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Business News

Germany gives nuke plant operators $2.9B for early shutdown

NewsPlexus Media

Mar 5, 2021

The German government said Friday it has agreed with four utility companies that they will receive a combined 2.4 billion euros ($2.9 billion) in compensation for the early shutdown of their nuclear power plants.

Business News

OPEC, allies keep oil output unchanged, prices jump

NewsPlexus Media

Mar 4, 2021

Members of oil producer cartel OPEC and allied countries have agreed to leave most of their existing oil production cuts in place as the spread of new coronavirus variants prolongs concerns about economic weakness.

Business News

GM looking to build 2nd US battery factory, Tennessee likely

NewsPlexus Media

Mar 4, 2021

General Motors says it's looking for a site to build a second U.S. battery factory with joint venture partner LG Chem of Korea.

Business News

Germany seeks to improve oversight of firms' delivery chains

NewsPlexus Media

Mar 3, 2021

Germany's Cabinet on Wednesday approved legislation that seeks to make big companies ensure environmental rules and human rights are respected throughout their delivery chains.

Headline Stories

Official: Merck to help produce rival J&J's COVID-19 vaccine

NewsPlexus Media

Mar 2, 2021

Drugmaker Merck & Co. will help produce rival Johnson & Johnson’s newly approved coronavirus vaccine in an effort to expand supply more quickly, a Biden administration official confirmed Tuesday.

Business News

With sale of the Venetian, Las Vegas Sands exits the Strip

NewsPlexus Media

Mar 3, 2021

Las Vegas Sands is selling the iconic Venetian casino resort and its Sands Expo and Convention Center for $6.25 billion, withdrawing from gambling operations on the Las Vegas Strip after changing the nature of the casino business there and just about everywhere else.

Business News

US service sector growth slows sharply in February

NewsPlexus Media

Mar 3, 2021

Growth in the services sector, where most Americans works, slowed sharply in February with hurdles related to the pandemic hindering growth.

Business News

Official: Merck to help produce rival J&J's COVID-19 vaccine

NewsPlexus Media

Mar 2, 2021

Drugmaker Merck & Co. will help produce rival Johnson & Johnson’s newly approved coronavirus vaccine in an effort to expand supply more quickly, a Biden administration official confirmed Tuesday.

Business News

Online review platform Trustpilot chooses London for IPO

NewsPlexus Media

Mar 1, 2021

Online review platform Trustpilot said Monday it plans to sell shares in London, in a stock offering that helps shore up the city's status as a financial hub and destination for tech companies after Brexit.