Reuters US Business

By David Shepardson WASHINGTON (Reuters) -Democratic Senator Ed Markey and Republican Senator Rand Paul on Thursday urged President Joe Biden to extend by 90 days a Jan. 19 deadline for China-based ByteDance to sell the U.S. assets of its short-video app TikTok or face a ban. The Supreme Court said on Wednesday it will consider …

Senators urge Biden to grant ByteDance 90-day reprieve from law requiring sale Read More »

By Lisa Baertlein and Abhinav Parmar (Reuters) -FedEx announced the much-anticipated spinoff of its freight trucking division on Thursday, as it restructures operations to focus on its core delivery business. Shares jumped 8% in after-hours trading, adding $5 billion to FedEx’s market capitalization. Analysts believe the spinoff could unlock up to $20 billion in shareholder …

FedEx to spin off its freight trucking business Read More »

By Kanishka Singh and Jasper Ward WASHINGTON (Reuters) – Global aerospace company AAR Corp agreed to resolve U.S. charges in connection with schemes to bribe Nepalese and South African officials, the U.S. Justice Department and the Securities and Exchange Commission said on Thursday. AAR agreed to pay more than $55 million to resolve investigations by …

Aerospace firm AAR settles US charges over bribing foreign officials Read More »

By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks ended little changed on Thursday, giving up an initial rebound from a sharp drop in the prior session after the Federal Reserve forecast fewer-than-expected interest rate cuts and higher inflation next year. Economic data was in sync with the Fed’s view, with weekly initial jobless claims falling …

Stocks end flat after Fed-induced selloff as early bounce fades Read More »

(Reuters) -United States Steel on Thursday forecast a surprise loss for the fourth quarter, sending its shares down nearly 5% in aftermarket trading. The company expects an adjusted loss of between 29 cents and 25 cents for the quarter, compared with analysts’ average estimate of a profit of 16 cents, according to data compiled by …

U.S. Steel forecasts fourth-quarter surprise loss, shares fall Read More »

By Daniel Wiessner (Reuters) -Amazon.com will implement safety measures at all of its U.S. facilities to settle a federal agency’s claims that it failed to prevent workers from developing back problems and other ergonomic injuries, the agency said on Thursday. Amazon settled a series of complaints by the Occupational Safety and Health Administration involving 10 …

Amazon agrees to worker safety measures to settle US probe Read More »