Reuters US Business

By Andres Gonzalez and Isla Binnie LONDON/NEW YORK (Reuters) – Italy’s Enel and private equity group KKR are among potential bidders for Britain-based Cubico Sustainable Investments, people with knowledge of the process said. Two of Canada’s biggest pension funds – the Montreal-based Public Sector Pension (PSP) Investment Board and the Ontario Teachers’ Pension Plan (OTPP) …

Exclusive-Enel, KKR among potential bidders for UK’s Cubico, sources say Read More »

By Sheila Dang and Seher Dareen HOUSTON – Wall Street expects U.S. oil and gas companies to keep a lid on spending in 2025 and keep their focus on generating shareholder returns, despite calls by President Donald Trump to “drill, baby, drill.” Big Oil begins reporting fourth-quarter results this week, and outlooks for the coming …

Big Oil in no rush to ‘drill baby drill’ this year despite Trump agenda Read More »

(Reuters) -Activist investor Ancora has nominated nine candidates to U.S. Steel’s board of directors, as it looks to oust company CEO David Burritt and push the American steelmaker to back out of a $14.9 billion merger deal with Japan’s Nippon Steel. The activist investor, which owns a 0.18% stake in the company, on Monday proposed …

Ancora nominates nine candidates to U.S. Steel board, pushes to end Nippon deal Read More »

By Juveria Tabassum (Reuters) -Starbucks is set to report its fourth straight quarter of comparable sales decline on Tuesday, in what could be another blow to investors waiting for new chief Brian Niccol’s efforts to revive demand at the struggling coffee chain. Niccol, who is four months into his new role at Starbucks, has set …

Starbucks sales set to drop again as investors wait for turnaround Read More »

By Harshita Mary Varghese (Reuters) -AT&T’s fourth-quarter wireless subscriber growth surpassed expectations on Monday, fueled by strong demand for its discounted premium plans combining 5G mobile with high-speed fiber data, sending its shares up more than 6% in early trading. The U.S. telecom giant added 482,000 net monthly bill-paying wireless phone subscribers in the holiday …

AT&T’s bundled 5G, fiber plans boost quarterly subscriptions; shares rise Read More »

By Richa Naidu and Simon Jessop LONDON (Reuters) – Some large U.S. companies had made limited progress in promoting women and were diluting or abandoning equal opportunity initiatives even before President Donald Trump launched last week a nationwide campaign to scrap them, underscoring a shift in corporate priorities. Shortly after taking office on Jan. 20, …

Before Trump’s return, some top U.S. firms had already gone cold on diversity pledges Read More »