Reuters US Business

By David Shepardson WASHINGTON (Reuters) – A growing number of U.S. lawmakers are raising questions about the potential for SpaceX CEO Elon Musk to interfere or take over a $2.4 billion Federal Aviation Administration telecommunications contract with rival Verizon. Musk, a senior adviser to President Donald Trump who owns satellite company Starlink, has sharply criticized …

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(Reuters) – From Google to Target, many major U.S. companies have dropped or considered altering their diversity, equity and inclusion (DEI) policies following President Donald Trump’s executive order to curtail such programs at the federal and private level. Even before Trump took office, big corporations were under increasing pressure from conservative groups to cut back …

Factbox-US companies scale back and modify diversity policies after Trump’s order Read More »

(Reuters) -MNTN, a connected TV advertising platform that has Ryan Reynolds as its chief creative officer, filed for an initial public offering in the United States on Friday. The company enables brands to advertise on connected TVs — devices with access to the internet that can stream online videos. It was backed by BlackRock and …

MNTN, adtech platform linked to Ryan Reynolds, files for US IPO Read More »

(Reuters) -Spirit AeroSystems reported a $577 million fourth-quarter operating loss on Friday, swinging from $215 million in operating income a year earlier, which was helped by a funding agreement with key customer Boeing. The major supplier to the U.S. planemaker reported $2.1 billion in net losses for 2024, and it “will need to obtain additional …

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(Reuters) – Bumble on Friday named Ronald Fior, currently a partner of financial consulting firm FLG Partners, as the interim finance chief of the dating app operator, effective March 15. Fior currently serves as a consultant to Bumble and will remain in that position following his transition to the CFO role, the company said. He …

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(Reuters) – Alaska Air flight attendants have ratified a new three-year labor contract, a union representing the workers said on Friday. The Association of Flight Attendants-CWA, the union representing the attendants at the Seattle-based carrier, said that 95% of the votes cast supported the new agreement. The ratified agreement would provide attendants with pay increases …

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By Greg Bensinger (Reuters) – Amazon.com cut “a small number” of jobs at its Wondery podcast unit, known for “Dr. Death” and “Business Wars,” the company said in a statement to Reuters on Friday. Amazon purchased Wondery in 2020 for a reported $300 million and last year signed a three-year $100 million deal for rights …

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(Reuters) – Grubhub CEO Howard Migdal said on Friday that the food delivery firm has decided to cut about 500 jobs, as it focuses on aligning its business with Wonder after the takeover was completed last month. Grubhub was bought last year by a food delivery startup Wonder, led by Walmart’s former executive Marc Lore. …

Food delivery company Grubhub to cut 500 jobs Read More »