Reuters US Business

By Raphael Satter WASHINGTON (Reuters) -An official with Meta Platforms’ popular WhatsApp chat service said Israeli spyware company Paragon Solutions had targeted scores of its users, including journalists and members of civil society. The official said on Friday that WhatsApp had sent Paragon a cease-and-desist letter following the hack. In a statement, WhatsApp said the company …

Meta’s WhatsApp says spyware company Paragon targeted users in two dozen countries Read More »

By Tim McLaughlin BOSTON (Reuters) – U.S. grid operators are asking regulators for more time to meet a federal order to upgrade existing transmission lines with equipment that can boost their capacity up to 40%, according to a Reuters review of regulatory documents. The delays represent a potentially years-long setback for efforts to reinforce the …

Power-boosting project for US grid to miss July deadline Read More »

(Reuters) -Meta Platforms is in discussions about moving its incorporation from Delaware to Texas or other states, the Wall Street Journal reported on Friday, citing people familiar with the matter. The social media giant has talked to Texas officials about the potential changes, WSJ said, adding that the discussions predate President Donald Trump’s new administration. …

Meta in talks to reincorporate in Texas or another state, exit Delaware, WSJ reports Read More »

By Karl Plume, Tom Polansek and Renee Hickman CHICAGO (Reuters) – U.S. consumers grappling with soaring prices for beef and eggs will face even higher costs for meat, vegetables and fruit if President Donald Trump imposes tariffs on Canadian and Mexican imports, economists and food industry executives said. Consumers have struggled with high inflation since …

Trump tariffs to stoke US food inflation despite pledge to lower costs Read More »

By Atharva Singh and Arasu Kannagi Basil (Reuters) – Infinity Natural Resources was valued at $1.30 billion after its shares jumped nearly 11% in their NYSE debut on Friday, underscoring a rebound in energy listings against the backdrop of a more fossil fuel-friendly Trump administration. President Donald Trump plans to maximize oil and gas production …

Infinity Natural valued at $1.3 billion in debut as US energy IPOs rebound Read More »

By Sheila Dang HOUSTON (Reuters) -Exxon Mobil on Friday posted mixed fourth-quarter results that showed weakness in its refining and chemicals business, though it beat Wall Street’s profit estimate with higher oil and gas production.  Shares of the No. 1 U.S. oil producer declined 1.7% to $107.72 in afternoon trading, which was in line with …

Exxon posts mixed Q4 results with higher oil production, weak refining profit Read More »

(Reuters) -Unilever Plc is evaluating options, including a New York listing, for its ice cream business, which is the biggest market for its brands such as Ben & Jerry’s and Breyers, Bloomberg News reported on Friday, citing people familiar with the matter. Last March, the London-listed company said it would spin off its ice cream …

Unilever eyes New York listing for ice cream business, Bloomberg News reports Read More »

By Lucia Mutikani WASHINGTON (Reuters) – U.S. inflation increased by the most in eight months in December amid robust consumer spending on goods and services, suggesting the Federal Reserve would probably be in no hurry to resume cutting interest rates soon. While the report from the Commerce Department on Friday showed a modest gain in …

US inflation increases in December; consumer spending robust Read More »