Business
DoorDash Buys Robot Food Prep Company Chowbotics
DoorDash is buying automated food prep company Chowbotics to expand its fresh meal offerings.
Board Games The Standout Star In Hasbro's 4th Quarter
The critical holiday shopping season, coupled with quarantining amid the ongoing coronavirus pandemic, pushed board game sales up 21% at Hasbro in the fourth quarter.
Union Budget 2021: Newly-proposed DFI to be 100% Govt-owned, Says Economic Affairs Secretary
Private stakeholders will be allowed to enter the field and set up private DFIs through a special legislation and under RBI's enabling license provisions.
A Sexy Alexa, Dan Levy's M&M Habit: Super Bowl Ads To Watch
It might not have seemed likely early in the pandemic, but the 55th Super Bowl Sunday is upon us yet again. Each year advertisers pull out all the stops to entertain the crowd of 100 million viewers expected to tune in to the CBS broadcast on Sunday. This...
Banks Can Deduct Loans to New MSME Borrowers from NDTL for CRR Purpose: RBI
In order to incentivize new credit flow to MSME borrowers, scheduled commercial banks will be allowed to deduct credit disbursed to 'New MSME borrowers' from their net demand and time liabilities (NDTL) for calculation of the cash reserve ratio (CRR), RBI...
Sanofi Eyes More Cost Cuts To Boost Profitability
Sanofi said on Friday it aimed to grow earnings per share this year after it posted strongerthanexpected results in the fourth quarter, and the drugmaker hiked its cost cutting target as part of a bid to boost margins.
Canada Goose, PayPal Rise; Cognizant, Grubhub Fall
Stocks that traded heavily or had substantial price changes Thursday:
Gold Slides More Than 2% To Below $1,800 As Dollar, Yields Gain
Gold dropped more than 2% on Thursday to break below the key psychological $1,800 level as a jump in the dollar and U.S. Treasury yields eroded bullion's appeal.
Wall Street Rises As Focus Turns To Stimulus, Corporate Earnings
Wall Street's main indexes rose on Thursday as investors looked to corporate earnings and signs of progress on a pandemicrelief package after data suggested the labor market was stabilizing.
Branson-backed SPAC To Take DNA-testing Firm 23andMe Public In $3.5 Billion Deal
A blankcheck firm, backed by Virgin Group founder Sir Richard Branson, is taking consumer DNAtesting firm 23andMe public in a deal that values the merged entity at $3.5 billion, both companies said on Thursday.
Businesses Face Hard Decisions On Whether, When To Hire
As the U.S. economy undergoes an uneven recovery from the virus pandemic, many small businesses owners face a tough decision on whether and when to take on employees.
Gold, Silver Slide As Dollar Climbs To Two-month Peak
Gold and silver prices dropped on Thursday as a firmer dollar dented their appeal, while investors awaited the passage of a massive stimulus package in the United States and the Bank of England's policy outlook.
Roche Fourth-quarter Sales Helped By COVID-19 Test Business
Swiss drugmaker Roche got a fourthquarter lift from its COVID19 test business, where higher sales offset a decline at its drugs unit whose revenue was dragged down by the pandemic and patentexpired cancer drugs that lost ground to rivals.
How Major US Stock Indexes Fared Wednesday
Stocks closed modestly higher on Wall Street Wednesday as investors turn their focus to some strong earnings reports from Big Tech companies and hopes for getting more economic stimulus passed in Washington. The S&P 500 rose 0.1%. Googles parent company,...
Anheuser-Busch Investing $1B To Modernize US Facilities
Anheuser-Busch said Wednesday its investing $1 billion over the next two years to modernize its U.S. facilities.
Railways' Revenue Declined by Rs 36,993 Crore in 2020 Due to Pandemic, Says Govt
In written reply to a question in Lok Sabha, the minister said this decline in revenue was due to the adverse impact of COVID-19 pandemic, consequential lockdown and partial operation of passenger services.