Business – Page 666 – Freedom 96.9

Toyota changes CEO despite its strength through industry turmoil

Friday, February 6 by SRN News

By Norihiko Shirouzu and Nathan Gomes Feb 6 (Reuters) - Toyota Motor's surprise CEO switch comes as global automakers confront a tumultuous industry landscape - one that the Japanese automaker has been navigating more adeptly than most. The world's No. 1 carmaker by sales said on... Read More.

As US block of oil supply deepens energy crisis, Cubans ask: What more can we sacrifice?

Friday, February 6 by SRN News

HAVANA (AP) - After a day spent selling books, Solanda Oña typically boards a bus from a wealthy seaside district in Havana to her home in the city's working-class center. But on Thursday night, the bus never came. The 64-year-old bookseller spent the night sleeping... Read More.

Giannis Antetokounmpo joins Kalshi as a shareholder, marking a new venture for the NBA star

Friday, February 6 by SRN News

Milwaukee Bucks star Giannis Antetokounmpo has become a shareholder in Kalshi, a major prediction market with a wide array of sports trading opportunities. Antetokounmpo announced the partnership Friday. "The internet is full of opinions. I decided it was time to make some of my own," Antetokounmpo... Read More.

Judge orders Trump administration to restore funding for rail tunnel between New York and New Jersey

Friday, February 6 by SRN News

NEW YORK (AP) - A federal judge ordered the Trump administration to restore funding to a new rail tunnel between New York and New Jersey on Friday, ruling just as construction was set to shut down on the massive infrastructure project. The decision came months... Read More.

MGM Resorts beats quarterly profit estimates on steady sports betting business

Thursday, February 5 by SRN News

Feb 5 (Reuters) - Casino operator MGM Resorts International reported fourth-quarter profit above Wall Street estimates on Thursday, driven by strong performance in its online sports-betting business. Sports betting in the United States has gained traction, driven by increasing state-level legalization and heavy marketing by... Read More.

Microchip Tech forecasts quarterly profit below estimates as memory shortages bite

Thursday, February 5 by SRN News

Feb 5 (Reuters) - Chipmaker Microchip Technology forecast fourth-quarter profit below Wall Street estimates on Thursday, raising concerns about the impact of a memory-supply crunch on the wider semiconductor industry. Shares of the Chandler, Arizona-based company fell more than 5% in extended trading. A global shortage... Read More.

US Postal Service reports $1.25 billion quarterly loss as it faces cash crunch

Thursday, February 5 by SRN News

By David Shepardson WASHINGTON, Feb 5 (Reuters) - The U.S. Postal Service on Thursday reported a net quarterly loss of $1.25 billion as it faces ongoing liquidity concerns and renewed calls for reforms to address its financial difficulties Operating revenue in the three months ending December... Read More.

Amazon misses 4Q profit estimates despite better-than expected growth in cloud computing business

Thursday, February 5 by SRN News

NEW YORK (AP) - Amazon sales surged 14% during the fourth quarter, helped by strong holiday spending and a better-than-expected growth in its prominent cloud computing unit. But the Seattle-based online behemoth's shares fell nearly 10% in after-hours trading as its profits came in slightly... Read More.

Families of plane crash victims ask US appeals court to revive a criminal case against Boeing

Thursday, February 5 by SRN News

Thirty-one families that lost relatives in two fatal crashes of Boeing 737 Max jetliners asked a federal appeals court on Thursday to revive a criminal case against the aircraft manufacturer. Paul Cassell, a lawyer for the families, urged a three-judge panel of the 5th U.S.... Read More.

US attorney says it will not prosecute companies that cooperate in criminal investigations

Thursday, February 5 by SRN News

By Chris Prentice NEW YORK, Feb 5 (Reuters) - Federal prosecutors plan to increase incentives for companies that cooperate during criminal investigations, including promises not to prosecute them, the U.S. Attorney in Manhattan said on Thursday. Jay Clayton's remarks at an industry conference come as the... Read More.

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