Business Stories from February 4, 2021 (Change date)
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Merck loses $2.1B in Q4; longtime CEO Frazier to retireFeb 04, 2021 6:00 am - Kenilworth, NJ (AP) - Merck posted a big fourth-quarter loss due to a hefty charge and much higher spending on research, production and overhead. The company also announ...
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Canada Goose, PayPal rise; Cognizant, Grubhub fallFeb 04, 2021 6:00 am - NEW YORK (AP) - Stocks that traded heavily or had substantial price changes Thursday: Merck & Co., down $1.29 to $76.03. The pharmaceutical company's fourth-quarter prof...
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Grains mixed and livestock mixed.Feb 04, 2021 6:00 am - Wheat for Mar. declined 10.75 cents at 6.3750 a bushel; Mar. corn was off 2 cents at 5.50 a bushel, Mar. oats was up .75 cent at $3.4975 a bushel; while Mar. soybeans ro...
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AP Source: McKinsey to pay $573M for role in opioid crisisFeb 04, 2021 6:00 am - The global business consulting firm McKinsey & Company has agreed to a $573 million settlement over its role in advising companies on how to 'œsupercharge'ť opioid sales...
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US long-term mortgage rates flat; 30-year stays at 2.73%Feb 04, 2021 6:00 am - WASHINGTON (AP) - U.S. long-term mortgage rates were flat this week, staying near record lows as the economy remains burdened by the coronavirus pandemic. Mortgage buye...
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1 tweet from Rihanna on farmer protests gets India incensedFeb 04, 2021 6:00 am - NEW DELHI (AP) - It took just one tweet from Rihanna to anger the Indian government and supporters of Prime Minister Narendra Modi's party. The pop star linked a news ar...
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UK strips Chinese state-owned TV channel of broadcast permitFeb 04, 2021 6:00 am - LONDON (AP) - U.K. regulators stripped China's state TV channel of its national broadcasting license on Thursday, after an investigation cited lack of editorial control ...
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Ford to cut back F-150 production due to chip shortageFeb 04, 2021 6:00 am - CHARLOTTE, N.C. (AP) - Ford Motor Co. said Thursday that it will cut shifts at two of its U.S. manufacturing plants next week, due to the worldwide chip shortage that ha...
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Brazil's Vale signs $7 billion settlement in mining disasterFeb 04, 2021 6:00 am - RIO DE JANEIRO (AP) - Brazilian mining giant Vale signed a settlement deal on Thursday to pay 37.7 billion reais ($7 billion) to the state of Minas Gerais, following the...
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German government prepares more economic help in pandemicFeb 04, 2021 6:00 am - BERLIN (AP) - Germany's governing parties have agreed on more help for families with children and people on benefits, as well as tax help for companies, as they try to k...