Reuters US Business

(Reuters) – Air New Zealand warned on Thursday that up to 11 aircraft may remain grounded at times in the second half of fiscal 2025, which will affect its full-year earnings, after it reported an 18% drop in its first-half profit. New Zealand’s flagship carrier said its jets are estimated to remain out of service …

Air NZ anticipates challenging 2025 due to engine maintenance, first-half profit drops Read More »

By Max A. Cherney SAN FRANCISCO (Reuters) – Newly formed chip startup AheadComputing on Wednesday said it had raised $21.5 million in seed funding. Co-founded by several former Intel central processing unit (CPU) engineers and executives, the company plans to build technology and chips based on the open source architecture called RISC-V, pronounced “risk five.” …

Ex-Intel executives raise $21.5 million for RISC-V chip startup Read More »

By Suzanne McGee (Reuters) – Vanguard Group’s Standard & Poor’s 500 ETF overtook rival State Street Global Advisors’ SPDR S&P 500 Trust, on Tuesday to become the world’s largest exchange-traded fund, according to data from FactSet. The widely anticipated event was the result of $2.8 billion in outflows from SPY on Tuesday, in tandem with …

State Street relinquishes title of biggest ETF to Vanguard Read More »

(Reuters) – UnitedHealth’s insurance unit is offering employees in its benefits operations unit the option to accept buyouts if they quit by March 3, CNBC reported on Wednesday. Those who do not accept the offer will either continue in their current role or a comparable position, the report added, citing two people familiar with the …

UnitedHealthcare offers buyouts to some employees, can pursue layoffs, CNBC reports Read More »

By Svea Herbst-Bayliss NEW YORK (Reuters) – Billionaire investor Bill Ackman’s plans to turn real estate company Howard Hughes Holdings into a diversified holding company will not impact how his investment portfolios buy and sell stakes in companies. Ackman’s flagship Pershing Square Holdings portfolio will continue to buy large stakes in large companies while Howard …

Ackman says his plans for Howard Hughes won’t impact how his portfolios invest Read More »

By Lucia Mutikani WASHINGTON (Reuters) – U.S. single-family homebuilding fell sharply in January amid disruptions from snowstorms and freezing temperatures, with a rebound likely to be limited by higher costs from tariffs on imports and elevated mortgage rates. The report from the Commerce Department on Wednesday mirrored similar weather distortions that impacted retail sales and …

Frigid temperatures chill US single-family homebuilding; tariffs a potential drag Read More »