Reuters US Business

By Harshita Mary Varghese (Reuters) -Comcast reported a steep decline in broadband subscribers for the fourth quarter on Thursday on competition from telecom firms that have been bundling 5G mobile services with internet plans, sending its shares about 11% lower. The broadband subscriber losses overshadowed the telecom and media giant’s upbeat results and the announcement …

Comcast’s steep broadband subscriber losses take shine off strong studio performance Read More »

By Christoph Steitz and Ilona Wissenbach FRANKFURT (Reuters) – Heidelberg Materials, the world’s second-largest cement maker, wants to do more deals in the U.S. in 2025 and is confident the policies of President Donald Trump will boost its business. In his first comments since Trump took office last week, the CEO of German-listed Heidelberg Materials …

Heidelberg Materials bets on US market under Trump Read More »

By Aditya Soni and Deborah Mary Sophia (Reuters) -Days after Chinese startup DeepSeek’s breakthrough low-cost AI computing shook the U.S. technology industry, CEOs of Microsoft and Meta defended massive spending saying it was crucial to staying competitive in the new field. DeepSeek’s quick advances with models that it claimed can match or even outperform Western …

Microsoft, Meta back big AI spending despite DeepSeek’s low costs Read More »

(Reuters) – Mobileye forecast full-year revenue below Wall Street expectations on Thursday, anticipating fewer shipments of its assisted driving technology to China amid stiff competition from local players. The company expects fiscal 2025 revenue between $1.69 billion and $1.81 billion, compared with the average analyst estimate of $1.94 billion, according to data compiled by LSEG. …

Mobileye forecasts downbeat annual revenue as China weakness persists Read More »

(Reuters) -Oilfield services provider Baker Hughes said on Thursday it has signed an agreement with Venture Global to support its liquefied natural gas (LNG) projects in the United States with technology and equipment. The company has also signed a services frame agreement to support phase 1 and 2 of the Venture Global’s Plaquemines LNG project …

Baker Hughes enters supply agreement with Venture Global Read More »

FRANKFURT (Reuters) – The European Central Bank cut interest rates as expected on Thursday and kept more easing on the table, sticking to its view that inflation in the euro zone is increasingly under control despite concerns about global trade. The fifth ECB rate cut since June, which had been well telegraphed to the market, …

ECB cuts interest rates and keeps more easing on table Read More »