Wednesday, December 1, 2021

Financial Post

Financial Post


ClearStar acquires Employment Screening Resources to secure its presence as a leading national CRA

Posted: 01 Dec 2021 11:49 AM PST

ALPHARETTA, GA., Dec. 01, 2021 (GLOBE NEWSWIRE) -- ClearStar, Inc. ("ClearStar"), a leading provider of Human Capital Integrity℠ technology-based services, specializing in background and medical screening, is pleased to announce it has acquired Employment Screening Resources (ESR), a highly respected background screening firm. This transaction is ClearStar's second acquisition in the past 120 days and is part of an ongoing growth strategy geared towards acquiring and integrating best-in-class capabilities to deliver high-quality, cutting-edge services for new and existing customers.  Read More

Cargill, Union Reach Tentative Deal to Avert Meat Plant Strike

Posted: 01 Dec 2021 11:47 AM PST

(Bloomberg) -- U.S. meatpacking giant Cargill Inc. reached a tentative deal with the union representing workers at one of Canada's biggest beef plants, bringing the sides closer to averting a strike that threatened to disrupt the country's meat supply. Read More

GM boosts profit outlook as supply chain troubles ease

Posted: 01 Dec 2021 11:46 AM PST

DETROIT -- General Motors Co expects full year adjusted pre-tax profits will reach about $14 billion, higher than the previous forecast, the automaker's Chief Financial Officer Paul Jacobson said during a presentation. Read More

U.S. consumer watchdog says it will scrutinize banks’ ‘blockbuster’ overdraft fees

Posted: 01 Dec 2021 11:46 AM PST

The U.S. Consumer Financial Protection Bureau (CFPB) will issue new guidance aimed at curbing banks' reliance on fees from overdraft and non-sufficient funds (NSF) facilities that lenders impose on consumers, its top official said on Wednesday. Read More

Air France-KLM considers cap hike delay as Omicron disrupts travel – sources

Posted: 01 Dec 2021 11:45 AM PST

LONDON -- Air France-KLM is considering delaying its planned capital increase because of tough travel restrictions imposed by governments to mitigate the spread of the Omicron variant of the coronavirus, two sources familiar with the company's plans told Reuters. Read More

U.S. economy gaining steam as manufacturing forges ahead; shortages still a constraint

Posted: 01 Dec 2021 11:44 AM PST

WASHINGTON -- U.S. manufacturing activity picked up in November amid strong demand for goods, keeping inflation high as factories continued to struggle with pandemic-related shortages of raw materials. Read More

Omicron taking over in South Africa as U.S. reports first case

Posted: 01 Dec 2021 11:44 AM PST

JOHANNESBURG -- The heavily mutated Omicron variant of the coronavirus is rapidly becoming dominant in South Africa, less than four weeks after being detected there, authorities said on Wednesday, as other countries tightened their borders against the new threat. Read More

Wall Street advances but investors on edge with Omicron, inflation worries

Posted: 01 Dec 2021 11:42 AM PST

The S&P rose on Wednesday after the previous session's tumble but pared much of its gains by late afternoon as investors were still jittery about the latest coronavirus variant, surging inflation and U.S. Federal Reserve policy. Read More

U.S. oil pares gains after weekly fuel stockpiles jump

Posted: 01 Dec 2021 11:36 AM PST

West Texas Intermediate (WTI) crude oil futures slipped on Wednesday, reversing course from early gains after a U.S. official said the country was still considering tools to lower energy prices, and as government data pointed to weaker gasoline demand. Read More

Neither Santa nor Grinch: Biden promises stocked shelves for Christmas

Posted: 01 Dec 2021 11:35 AM PST

WASHINGTON -- President Joe Biden promised on Wednesday that rising prices and goods shortages will ease somewhat even as the United States approaches the holiday season facing new threats from the Omicron COVID-19 variant. Read More

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