Reuters US Business

By Chibuike Oguh and Amanda Cooper NEW YORK/LONDON (Reuters) -Global stocks fell while U.S. Treasury yields rose on Friday after a stronger-than-expected jobs data reinforced expectations that the Federal Reserve will likely keep interest rates elevated for longer than traders were betting on. Wall Street’s main indexes finished lower, with 10 out of 11 categories …

Treasury yields rise, stock falls pressured by stronger-than-expected US jobs data Read More »

By Laila Kearney and Seher Dareen NEW YORK (Reuters) -U.S. nuclear power provider Constellation Energy on Friday agreed to buy privately held natural gas and geothermal company Calpine Corp for $16.4 billion, one of the biggest acquisitions in U.S. power industry history. The cash-and-stock deal comes at a time of rising electricity demand, driven by …

Constellation Energy to buy Calpine in blockbuster $16.4 billion US power deal Read More »

By Michelle Conlin and Heather Timmons (Reuters) -Donald Trump will hand over daily management of his multi-billion-dollar real estate, hotel, golf, media and licensing portfolio to his children when he enters the White House, the Trump Organization said on Friday, repeating an arrangement that he made during his first term that an ethics expert said …

Trump will not be involved in managing family business as president, company says Read More »

(Reuters) -Hewlett Packard Enterprise has struck a deal worth over $1 billion to provide Elon Musk’s social media platform X with servers optimized for artificial intelligence work, Bloomberg News reported on Friday, citing people familiar with the matter. The agreement was reached late last year, the report said, adding that competitors Dell Technologies and Super …

HPE secures $1 billion AI server deal for Elon Musk’s X, Bloomberg News reports Read More »

(Reuters) -The U.S. has sued to block a proposed merger between American Express Global Business Travel Group and CWT Holdings, saying the $570 million deal would eliminate competition between the largest and third-largest providers of business travel management services. The deal threatens to undermine competition for those services in the U.S., the Department of Justice …

US sues to block corporate travel company merger Read More »

By Echo Wang, Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) – Investment bankers are gearing up for a pickup in dealmaking activity in global equity capital markets this year, buoyed by a promising pipeline of anticipated initial public offerings of several high-profile companies.  Liquefied natural gas producer Venture Global, privately held medical supply giant …

Bankers hope for IPO revival in 2025 as high-profile listings stack up Read More »

By Nate Raymond (Reuters) – A former partner at McKinsey & Co pleaded guilty on Friday to obstructing justice by destroying records related to advice he and the consulting firm provided to Purdue Pharma on how to “turbocharge” sales of its opioid painkiller OxyContin. Martin Elling, 60, entered his plea in federal court in Abingdon, …

Ex-McKinsey partner pleads guilty to destroying records about work promoting opioids Read More »