Reuters US Business

By Prakhar Srivastava and Laura Matthews (Reuters) -Exchange operator Cboe Global Markets reported a rise in fourth-quarter adjusted profit on Friday, driven by increased options trading as investors sought to hedge against risks from economic and geopolitical uncertainties. Cboe’s options trading segment revenue grew 3% in the quarter, compared with last year, while futures revenue …

Exchange operator Cboe’s quarterly profit climbs as hedging activity surges Read More »

By Andrea Mandala and Valentina Za MILAN (Reuters) -BPER Banca’s CEO on Friday said its 4.3 billion euro ($4.5 billion) all-share takeover bid for smaller peer Banca Popolare di Sondrio was a defensive move prompted by a raft of merger proposals across Italy’s banking industry. Mid-sized Italian banks like BPER have long been seen as …

BPER CEO says Italy’s M&A wave prompted defensive bid for Pop Sondrio Read More »

By Arasu Kannagi Basil and Pritam Biswas (Reuters) -Private equity-backed Northpointe Bancshares said on Friday it was targeting a valuation of up to $594.8 million in its New York initial public offering, set to be one of the biggest U.S. bank listings in a decade. The Grand Rapids, Michigan-based community bank is offering 7.4 million …

Castle Creek-backed Northpointe eyes $595 million valuation in 2025’s first US bank IPO Read More »

(This Feb. 6 story has been corrected to clarify that Nikola has done just one reverse stock split, not multiple, in paragraph 11 and in previous versions of the story) (Reuters) – Electric-truck maker Nikola is nearing filing for a bankruptcy, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The …

Electric-truck maker Nikola nears bankruptcy filing, WSJ reports (February 6) Read More »

(Reuters) – (This Feb. 6 story has been corrected to say Volvo ‘will pay Northvolt almost nothing,’ not ‘will not pay Northvolt,’ in the headline and paragraph 1, and to say ‘purchase price is rounded to 0 Swedish crowns,’ not ‘purchase price is 0 Swedish crowns,’ in the second bullet point) Volvo Cars will pay …

Volvo Cars says it will pay Northvolt almost nothing for battery joint venture stake Read More »

(Reuters) -Frontier Group, the parent of budget carrier Frontier Airlines, forecast better-than-expected 2025 profit on Friday, aided by robust travel demand amid an improved pricing environment. Shares of the ultra-low-cost carrier were up nearly 15% in early trading after the airline also beat fourth-quarter profit estimates. After an oversupply of seats last summer led airlines …

Frontier forecasts upbeat 2025 profit on improved pricing, travel demand Read More »