Friday, 1 October 2021

Reuters Business: Enterprise software firm Informatica files for U.S. IPO

Enterprise software firm Informatica files for U.S. IPO

Enterprise software developer Informatica Inc on Friday filed for an initial public offering in the United States, paving the way for a return to the public markets more than six years after being taken private.

Deere reaches tentative 6-year labor deal with United Auto Workers union

U.S. tractor maker Deere & Co and the United Auto Workers (UAW) union on Friday agreed on a new six-year labor contract that will be subject to a vote by the company workers.

Merck COVID-19 pill success slams Moderna shares, shakes up healthcare sector

Positive clinical trial results for Merck & Co's experimental antiviral COVID-19 pill reverberated through the healthcare sector on Friday, sending the drugmaker's stock price soaring while denting high-flying shares of vaccine companies and makers of other coronavirus therapies.

Wall Street kicks off October with broad rally, boosted by economic cheer

Wall Street stocks surged to a higher close on Friday, entering the final quarter of 2021 in a buying mood boosted by positive economic data, progress in the battle against COVID, and Washington developments on the potential passage of an infrastructure bill.

Wall Street rallies on first day of October, boosted by economic cheer

Wall Street stocks surged to a higher close on Friday, kicking off the fourth quarter in a buying mood boosted by positive economic data, progress in the battle against COVID, and Washington developments on the potential passage of an infrastructure bill.

What to watch for in the U.S. SEC's GameStop report

The U.S. Securities and Exchange Commission plans to soon release its long-awaited report on the GameStop trading saga and it could have implications for brokerages, wholesale market makers, exchanges, and retail investors.

Wall Street kicks off October with gains, boosted by economic optimism

Wall Street advanced in a broad rally on Friday, after sorting out conflicting news about the economy, the battle against COVID, and legislative wrangling in Washington at the start of the fourth quarter.

Fast-food chains close some indoor seating as U.S. cities mandate vaccine checks

As New York, San Francisco and a few other U.S. cities and counties require restaurants to check proof of COVID-19 vaccination to dine indoors, some fast-food chains are simply shutting their seating areas altogether - a move that may dent their sales.

Fed's Mester repeats first rate hike could come at the end of 2022

The Federal Reserve's conditions for raising interest rates could be met by the end of 2022, Cleveland Fed Bank President Loretta Mester said on Friday, adding that she expects inflation to come back down to the central bank's target next year.

EXCLUSIVE White House presses U.S. airlines to quickly mandate vaccines for staff

The White House is pressing major U.S. airlines to mandate coronavirus vaccines for employees by Dec. 8 and showing no signs of extending the deadline, four sources told Reuters on Friday.

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