theft spree was 'coordinated effort,' have suspects
Multiple "grab and run" incidents at Twin Cities Best Buy Co. Inc. stores on
Queens University names Novant Health exec its Charlotte BusinessWoman of the Year
Queens University of Charlotte has selected Tanya Blackmon as its 2021
Oil and gas-focused startup raises at least $10M to expand cloud-based platform
The entirely remote startup has grown its client list to more than 150 oil and gas companies — 20 of them public — since launching a year and a half ago. ...
Anaheim industrial property sells for $6.5 million
Alemi Properties bought 1030–1040 N. Armando St. from a private investor. ...
CRB report: Supply chain crunch reshapes biopharma operations
Kansas City life sciences firm CRB published a report detailed how the industry responded to this year's supply chain crunch. ...
Cartel Coffee Lab changes its name and branding as it looks towards the future
Cartel Coffee Lab, which has become one of the biggest locally owned coffee retailers in Arizona, debuted a new name and new branding Wednesday. Here's the reason behind it. ...
Bankruptcy judge giving Central Warehouse owner one more chance
The latest twist in the long-running saga: Blum is prepared to pay about $35,000 — the equivalent of four monthly payments under the proposed Chapter 11 debt reorganization. ...
On the Agenda: Lots of lots could hit Fort Worth
About 3,800 single-family residential lots could be in the works across Fort Worth. ...
International restaurant coming to WestBend in Fort Worth
Quince’s first location in San Miguel de Allende, Mexico was named the best rooftop restaurant in the world by Robb Report Magazine for the last two years. ...
Netflix makes good on pledge to put 2% of its cash in Black-led banks
“More capital moving into these institutions means more home and small-business loans, resulting in more opportunities for Black communities,” the streaming giant said. ...
Following successful crowdfunding campaign, Pittsburgh-based Mamalux is looking to grow
For Lindsay Applebaum Stuart, everything her startup does has to serve a
Latham Group acquires Radiant Pools
Latham announced the acquisition Tuesday, three weeks after the company projected it would finish the year 50% ahead of last year. ...
UT Physicians inks lease to consolidate Bellaire locations
The company said the move was driven by a desire to reduce patient confusion by being able to direct them to a single location. ...
Four Cabarrus County industrial buildings sell for more than $122M combined
The buildings, which total around 1.25 million square feet, sold for a total of $122.3 million, county real estate records show. They were sold by EQT Exeter to another entity also affiliated with EQT Exeter. ...
Orlando plans new multi-building government complex near Lake Nona
The project could cost $15 million. ...
Austin is looking for ideas to secure creative spaces, kicks off Cultural Trust work
The city of Austin and its economic development corporation want to get started on preserving live music venues, art galleries and iconic venues before they disappear from the Live Music Capital of the World. ...
Duke Realty pitches major warehouse development on 29 acres in Oakland
Regional demand for industrial and logistics space, bolstered by the e-commerce boom, is soaring. ...
Here are plans for the first new facility at the former Good Samaritan Hospital site ...
A years-long effort to redevelop the former Good Samaritan Hospital campus in west Dayton appears to be moving forward with its first facility. ...
Roxbury Community College president departing
Valerie Roberson, the president of Roxbury Community College since 2013, will be departing after an interim president is hired, the Boston school said Wednesday. ...
Troon grows its racket sports division with prominent acquisition
Scottsdale-based golf management and hospitality services company Troon Golf LLC is expanding its racket sports footprint with the acquisition of tennis management company Peter Burwash International. ...
Freestar acquires English startup to expand advertising tech offering
Phoenix-based Freestar has acquired London's Triple13, its second acquisition this year and third of all time. See why the two companies came together. ...
Brazilian travelers return to Orlando after 19-month lockout
It will kickstart more business opportunities for Central Florida. ...
Darling's cocktail bar opens on Bardstown Road in the Highlands
The five co-owners are focused on gin at the new spot along the busy corridor, and two of them will be behind the bar mixing cocktails. ...
Hospitals put hold on staff vaccination requirement pending ruling
The judge's order had postponed the Biden administration's plan, through the Centers for Medicare & Medicaid funding, to require Covid shots for all health care facilities that receive CMS funding. ...
Four Seasons shuffles GMs at San Francisco, South Bay properties
New blood at the helm in East Palo Alto while Four Seasons Embarcadero searching for its next GM. ...
A quarter of Denver homebuyers are looking to relocate out of the metro. Here's where.
Around one in four Denver homebuyers are looking to relocate, and the top
Education, diversity at the heart of 10-year plan to solidify Phoenix economy
Greater Phoenix Economic Council leaders outlined 10 economic imperatives that will guide economic development decisions in the region for the next 10 years, which are expected to be especially consequential. ...
Why America's rush to EVs might kill the entire Canadian auto parts business
Why America's rush to EVs might kill the entire Canadian auto parts business ...
Texas regulators tighten winterization rules for natural gas sector
Texas regulators tighten winterization rules for natural gas sector ...
Coronavirus Omicron variant begins to rattle travel industry
Coronavirus Omicron variant begins to rattle travel industry ...
Billionaire With Massive Chinese Investments Says Communist Party Disappears People Because It’s ‘Like A Strict Parent’
Billionaire With Massive Chinese Investments Says Communist Party Disappears People Because It’s ‘Like A Strict Parent’ ...
Elkhart farmers market barn Southgate has new owners with a new vision
Elkhart farmers market barn Southgate has new owners with a new vision ...
Moderna could be sued over vaccines as court upholds Arbutus patents
Moderna could be sued over vaccines as court upholds Arbutus patents ...
CEOs and insiders sell a record $69 billion of their stock
CEOs and insiders sell a record $69 billion of their stock ...
Aldi announced new stores in Phoenix, Queen Creek
Aldi announced new stores in Phoenix, Queen Creek ...
US reports 1st case of omicron variant in returning traveler
US reports 1st case of omicron variant in returning traveler ...
Why a doctor is urging people to 'upgrade' their face covering to a surgical mask
Why a doctor is urging people to 'upgrade' their face covering to a surgical mask ...
Kingston, N.Y.: A Historic Hudson City ‘Preparing for Better Opportunities’
Kingston, N.Y.: A Historic Hudson City ‘Preparing for Better Opportunities’ ...
Capital One drops all overdraft fees, latest bank to do so
Capital One drops all overdraft fees, latest bank to do so ...
How U.S. retailers are guarding against organized shoplifting gangs
How U.S. retailers are guarding against organized shoplifting gangs ...
Mount Pleasant movie theater closes after being sold to Charlotte firm for $14.25M
Mount Pleasant movie theater closes after being sold to Charlotte firm for $14.25M ...
Toys R Us to open in New Jersey American Dream with slide, ice cream
Toys R Us to open in New Jersey American Dream with slide, ice cream ...
Historic Lakeland Palmetto Street building to get renovations, new tenants
Historic Lakeland Palmetto Street building to get renovations, new tenants ...
Hybrid work model here to stay
The Covid pandemic induced hybrid work model is likely to persist even as employees are keen to return to office. Speaking at the inaugural session of Infocom 2021, the flagship B2B event of ABP Group, Bhaskar Ghosh, chief strategy officer, Accenture said the
Sumitomo Mitsui purchases 74.9 per cent stake in Fullerton India
Sumitomo Mitsui Financial Group (SMFG) on Wednesday said it has completed the purchase of a 74.9 per cent stake in Fullerton India Credit Company (Fullerton India) from Fullerton Financial
Gates, French Gates offer post-divorce philanthropic plans
Bill Gates and Melinda French Gates say they will still work with the Giving Pledge, the campaign they co-founded with Warren Buffett in 2010 to encourage billionaires to donate the ...
Elastic: Fiscal Q2 Earnings Snapshot
Elastic NV (ESTC) on Wednesday reported a loss of $47 million in its fiscal second quarter. On a per-share basis, the Mountain View, California-based company said it had a loss ...
How major US stock indexes fared Wednesday
Markets turned cautious again, erasing an early gain and ending lower Wednesday as investors try to handicap how much the new coronavirus variant will impact the economy. The latest roller-coaster ...
'I didn't pull the trigger': Alec Baldwin breaks down during interview about film set death
Actor Alec Baldwin says he did not pull the trigger on the prop gun which fired and killed cinematographer Halyna Hutchins on the set of the film Rust. ...
Live: NSW Now: Sydney's cracked inner-west light rail trams out of warranty
MORNING BRIEFING: It's been revealed the cracked light rail trams that have been decommissioned for 18 months are out of warranty, casting doubt on the Transport Minister's promise taxpayers won't have to pay for their repair. ...
Veeva: Fiscal Q3 Earnings Snapshot
Veeva Systems Inc. (VEEV) on Wednesday reported fiscal third-quarter net income of $105.9 million. On a per-share basis, the Pleasanton, California-based company said it had net income of 65 cents. ...
Wall Street volatile as COVID-19's Omicron variant spreads to United States
It was a volatile night on Wall Street, with stocks losing ground in the last hour of trade as the United States confirmed the discovery of COVID-19's Omicron variant. ...
Semtech: Fiscal Q3 Earnings Snapshot
Semtech Corp. (SMTC) on Wednesday reported fiscal third-quarter earnings of $34.4 million. The Camarillo, California-based company said it had profit of 53 cents per share. Earnings, adjusted for one-time gains ...
South Africa’s new COVID cases double in 1 day amid omicron
South Africa's new cases of COVID-19 nearly doubled in a day, authorities reported Wednesday, signaling a dramatic surge in the country where scientists detected the omicron variant last week. New ...
Synopsys: Fiscal Q4 Earnings Snapshot
Synopsys Inc. (SNPS) on Wednesday reported fiscal fourth-quarter earnings of $201.4 million. The Mountain View, California-based company said it had profit of $1.28 per share. Earnings, adjusted for one-time gains ...
Editorial Roundup: Florida
Palm Beach Post. November XX, 2021. Editorial: Lake O operating plan about the best option of tough choices Pity the U.S. Army Corps of Engineers. Taking on the role of ...
CrowdStrike: Fiscal Q3 Earnings Snapshot
CrowdStrike Holdings Inc. (CRWD) on Wednesday reported a loss of $50.5 million in its fiscal third quarter. On a per-share basis, the Sunnyvale, California-based company said it had a loss ...
Zuora: Fiscal Q3 Earnings Snapshot
Zuora Inc. (ZUO) on Wednesday reported a loss of $22.9 million in its fiscal third quarter. The Redwood City, California-based company said it had a loss of 18 cents per ...
Okta: Fiscal Q3 Earnings Snapshot
Okta Inc. (OKTA) on Wednesday reported a loss of $221.3 million in its fiscal third quarter. The San Francisco-based company said it had a loss of $1.44 per share. Losses, ...
Splunk: Fiscal Q3 Earnings Snapshot
Splunk Inc. (SPLK) on Wednesday reported a loss of $343.3 million in its fiscal third quarter. On a per-share basis, the San Francisco-based company said it had a loss of ...
Green transition will be less painful if we avoid repeating 1970s policy errors in the ...
Russian energy giant Gazprom has announced record profits for the first nine months of the year, and is forecasting even stronger results for the fourth quarter. This is thanks to the very high price of natural gas, which Russia is accused of exacerbating by
Sorry Facebook Messenger Users, No Encryption Until 2023
Meta is under increasing pressure to protect young people on its platforms since the release of The Facebook Papers. (Photo illustration by Chesnot/Getty Images) Meta, formerly known as Facebook, shared ongoing privacy protection initiatives across Messenger
Govt Discounts Fresh Migration Of KP Families
(MENAFN - Kashmir Observer) – Says Part Of 'Movement Of Officials', Winter Break In Edu Institutes New Delhi- The government on Wednesday said the recent migration of 115 Kashmiri Pandit ... ...
Tempers High In Cold Desert Over Interfaith Marriage
(MENAFN - Kashmir Observer) > LBA Shoots Letter To LG, Allege Girl Forcibly Married; Converted Srinagar- Tension is brewing once again in Zanskar area of Kargil district after a Buddhist ... ...
ZEE CONTENT SALES ANNOUNCES AN EXCITING NEW CONTENT SLATE AT ATF 2021
(MENAFN - EIN Presswire) Bhagya Lakshmi (Lucky Charm), a romantic plot that takes you through journey of Lakshmi Baal Shiv, Indian Mythological show small.jpeg' width='300' height='300' ... ...
Militancy Down After Art-370 Revocation: Govt
(MENAFN - Kashmir Observer) >KO File Photo New Delhi: The number of militancy-related t incidents in Jammu and Kashmir during a period of 841 days after special status of Jammu and Kashmir was ... ...
Lake County considers purchasing government building from landlord
The county has used the building since 2014. ...
$6M post office revival among $458.3M in Lockport's Build projects portfolio
Iskalo Development Co. has larger buildings in its portfolio than the former
