Reuters US Business

(Reuters) – Dairy giant Fonterra said on Wednesday it would engage with potential buyers of its global consumer business and integrated businesses over the coming weeks, and also named key management team members in preparation for an initial public offering. Auckland, New Zealand-based Fonterra in November last year outlined its plans to explore potential divestment …

Fonterra to engage potential buyers for consumer-facing businesses, appoints IPO team Read More »

(Reuters) – Cadence Design Systems forecast its annual revenue and profit below analysts’ estimates on Tuesday, in a sign of soft demand for its chip design software as clients tighten spending in a tough economy. Shares of the San Jose, California-based company fell 5% in extended trading. The company, which counts British chip designer Arm …

Chip design software maker Cadence forecasts annual profit below estimate, shares down Read More »

(Reuters) – Foreign holdings of U.S. Treasuries fell in December as the two largest foreign holders of the government debt, Japan and China, both cut their portfolios, data from the Treasury Department showed on Tuesday. Holdings of U.S. Treasuries fell to $8.513 trillion in December from $8.633 trillion in November. Holdings had reached $8.679 trillion …

Foreign holdings of US Treasuries fall in December Read More »

(Reuters) – BlackRock has temporarily paused meetings with some portfolio companies while studying the impact of new reporting rules from the U.S. Securities and Exchange Commission, according to people familiar with the matter. The top U.S. asset manager is among those affected by a recent SEC interpretation requiring fund firms to file more extensive ownership …

BlackRock pauses corporate meetings in wake of new ESG rules Read More »

(Reuters) – U.S. crude oil and gasoline stockpiles were expected to have risen last week, while distillate inventories likely fell, a preliminary Reuters poll showed on Tuesday. Three analysts polled by Reuters, ahead of weekly inventory data, estimated on average that crude inventories rose by about 2.2 million barrels in the week to February 14. …

US crude, gasoline stockpiles likely rose last week, distillate draw seen: Reuters poll Read More »