Business
Trump EPA To Announce Higher Bar For Justifying New Clean Air Regulations
The U.S. Environmental Protection Agency will announce on Wednesday its final rule changing how the agency measures the costs and benefits of proposed new curbs on pollution, a move that is likely to limit the agency’s power to impose stringent future reg...
Govt Buys Kharif Paddy Worth Rs 66,135 Crore So Far This Season; Procurement Volume Up 20%
Food Corporation of India (FCI) and state procurement agencies have bought 350.29 lakh tonne of paddy up to December 7 as against 292.37 lakh tonne in the corresponding period previous year.
Nationstar Mortgage To Refund $73M To Borrowers Under Order
Nationstar Mortgage was ordered to repay $73 million to approximately 40,000 homeowners for repeatedly failing to provide even the most basic operations as a mortgage servicing company over a period of four years, according to order filed with Consumer Fi...
Universal Music Buying Bob Dylan’s Entire Song Catalog
Bob Dylans entire catalog of songs, which reaches back 60 years and is among the most prized next to that of the Beatles, is being acquired by Universal Music Publishing Group.
Oil Falls On Surging Virus Cases And U.S.-China Tensions
Oil prices slipped on Monday as the positive impact from COVID19 vaccines and an OPEC+ deal on oil production cuts was undermined by surging coronavirus cases and heightened tensions between the United States and China.
Founder Of Hong Kong Fashion Retailer I.T Makes Offer To Take Company Private
Hong Kong fashion retailer I.T Ltd said on Sunday its founder and chairman Sham Kar Wai has teamed up with private equity group CVC to make an offer to take the company private for HK$1.305 billion ($168.37 million).
Saudi Arabia Raises Official January Crude Price To Asia
Saudi Arabian state oil giant Aramco has raised the January price for its Arab light crude to Asia to $0.30 a barrel over Oman/Dubai crude, up $0.80 from December, a company document showed.
Optimism Over Covid Vaccine, Hopes of Stimulus in the US May Drive Mkts Higher: Analysts
Prime Minister Narendra Modi last week said a COVID-19 vaccine may be ready in a few weeks as he noted that experts believe the wait for it will not be long, and asserted that the vaccination drive in India will begin as soon as scientists give the nod.
Cheesecake Factory Settles With SEC Over 'False' Filings
The U.S. Securities and Exchange Commission said Friday that The Cheesecake Factory settled charges that it misled investors on the impact the pandemic was having on its business.
U.S. Factory Orders Increase More Than Expected In October
New orders for U.S.made goods increased more than expected in October and business investment on capital was a bit stronger than initially thought as the manufacturing sector continues its steady recovery from the pandemic.
Global Debt To Hit $200 Trillion - S&P Global
Global debt is set to reach $200 trillion, or 265% of the world's annual economic output, by the end of the year, S&P Global has forecast although it doesn't expect a crisis any time soon.
Analysis: As Stocks Soar, Government Shutdown Looms Amid Pandemic
Investors worried about whether a looming government shutdown could slow U.S. stocks' recent surge can take comfort in history: markets have tended to shrug off shutdowns despite their potentially nasty economic impact.
Senate Confirms Christopher Waller To Serve On Fed's Board
The Senate on Thursday narrowly confirmed the nomination of Christopher Waller for the Federal Reserve's Board of Governors, placing another of President Donald Trump's picks on the Fed's influential board after a string of highprofile rejections.
Kroger Raises 2020 Profit View Despite Slowing Online Sales Growth
Kroger Co raised its annual profit forecast on Thursday, although the U.S. supermarket chain missed expectations for quarterly sales as its coronavirusdriven online growth slowed due to an easing in restrictions in the second half of the year.
3Q Earnings Offer An Unexpected Light In Pandemic Darkness
Corporate earnings are likely to end this year with a fourth-straight quarterly decline, but a profit rebound may be appearing on the horizon, analysts say.
Kroger 3Q Sales Jump As Virus Surges And Americans Stock Up
Kroger's sales surged in the third quarter as Americans restocked their pantries with COVID-19 infections beginning to surge throughout the fall.