Reuters US Business

By Roushni Nair (Reuters) -Insignia Financial’s shares hit a three-year high on Thursday, driven by a revised takeover offer of A$3.07 billion ($1.92 billion) from U.S.-based Bain Capital, matching the bid of rival CC Capital Partners and fuelling a heated bidding war. Insignia Financial had previously rebuffed an approach from private equity firm Bain Capital …

Bain matches CC Capital’s offer for Australia’s Insignia Financial at $1.92 billion Read More »

(Reuters) – E-commerce giant Amazon.com is exiting its operations in the Canadian province of Quebec, leading to the loss of about 1,700 full-time jobs, the company said on Wednesday, prompting Ottawa to express its unhappiness. The online retailer will phase out operations across seven sites in the province — the only location in Canada with …

Amazon exits Quebec operations, to cut about 1,700 jobs; Ottawa unhappy Read More »

By Vallari Srivastava (Reuters) – U.S. pipeline operator Kinder Morgan said on Wednesday it remains bullish on growth in demand for natural gas driven by AI and data centers, even as it narrowly missed Wall Street’s expectations for quarterly profit. The pipeline operator also said it is proceeding with the Trident Intrastate pipeline project, a …

Kinder Morgan misses quarterly profit estimates, remains bullish on natgas demand Read More »

By Melanie Burton and Ernest Scheyder (Reuters) – U.S. President Donald Trump’s rollback of electric vehicle targets may temporarily slow demand for lithium and other critical minerals, but is unlikely to hamper the mining industry amid surging global EV demand, analysts and industry leaders said. Trump on Tuesday revoked predecessor Joe Biden’s 2021 executive order …

Trump’s EV rollback not expected to suppress appetite for critical minerals Read More »

By Sinéad Carew and Johann M Cherian (Reuters) – Wall Street’s indexes rose on Wednesday, with the benchmark S&P 500 hitting an intraday record high as investors cheered streaming video provider Netflix’s quarterly report and President Donald Trump’s private-sector artificial intelligence infrastructure investment plan. The technology sector advanced 2.5% and was the biggest gainer among …

S&P 500 hits record high with boost from Netflix results, AI investment plan Read More »

(Reuters) -The White House said President Donald Trump’s order this week pausing the disbursement of funds appropriated under his predecessor’s signature climate and infrastructure laws mainly applies to programs that discourage fossil fuel development or boost electric vehicles. As part of a flurry of executive orders hours after taking office on Monday, Trump ordered government …

White House says order pausing IRA disbursements only applies to some programs Read More »

(Reuters) -U.S. crude oil stockpiles were expected to have fallen last week while gasoline and distillate inventories likely rose, an extended Reuters poll showed on Wednesday. Nine analysts polled by Reuters estimated that on average crude inventories fell by about 1.6 million barrels in the week to Jan. 17. Crude inventories fell by 2 million …

US crude inventories likely fell last week, products seen up Read More »