Reuters US Business

By Sheila Dang (Reuters) – Chevron has hired a new vice president to oversee government affairs, communications and social investment activities, the U.S. oil producer announced on Monday. Laura Lane, previously chief corporate affairs and sustainability officer at UPS, will become Chevron’s chief corporate affairs officer effective Feb. 1. She will succeed Al Williams, who …

Chevron hires new chief corporate affairs officer from UPS Read More »

By Bhanvi Satija and Puyaan Singh (Reuters) – Johnson & Johnson said on Monday it would buy neurological drug maker Intra-Cellular Therapies for $14.6 billion, its biggest deal in more than two years, boosting its presence in the market for brain disease treatments. The deal would help accelerate growth in J&J’s drugs business after the …

J&J doubles down on neurological drugs with $14.6 billion Intra-Cellular deal Read More »

By Saeed Azhar, Niket Nishant and Manya Saini NEW YORK (Reuters) -Goldman Sachs announced a raft of leadership changes as it created a new division to focus on financing large deals and providing loans to corporate clients, looking to capitalize on the lucrative private credit market. The new Capital Solutions Group will be part of …

Goldman Sachs creates new division to boost focus on financing Read More »

By Zaheer Kachwala and Arsheeya Bajwa (Reuters) -Nvidia faces a significant revenue threat due to the latest U.S. export restrictions on artificial intelligence chips, designed to limit the global distribution of these coveted processors, analysts and investors said on Monday. The regulations, among the strongest yet from the Biden administration, limit AI chip exports to …

Nvidia faces revenue threat from new U.S. AI chip export curbs, analysts say Read More »

By Michael S. Derby NEW YORK (Reuters) -U.S. consumers’ outlook on the expected path of inflation was mixed in December amid rising worries about households’ ability to make debt payments, a survey by the New York Federal Reserve showed on Monday. The regional Fed bank said in its latest Survey of Consumer Expectations that respondents …

New York Fed survey finds mixed inflation expectations in December Read More »

By Arasu Kannagi Basil (Reuters) -Venture Global is seeking up to $110.38 billion valuation in its New York initial public offering, the second-largest U.S. liquefied natural gas producer said on Monday, setting the stage for the first blockbuster stock market flotation in 2025. The Arlington, Virginia-based company is seeking to raise up to $2.30 billion …

LNG exporter Venture Global targets up to $110 billion valuation in blockbuster US IPO Read More »

(Reuters) -Nvidia’s top customers are delaying orders of the AI chip leader’s latest ‘Blackwell’ racks due to overheating issues, the Information reported on Monday. The Santa Clara, California-based company’s shares fell more than 4% in early trading. The U.S. government also said earlier in the day it would further restrict AI chip and technology exports, …

Nvidia’s biggest customers delaying orders of latest AI racks, The Information reports Read More »

By Joanna Plucinska DUBLIN (Reuters) – Air passengers numbers are projected to more than double by 2050, boosting fuel demand and undermining the aviation industry’s efforts to cut emissions, a study by climate advocacy group Transport and Environment suggested on Monday. As industry leaders meet at an annual finance conference this week in Dublin where …

Projected air traffic growth runs counter to climate goals, study says Read More »

By Nicole Jao NEW YORK (Reuters) – Investors are souring on the U.S. oil refining sector, citing forecasts for softer fuel demand and worries that President-elect Donald Trump may slap tariffs on imports of crude. U.S. refiner profits started to fall toward the end of 2023 as new refining capacity came online and margins returned …

US oil refiners brace for a tough year as investor sentiment turns negative Read More »

(Reuters) -The Sackler family owners of Purdue Pharma are offering to increase their financial contribution to a bankruptcy settlement of opioid lawsuits, while agreeing to some exposure to future litigation, the Wall Street Journal reported on Monday. Some family members who own the OxyContin maker have agreed to raise their total contribution to the settlement …

Purdue’s Sacklers offer to increase contribution in new opioid settlement, WSJ reports Read More »