Reuters US Business

IPG beats third-quarter estimates on strong media, health spending

11 Nov 2025

(Reuters) -Advertising firm Interpublic Group beat third-quarter revenue and profit estimates on Monday, helped by resilient spending from media and health care clients. Surging use of AI tools that let businesses create ads more cheaply and quickly has squeezed traditional agencies, prompting them to build similar in-house tools to retain clients. As a result, IPG …

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Activist investor Biglari says ISS, others back move for changes at Cracker Barrel

11 Nov 2025

(Reuters) -Cracker Barrel Old Country Store faced fresh pressure ahead of its annual meeting after Biglari Capital said on Monday that proxy advisory firms have urged shareholders to vote against some incumbent board nominees. The restaurant chain has witnessed a turbulent year, with its stock diving after widespread criticism of its attempted logo redesign as …

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Exclusive-C3 AI weighs sale after founder-CEO Siebel steps aside, sources say

10 Nov 2025

By Milana Vinn (Reuters) -Enterprise artificial intelligence software provider C3 AI is exploring a potential sale, among other options, after founder Thomas Siebel recently stepped down as CEO over health concerns, according to three people familiar with the matter. THE DETAILS * The sales process is in its early stages and other optionsare on the …

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Possible US shutdown end brings investor relief, fresh data focus

10 Nov 2025

By Lewis Krauskopf NEW YORK (Reuters) -With an end to the U.S. government shutdown potentially on the horizon, investors who feared more economic fallout breathed easier and turned to an expected flood of delayed data to shed more light on growth and the likely path for interest rates. Markets on Monday welcomed the prospect of …

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Health insurers slide as US reaches government shutdown deal without extending subsidies

10 Nov 2025

By Sriparna Roy and Sneha S K (Reuters) -Shares of health insurers fell about 2% to 10% in early trading on Monday after the U.S. Senate struck a deal to end the 40-day federal shutdown without extending Affordable Care Act subsidies, setting up a December vote on the issue instead. Disagreement over extending the subsidies, …

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Visa, Mastercard reach $38 billion swipe fee settlement, draw opposition

10 Nov 2025

By Jonathan Stempel NEW YORK (Reuters) -Visa and Mastercard announced a revised $38 billion settlement with merchants who accused the card networks of charging too much to accept their credit cards, hoping to satisfy a judge who rejected a smaller accord as inadequate. Monday’s settlement would end 20 years of litigation in which businesses accused …

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Gold Reserve files complaint against Rusoro for alleged breach in Citgo auction

10 Nov 2025

By Marianna Parraga HOUSTON (Reuters) -Toronto-listed Gold Reserve has filed a complaint in a Delaware court against Rusoro Mining for alleged breach of its contractual obligations under a consortium agreement to bid for the parent of U.S. refiner Citgo Petroleum, it said on Monday. A $5.9 billion bid by Elliott Investment Management’s affiliate Amber Energy …

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OpenAI considers consumer health tools in push beyond core AI offerings, Business Insider reports

10 Nov 2025

(Reuters) -OpenAI is weighing building consumer health products, including a generative AI-powered personal health assistant, as the ChatGPT maker aims to move beyond its core offerings, Business Insider reported on Monday, citing sources close to the company. The company declined to comment on the report. OpenAI’s healthcare push follows strategic hires, including Nate Gross, cofounder …

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Coinbase launches new platform for early access to digital tokens

10 Nov 2025

(Reuters) -Coinbase Global said it will launch a new platform that will allow individual investors buy digital tokens before they are listed on the cryptocurrency exchange, sending its shares up 4% in morning trading. Growing interest from retail and institutional investors have boosted trading in digital assets, resulting in established players in the sector looking …

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