Reuters US Business

By Jaspreet Singh (Reuters) – The New York Times forecast first-quarter subscription revenue growth below market estimates on Wednesday, suggesting intensifying competition as rivals roll out new paid plans to attract readers and sending its shares down 12%. The forecast followed weaker-than-expected growth in digital-only subscribers in the fourth quarter, a crucial period for the …

New York Times forecasts subscription revenue below estimates on stiff competition Read More »

By Maki Shiraki and Daniel Leussink TOKYO (Reuters) -Nissan looks set to step back from merger talks with rival Honda, two sources said on Wednesday, calling into question a $60 billion tie-up to create the world’s no.3 automaker and potentially leaving Nissan to drive its turnaround alone. Talks between the two Japanese automakers have been …

Nissan set to step back from merger with Honda, sources say Read More »

By Stephen Nellis (Reuters) -GlobalFoundries, the world’s third-largest contract chipmaker, said on Wednesday it has appointed Tim Breen as its chief executive officer. Breen, who has been with the company since 2018 and served as its chief operating officer since 2023, will succeed Thomas Caulfield in the top role. GlobalFoundries shares were largely unchanged on …

US chipmaker GlobalFoundries names new CEO Read More »

By Karl Plume (Reuters) -U.S. crop commodities trader Bunge Global posted a larger-than-expected quarterly profit drop on Wednesday and warned that 2025 earnings could sink to the lowest in six years as trade tensions and biofuel policy uncertainty drag on the agricultural sector. Bunge’s 2024 profit fell short of expectations after weak oilseed processing margins …

Bunge Q4 profit falls on weak crush margins, forecasts 2025 earnings drop Read More »

By Pete Schroeder WASHINGTON (Reuters) -U.S. banks and their regulators were scrutinized on Wednesday by lawmakers as they examined claims that they deny services to particular industries or political groups. The Senate Banking Committee held a hearing on what is commonly referred to as debanking, hearing testimony from subject matter experts and business owners who …

US Senate panel investigates whether banks, regulators deny services on political grounds Read More »

By Pritam Biswas (Reuters) -Karman Holdings, backed by Trive Capital, said on Wednesday that it is targeting a valuation of up to $2.6 billion in its New York initial public offering as the defense and space systems maker looks to take advantage of an expanding market. The company and selling shareholders aim to raise up …

Karman Holdings seeks up to $2.6 billion valuation in US IPO Read More »

(Reuters) -Starboard Value has nominated four directors to the board of consumer products maker Kenvue, months after the activist investor criticized lackluster performance in a core segment. Kenvue said its board was reviewing Starboard’s proposed candidates, and noted that members of its board and management team have held several discussions with the hedge fund. Starboard’s …

Starboard nominates four directors to Kenvue’s board Read More »

(Reuters) -Johnson Controls International named Joakim Weidemanis as chief executive officer and lifted its 2025 profit forecast on Wednesday, sending its shares up 13% in early trading. Weidemanis, who had previously held several leadership roles over his 13-year span at life-sciences firm Danaher Corp, will succeed George Oliver, effective March. The change is part of …

Johnson Controls lifts 2025 profit forecast, names new CEO Read More »

(Removes reference to ESPN+ in paragraph 14) By Dawn Chmielewski and Lisa Richwine (Reuters) – Walt Disney sharply outperformed Wall Street’s quarterly earnings estimates on Wednesday, with results buoyed by the strong holiday box office performance of animated sequel “Moana 2” and higher profits at the company’s streaming business. The strength in entertainment helped offset …

Walt Disney beats earnings estimates with help from ‘Moana 2’ Read More »