(Reuters) – Atlantic Shores, a joint venture between Shell Plc and France’s EDF, reiterated its commitment to delivering New Jersey’s first offshore wind project on Thursday, despite Shell’s recent $1 billion write-off related to the venture. Shell’s fourth-quarter earnings included $2.2 billion in impairments, part of which was a $1 billion write-off for Atlantic Shores, …
(Reuters) -U.S. oilfield technology firm Baker Hughes beat Wall Street estimates for fourth-quarter profit on Thursday, as robust demand for natural gas equipment and services helped offset weak sales of its drilling gear in North America. Oilfield service companies are grappling with lower demand as extraction technologies get more efficient and higher supplies deter more …
Baker Hughes beats quarterly profit estimates on natgas technology demand Read More »
By Suzanne McGee (Reuters) – Individual investors responded to the market selloff earlier this week triggered by concerns regarding a Chinese artificial intelligence startup by buying a wide array of technology stocks, according to data released by Vanda Research on Wednesday. Retail investors poured one out of every three dollars of their investments into Nvidia …
US retail investors dive into tech stocks in response to DeepSeek selloff Read More »
(Reuters) – Arthur J Gallagher on Thursday posted a profit for the fourth quarter, compared with a loss a year earlier, as heightened insurance activity boosted fees and commissions from its brokerage services. Insurance brokerages act as intermediaries between clients and insurers, guiding customers in selecting policies that best match their needs. Unlike insurers, they …
Arthur J Gallagher posts profit in Q4 on boost from commissions Read More »
By Abhinav Parmar and Lisa Baertlein (Reuters) -United Parcel Service forecast on Thursday downbeat 2025 revenue as it accelerates a plan to slash millions of deliveries for its largest customer, Amazon.com, a surprise move that sent shares tumbling as much as 18%. UPS plans to shrink profit-denting Amazon volumes more than 50% by the second …
UPS reducing Amazon delivery volume; shares slump on 2025 revenue hit Read More »
NEW YORK (Reuters) -Blackstone is in talks to buy a sizeable stake in a New York City 50-story office building from institutional investors of JPMorgan Asset Management, two sources familiar with the matter said on Thursday. The planned move comes as Blackstone executives signaled on an earnings call earlier in the day that the troubled …
Blackstone in talks to buy stake in New York City office building, sources say Read More »
(Reuters) – Walmart Canada said on Thursday it is investing about C$6.5 billion ($4.51 billion) to build new stores and expand its supply chain, marking its biggest ever investment since opening its first store nearly 30 years ago. U.S. retail giant Walmart’s Canadian branch, which plans to expand its footprint, added it would be building …
Walmart Canada to invest more than $4 billion to expand stores, supply chain Read More »
(Reuters) – ElevenLabs said on Thursday it has raised $180 million in a new funding round that triples the voice cloning artificial intelligence startup’s valuation to $3.3 billion. The Series C funding round was co-led by Andreessen Horowitz and Iconiq Growth, with participation from additional new investors NEA, World Innovation Lab, Valor, Endeavor Catalyst Fund …
Voice AI startup ElevenLabs closes new funding round at $3.3 billion valuation Read More »
By Nicole Jao and Seher Dareen (Reuters) -Valero Energy on Thursday reported a sharp drop in refining profit and margins for the fourth quarter but still beat analyst estimates. The San Antonio, Texas-based posted earnings of 64 cents per share, compared with analysts’ estimate of 7 cents per share, LSEG data showed. Wall Street had …
Valero Energy Q4 profit slips but still beats estimates Read More »
By Shariq Khan and David French (Reuters) – Private equity firm NGP Energy Capital Management is exploring a sale of natural gas producer Camino Natural Resources, which may achieve a valuation of around $2 billion including debt, sources familiar with the matter said on Thursday. Among the largest remaining private producers in the Anadarko basin …
Buyout firm NGP seeks $2 billion sale of gas producer Camino, sources say Read More »
