Rogers Communications reiterates support for CEO after ousted chairman's move to regain control

FILE PHOTO: A Rogers building, home of Rogers Communications in Toronto, Ontario, Canada October 22, 2021. REUTERS/Carlos Osorio(Reuters) – Rogers Communications Inc reiterated support on Sunday for Chief Executive Joe Natale following attempts by former Chairman Edward Rogers to remove him from the Canadian company. “We unequivocally support Joe Natale as CEO and support his management team,” Rogers said in […]

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WeWork stock is back but whittled down

Fox Business Flash top headlines for October 21 Check out what’s clicking on FoxBusiness.com. WeWork's shares rose Thursday amid its long-awaited stock market debut albeit on a much smaller scale than its 2019 heyday, when they were originally set to go public. The company, which leases buildings and divides them into office spaces to sublet to members, is trying to […]

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Earnings Previews: Facebook, GE, Lockheed Martin, Raytheon, UPS

Of nearly 40 companies in our watch list that reported earnings late Thursday or before markets opened Friday, a full one-quarter posted negative earnings surprises, and just one met expectations exactly. Nearly half (17) missed revenue estimates, and two others matched analysts’ estimates. Missing Wall Street’s revenue estimates is arguably a more serious offense than missing earnings estimates, as both […]

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Gold Futures Settle Notably Higher As Dollar Slips

Gold prices climbed higher on Friday as worries about inflation and Fed Chair Jerome Powell’s comments about reducing bond purchases pushed up the demand for the safe haven commodity. A weak dollar also contributed to gold’s uptick. The Dollar Index, which dropped to 93.54 around late morning, briefly emerged above the unchanged line a little past noon before edging lower […]

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Ex-Giuliani associate Parnas found guilty of violating U.S. campaign finance law

NEW YORK (Reuters) -Lev Parnas, a onetime associate of Donald Trump’s former personal lawyer Rudy Giuliani, was found guilty on Friday of violating U.S. campaign finance laws during the 2018 elections.FILE PHOTO: Lev Parnas, Ukrainian-American businessman and former Giuliani associate, walks to the United States Court in Manhattan in New York City, New York, U.S., October 18, 2021. REUTERS/Mike SegarParnas, […]

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Act to cut COVID cases early to avoid tougher measures later, UK PM's advisers say

LONDON (Reuters) – British Prime Minister Boris Johnson should prepare to introduce some measures to limit rising COVID-19 cases as acting early will reduce the need for tougher restrictions later, his scientific advisers said in advice published on Friday.FILE PHOTO: A man wearing a protective face mask walks during the morning rush hour, amidst the spread of the coronavirus disease […]

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U.S. Senate Republicans block voting rights bill as Democrats' patience wears thin

WASHINGTON (Reuters) -A bill aimed at thwarting restrictive new voting laws enacted in Republican-led states failed to advance in the U.S. Senate on Wednesday, as Republican lawmakers blocked a Democratic effort to begin debating the measure.FILE PHOTO: People protest for voting rights in Lafayette Park outside of the White House in Washington, U.S., October 5, 2021. REUTERS/Leah MillisIt was the […]

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Big money managers hoard cash, dump bonds as inflation fears mount

Market expert on inflation: It’s a ‘Tickle Me Elmo economy’ Adviser Investments CIO Jim Lowell weighs in on markets, inflation, supply issues and consumers.  Big money managers are hoarding the most cash in a year amid concerns over inflation and slowing global growth, according to a survey conducted by Bank of America. The average cash balance for respondents to Bank […]

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