Reuters US Business

By Scott Murdoch SYDNEY (Reuters) -Australia’s ANZ Group has a ‘good news’ culture that deters staff from speaking up about potential mistakes while bureaucracy hampers some of its processes, a review into the bank and its non-financial risk management practices has found. ANZ, Australia’s fourth largest lender by market capitalisation, published the McKinsey review on …

ANZ’s ‘good news’ culture masking problems, bank review finds Read More »

By Andy Sullivan, Courtney Rozen and JC Whittington (Reuters) -The U.S. government is due to lumber back to life on Thursday after the longest shutdown in U.S. history snarled air traffic, cut food assistance to low-income Americans and forced more than 1 million workers to go unpaid for more than a month. But the deep …

US government opens back up but deep political divisions remain Read More »

By Jonathan Stempel NEW YORK (Reuters) -Bank of America and Bank of New York Mellon asked a federal judge on Thursday to dismiss lawsuits accusing them of knowingly aiding Jeffrey Epstein’s sex trafficking by providing banking services to the disgraced late financier. The proposed class actions filed on October 15 by one of Epstein’s victims, …

Bank of America, Bank of New York Mellon seek to end Epstein lawsuits Read More »

By Christy Santhosh (Reuters) -Novo Nordisk and Eli Lilly denied weight-loss drug partnership with Mangoceuticals on Thursday, hours after the telehealth provider disclosed it had arrangements with the two drugmakers. Shares of Mangoceuticals had surged nearly 30% in premarket trading after a press statement from earlier on Thursday said it had partnered with Novo and …

Novo Nordisk, Lilly deny partnership with Mangoceuticals on obesity drugs Read More »

By Nelson Bocanegra BOGOTA (Reuters) -Colombia’s state-run energy company Ecopetrol ECO.CN expects to execute about $6.3 billion in investments in 2025, equivalent to 90% of its target, executives from the company told Reuters in an interview on Thursday, adding it could close the year with five additional exploratory wells drilled. The company earlier on Thursday reported …

Colombia’s Ecopetrol to execute $6.3 billion in investments in 2025, drill five additional wells Read More »

By David Shepardson WASHINGTON (Reuters) -Families of some victims of two Boeing 737 MAX plane crashes that killed 346 people asked a U.S. appeals court on Thursday to reverse a judge’s decision to approve the Justice Department’s request to dismiss a criminal case against the planemaker. Judge Reed O’Connor, of U.S. District Court in Fort …

Crash victims’ families appeal US judge’s decision to dismiss Boeing criminal case Read More »

(Reuters) -Applied Materials said on Thursday it expects spending on chipmaking equipment in China to fall in 2026 as tighter U.S. export controls limit its market access, with overall revenue projected to be stronger in the second half of the year. While tighter U.S. export curbs are expected to dampen demand, strong memory output tied …

Applied Materials sees weaker China spending in 2026 on tighter US curbs Read More »

(Reuters) -Under Armour and Stephen Curry have parted ways, ending over a decade-long partnership between the NBA star and the sportswear company. Curry, who signed with the brand in 2013 after his Nike contract expired, created the “Curry Brand” within Under Armour in 2020. The brand will become independent of Under Armour following the split. …

Under Armour parts ways with Steph Curry as restructuring gathers pace Read More »