Reuters US Business

By Pritam Biswas and Arasu Kannagi Basil (Reuters) -KKR & Co’s fourth-quarter assets under management fell short of expectations on Tuesday, dampening the optimism around strength in its capital markets business and sending the company’s shares to a two-week low. New York-based KKR’s assets under management (AUM) jumped 15% to $638 billion in the quarter, …

KKR’s quarterly assets under management miss estimates, shares fall Read More »

By Tanay Dhumal, Nicole Jao (Reuters) -U.S. refiner Marathon Petroleum posted a sharp decline in fourth-quarter earnings on Tuesday but still beat Wall Street estimates, as strength in its midstream segment helped offset a steep decline in refining margins amid a challenging market environment. U.S. refiner profits have been under pressure since late 2023 due …

Marathon Petroleum Q4 profit beats amid challenging margin environment Read More »

By Ananya Mariam Rajesh (Reuters) -PepsiCo forecast annual profit below expectations and missed quarterly revenue estimates on Tuesday, as the Doritos maker battles weakening demand for its sodas and snacks such as Lay’s in the United States, its largest market. Shares of PepsiCo fell 2.5% in early trading. Americans are still paring back spending on …

PepsiCo forecasts weak annual profit as US snack, soda demand dips Read More »

By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings fell by the most in 14 months in December, but steady hiring and low layoffs suggested the labor market was not abruptly slowing down and that the Federal Reserve probably can hold off on cutting interest rates until at least June. The Labor Department’s Job Openings …

US job openings decline as labor market steadily slows Read More »

By Arasu Kannagi Basil (Reuters) -SailPoint said on Tuesday it was targeting a valuation of up to $11.5 billion in its New York flotation, as the cybersecurity firm looks to go public again in the United States after more than two years. Private equity-backed companies are expected to lead the initial public offering market as …

Thoma Bravo’s SailPoint eyes up to $11.5 billion valuation in US IPO Read More »

By Karl Plume CHICAGO (Reuters) -Grains merchant Archer-Daniels-Midland posted its lowest fourth-quarter adjusted profit in six years on Tuesday on weak oilseed crush margins and uncertainty over U.S. biofuel policy and said it is cutting costs and slashing up to 700 jobs to weather the market downturn. Chicago-based ADM said it aimed to cut costs …

ADM quarterly profit falls on weak crush margins, announces layoffs Read More »

By Niket Nishant (Reuters) -Alternative asset manager Apollo Global Management reported fourth-quarter profit that exceeded expectations on Tuesday, helped by a strong growth in fees and solid performance in its retirement business. Private assets have become increasingly important for the company with CEO Marc Rowan saying that investors were starting to recognize their value, marking …

Apollo’s fourth-quarter profit tops estimates on strong fee growth, retirement unit Read More »