Reuters US Business

By Laura Matthews, Lewis Krauskopf and Suzanne McGee NEW YORK (Reuters) -Investors are bracing for a looming hit to U.S. corporate profits and pressure on inflation if President Donald Trump makes good on his tariff threats, with markets seen as not fully factoring in risks from higher levies on foreign imports. President Donald Trump is …

Analysis-Looming tariffs worry Wall Street over earnings hit, inflation pressure Read More »

By David Thomas and Mike Scarcella (Reuters) – A lawyer for billionaire Tesla CEO Elon Musk’s political action committee is launching a new law firm along with two attorneys whose clients include Republicans U.S. House Speaker Mike Johnson and one-time presidential candidate Vivek Ramaswamy. The firm, Lex Politica, expands an ecosystem of small conservative law …

Lawyers for Musk, Republican campaigns form new Washington firm Read More »

By Ana Mano (Reuters) -Global grain merchant Archer-Daniels-Midland will soon start laying off employees as part of a global effort to cut costs as low crop prices erode profit, three people briefed on the matter told Reuters on Friday. Operations in the United States would be the focus of the cuts, one of the sources …

Exclusive-ADM to make layoffs soon to cut costs, sources say Read More »

By Jesús Aguado MADRID (Reuters) – Christiana Riley will succeed Tim Wennes as CEO of Santander in the United States, the bank’s executive chair, Ana Botin, said on Friday, as Santander undertakes a wider global restructuring. As part of the changes, Santander will eliminate the three regional divisions in Europe, North America and South America …

Santander names Riley as CEO of Santander US, part of wider reshuffle Read More »

By Nate Raymond (Reuters) – Pfizer has resolved a lawsuit by a conservative group that alleged that a fellowship program that the drugmaker established to boost the pipeline of Black, Latino and Native American people in leadership positions at the company unlawfully discriminated against white and Asian-American applicants. According to papers filed on Friday in …

Pfizer resolves conservative challenge to diversity fellowship program Read More »

(Reuters) – Berkshire Hathaway said on Friday it has shed more than 4,000 jobs over the last year, even as the conglomerate run by Warren Buffett is on pace to post a record annual operating profit. In a regulatory filing, Berkshire said its dozens of operating businesses employ about 392,000 people, down from 396,440 shown …

Berkshire Hathaway has shed more than 4,000 jobs Read More »