Reuters US Business

By Milana Vinn (Reuters) – Private equity firm Bain Capital is weighing options, including a sale, for Rocket Software that could value the U.S. automation software provider at as much as $10 billion, including debt, people familiar with the matter said. Bain’s deliberations come as the artificial intelligence boom is forcing large corporations to increase …

Exclusive-Bain Capital mulls $10 billion sale of Rocket Software, sources say Read More »

By Lucia Mutikani WASHINGTON (Reuters) – Sales of new U.S. single-family homes fell more than expected in January as persistently high mortgage rates sidelined potential buyers, the latest indication that housing market and overall economic activity slowed early in the first quarter. The steep decline in new home sales, reported by the Commerce Department on …

US new home sales tumble; median house price highest since 2022 Read More »

(Reuters) – Citi anticipates an eventual implementation of a 25% copper-specific tariff by the fourth quarter of 2025, following U.S. President Donald Trump’s executive order initiating an investigation into U.S. copper imports, the bank said in a note on Wednesday. Trump opened yet another front on Tuesday in his assault on global trade norms, ordering …

Citi predicts 25% US copper-specific tariff by fourth quarter Read More »

By Ross Kerber and Utkarsh Shetti (Reuters) – Deere investors voted overwhelmingly against a resolution aimed at its diversity, equity and inclusion efforts on Wednesday, continuing a pattern of shareholder distaste for anti-DEI measures despite Republican political pressure on executives. During a webcast of its annual meeting, executives with the farm equipment maker said only …

Investors in farm equipment maker Deere reject anti-DEI resolution Read More »

By Patrick Wingrove and Ahmed Aboulenein (Reuters) -Eli Lilly plans to spend at least $27 billion to build four new manufacturing plants in the U.S., the drugmaker said at a Washington press conference on Wednesday, as it grapples with the threat of drug import duties from the Trump administration. The new plants will be built …

Lilly plans to invest $27 billion in new US plants as Trump threatens pharmaceutical tariffs Read More »

By Helen Coster and Jaspreet Singh NEW YORK (Reuters) – Washington Post editorial page editor David Shipley is leaving the paper as its opinion section shifts its focus to supporting and defending the topics of personal liberties and free markets, owner and Amazon founder Jeff Bezos wrote in a memo to staff on Wednesday. The …

Washington Post opinion head departs as section shifts focus to liberties, free markets Read More »

By Neil J Kanatt (Reuters) – Off-price retailer TJX Cos on Wednesday forecast annual comparable sales growth and profit below Wall Street estimates amid concerns of muted consumer spending, even as it beat expectations for the crucial holiday quarter. TJX’s tepid forecast follows cautious annual projections from retailers, including behemoth Walmart and home improvement chains …

TJX forecasts annual sales growth, profit below estimates on muted consumer spending Read More »

By Ross Kerber (Reuters) – A group of Republican U.S. state treasurers will withhold votes for Vanguard fund board nominees on concerns the slate is “tone-deaf” on sustainability matters, presenting a political hurdle for the top mutual fund manager as it looks to build turnout for a rare fund trustee election on Wednesday. The officials …

Anti-ESG concerns dog Vanguard as it rounds up fund board votes Read More »