Clear 32°. Wind Chill: 22°. Wind: W 15 mph.
Loading advertisement…
Trending: Mangione argues AG’s alleged conflict of interest is grounds for suspending death penalty from his case
HomeNewsNationalBusiness ( Page 151)

Business

Subscribe to the Business News Feed.
SHARE NOW
by

Hitachi Energy buys stake in US-based Shermco to boost grid services

By Stephanie Kelly LONDON (Reuters) -Hitachi Energy has acquired a minority stake in Shermco, a U.S. electrical services company recently bought by Blackstone, Hitachi Energy told Reuters on Wednesday, in a deal aimed at creating the largest grid services provider in North America. The deal follows ...
by

Super Micro’s new subsidiary to offer AI server support to US government

(Reuters) -Artificial intelligence server maker Super Micro Computer on Wednesday said it has created a subsidiary catering to U.S. federal agencies, amid a drive to increase efficiency in the government. Shares of the company were up around 3%. The White House in April had ordered ...
by

Analysis-US government shutdown may prompt first-ever workaround for inflation-protected bonds

By Davide Barbuscia and Anirban Sen NEW YORK (Reuters) -With the U.S. government shutdown threatening to freeze October’s inflation report, the Treasury is expected to deploy a workaround to compute the index underpinning the $2.1 trillion market for inflation-protected bonds for the first time since ...
by

US issues general license for German assets of Russia’s Rosneft, website shows

WASHINGTON (Reuters) -The United States issued a Russia-related general license authorizing transactions involving Rosneft Deutschland GmbH and RN Refining & Marketing GmbH, according to a posting Wednesday on a Treasury Department website.   The transactions are authorized through 12:01 a.m. EDT, April 29, 2026, the website ...
by

GM to cut over 1,200 jobs at EV plant, Detroit News reports

(Reuters) -General Motors will cut 1,200 jobs at its EV plant in Detroit, and hundreds more at its Tennessee and Ohio battery facilities, Detroit News reported on Wednesday.(Reporting by Utkarsh Shetti in Bengaluru; Editing by Leroy Leo) Brought to you by www.srnnews.com
by

Former Morgan Stanley advisers sue US Labor Department

By Jonathan Stempel NEW YORK (Reuters) -The U.S. Department of Labor has been sued by former Morgan Stanley financial advisers for allegedly issuing an illegal advisory opinion sought by the Wall Street bank that could scuttle hundreds of arbitration claims against the bank. In a complaint ...
Loading advertisement…
by

Boeing takes near $5 billion hit on much-delayed 777X program

By Dan Catchpole and Shivansh Tiwary (Reuters) -Boeing pushed the first delivery of its long-delayed 777X jet program out to 2027 and took a nearly $5 billion charge due to the delays, in another series of setbacks for the aerospace giant. The 777X was central to ...
by

Railroad operator CSX names new CFO

(Reuters) -CSX on Wednesday named Kevin Boone as finance chief, succeeding Sean Pelkey, who has departed the railroad operator after about three years in the role. Boone joined CSX in 2017 and held several key leadership roles, with the most recent being chief commercial officer ...
by

Bank of Canada trims key interest rate, hints at end to cuts

By Promit Mukherjee and David Ljunggren OTTAWA (Reuters) -The Bank of Canada reduced its key overnight interest rate to 2.25% on Wednesday, as widely expected, and signaled this could mark an end to its cutting cycle unless the outlook for inflation and economy changed. The 25 ...
by

US pending home sales unexpectedly flat in September despite lower mortgage rates

WASHINGTON (Reuters) -Contracts to purchase previously owned U.S. homes were unexpectedly unchanged in September, likely as worries about the labor market kept prospective buyers on the sidelines despite declining mortgage rates. The flat reading in pending home sales last month, which was reported by the ...
by

Factbox-South Korea gives details of trade deal struck with the U.S.

GYEONGJU, South Korea (Reuters) -Following are some of the details released by South Korea’s chief policy advisor Kim Yong-beom, shortly after U.S. President Donald Trump said the two nations had reached a trade deal. Washington has not confirmed the details of the agreement. TRADE ...
by

Kraft Heinz trims annual sales, profit forecasts as demand remains depressed

(Reuters) -Kraft Heinz lowered its annual sales and profit forecasts on Wednesday, signaling persistent weakness in demand for its pricier snacks and pantry condiments from budget-conscious consumers amid macroeconomic uncertainty. Shares of the company, which has said it would split into two with one focused ...
First Previous147148149150151152153154155Next Last