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Coterra Energy misses quarterly profit, raises 2025 production forecast

(Reuters) -Oil and gas firm Coterra Energy missed Wall Street estimates for third-quarter profit on Monday, as lower oil prices offset a jump in production, but raised its annual production forecast. Shares of the company were down 3% at $23.66 in after-market trading. U.S. President Donald ...
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Simon Property Group raises annual real estate FFO forecast on resilient leasing demand

(Reuters) -Commercial real estate investment trust Simon Property Group raised full-year forecast for real estate funds from operations on Monday, driven by resilient leasing demand across its shopping centers. The mall operator, which counts LVMH, the luxury conglomerate behind Louis Vuitton and Tiffany & Co, ...
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Exxon explores more refinery upgrades as it hones in on higher-value products

By Sheila Dang HOUSTON (Reuters) -After starting up operations at four new refining and chemicals initiatives this year, Exxon Mobil is surveying more opportunities to revamp other sites, an executive told Reuters in a recent interview. The projects form what Exxon CEO Darren Woods has described ...
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First clinical trial of pig kidney transplants gets underway

WASHINGTON (AP) — The first clinical trial is getting underway to see if transplanting pig kidneys into people might really save lives. United Therapeutics, a producer of gene-edited pig kidneys, announced Monday that the study’s initial transplant was performed successfully at NYU Langone Health. It’s the ...
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Samsung hit with $191.4 million US jury verdict in OLED patent trial

By Blake Brittain (Reuters) -Samsung Electronics owes patent owner Pictiva Displays $191.4 million in damages for infringing two U.S. patents covering organic light-emitting diode technology, a jury in Texas federal court said on Monday. Pictiva convinced the jury that a wide range of Samsung devices violate Pictiva’s ...
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Russian push for OPEC+ action pause met no Saudi resistance, sources say

By Dmitry Zhdannikov, Alex Lawler and Ahmad Ghaddar LONDON (Reuters) -The decision by OPEC and its allies on Sunday to keep oil output targets steady in the first quarter of next year came after Russia lobbied for the pause because it would struggle to increase exports ...
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Fed’s Cook: December live for a rate cut but will depend on incoming information

By Howard Schneider WASHINGTON (Reuters) -U.S. Federal Reserve Governor Lisa Cook said on Monday she considers December’s Fed meeting “live” for a potential rate cut but that she will make her decision based on information from a broad variety of sources between now and then, ...
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Tesla sued by family who says faulty doors led to wrongful deaths from fiery crash

By Jonathan Stempel (Reuters) -Tesla has been sued over a fiery Wisconsin crash that killed all five occupants of a Model S, who were allegedly trapped inside because of a design flaw that prevented them from opening the sedan’s doors. Jeffrey Bauer, 54, and Michelle Bauer, ...
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OpenAI and Amazon sign $38 billion deal for AI computing power

SEATTLE (AP) — OpenAI and Amazon have signed a $38 billion deal that enables the ChatGPT maker to run its artificial intelligence systems on Amazon’s data centers in the U.S. OpenAI will be able to power its AI tools using “hundreds of thousands” of Nvidia’s ...
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S&P 500, Nasdaq gain after Amazon-OpenAI deal; Kenvue jumps after buyout

By Twesha Dikshit and Purvi Agarwal 2025 -The S&P 500 and Nasdaq edged higher on Monday, after a slew of AI deals boosted megacap companies Amazon and Nvidia, while hawkish comments from Federal Reserve officials kept optimism in check. Amazon.com hit a record high after signing ...
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Cloud startup Lambda unveils multi-billion-dollar deal with Microsoft

(Reuters) -Artificial intelligence cloud startup Lambda said on Monday it has entered into a multi-billion-dollar agreement with Microsoft to deploy tens of thousands of AI chip leader Nvidia’s graphics processors. Lambda did not provide further details on a specific deal value or timeline for the ...
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Mining giant Anglo American faces class action appeal over alleged lead poisoning in Zambia

CAPE TOWN, South Africa (AP) — An appeal hearing opened Monday in South Africa on whether a subsidiary of British-based mining company Anglo American PLC was responsible for lead poisoning over decades that affected around 140,000 people in Zambia. The class action by women and ...
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