Reuters US Business

By Valerie Volcovici WASHINGTON (Reuters) -Former New York Mayor Michael Bloomberg’s philanthropy arm said on Thursday it will provide funding to help cover the U.S. contribution to the U.N. climate body’s budget, filling a gap left by President Donald Trump. The new Republican president announced after taking office on Monday that he would withdraw the …

Michael Bloomberg steps in to help fund UN climate body after Trump withdrawal Read More »

(Reuters) -The National Highway Traffic Safety Administration said on Wednesday that General Motors is recalling about 2,890 Chevrolet Equinox EV vehicles due to concerns about their adaptive cruise control.  The recall affects certain 2025 Chevrolet Equinox EV all-wheel drive electric vehicles.  The adaptive cruise control may fail to engage the brakes as expected, due to …

GM recalls over 2,000 Chevrolet Equinox electric vehicles Read More »

By Zaheer Kachwala (Reuters) -Electronic Arts shares sank more than 15% on Thursday, tripped up by a surprise slowdown in spending on the soccer franchise that has shaped its gaming empire. The videogame maker debuted its newest soccer title, “FC 25”, in September, the latest in a series of top sellers. But this version did …

EA shares slump after soccer game misses goal Read More »

SEATTLE – Boeing’s engineering union is formally investigating claims from its members that the company is moving work to non-union locations in the United States and overseas.  The Society of Professional Engineering Employees in Aerospace (SPEEA) formally began investigating the allegations in December, when it requested relevant information from Boeing, the union’s Director of Strategic …

Union investigates claims that Boeing is sending work to non-union locations Read More »

By Christy Santhosh and Puyaan Singh (Reuters) – Abbott Laboratories on Wednesday forecast 2025 profit that came in line with Wall Street estimates as it expects new device launches and growing demand for its glucose monitors to offset a hit from weakness in China and a stronger dollar. The company, which makes medical devices and …

Abbott banks on glucose monitors, new launches to ride out China, currency hit Read More »

By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits rose marginally last week, suggesting no deterioration in labor market conditions and reinforcing expectations that the Federal Reserve would not cut interest rates next week. Though layoffs are still low, new opportunities for workers who lose their jobs are dwindling …

US weekly jobless claims rise slightly as labor market stays on solid ground Read More »

(Reuters) – Catastrophe risk modeling firm KCC is estimating insured losses of about $28 billion from the Los Angeles wildfires, making them the costliest wildfires in U.S. history. Since the fires broke out on Jan. 7, they have burned an area nearly the size of Washington, D.C., killed 28 people and damaged or destroyed nearly …

LA fire insured losses estimated at $28 billion, KCC says Read More »