Global Glance: IMF expects $500 billion oil revenue loss, SEC may reduce company earnings reports

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Here are today’s top business headlines from across the nation and world:

IMF expects $500 billion revenue loss for Mideast oil exporters

DUBAI, United Arab Emirates (AP) — Oil exporting countries in the Middle East lost a staggering $390 billion in revenue due to lower oil prices last year, and should brace for even deeper losses of around $500 billion this year, the International Monetary Fund said Monday. Read more


USA Today owner Gannett bids for LA Times publisher Tribune

NEW YORK (AP) — Newspaper publisher Gannett said Monday that it wants to buy rival Tribune Publishing for more than $388 million, in a deal that would give the owner of USA Today control of the Los Angeles Times, the Chicago Tribune and several other newspapers. But Gannett said Monday that Tribune has refused to begin “constructive discussions” about a deal since it first offered to buy the company earlier this month. Read more


Enough with the earnings: SEC may reduce company reports

NEW YORK (AP) — Four times a year there’s a kind of parade on Wall Street: companies announce their quarterly earnings, all in a row, with the banks first, then the tech companies, and the retailers bringing up the rear. Stocks can rise or plunge based on the results. And three months later it all happens again. But regulators are wondering if it’s time for a change. Read more


Companies eye partnership deals to counter low growth

LONDON (AP) — With global economic growth slowing, inflation staying low and digital innovation generating uncertainty, companies are increasingly looking at partnership deals with other firms, even competitors, to boost revenues, consulting firm EY said Monday. Read more

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