Reuters US Business

By Zaheer Kachwala and Kritika Lamba (Reuters) -Photoshop maker Adobe forecast fiscal 2025 revenue below Wall Street estimates on Wednesday, suggesting the company’s investments to weave AI into its software applications were taking longer than expected to bear fruit. Shares of the San Jose, California-based company fell nearly 9% in extended trading. The company forecast …

Adobe forecasts fiscal 2025 revenue below estimates on slower subscription spending Read More »

By James Oliphant WASHINGTON (Reuters) -Donald Trump’s second presidential term could have huge implications for U.S. trade policy, climate change, the war in Ukraine, electric vehicles, Americans’ taxes and illegal immigration. While some of his campaign proposals would require congressional approval, here is a summary of the policies Trump has said he will pursue after …

Factbox-What Trump 2.0 could mean for trade, migrants, climate change and electric cars Read More »

By Nora Eckert and David Shepardson DETROIT/WASHINGTON (Reuters) -Volkswagen said Wednesday it is offering its newly unionized workers at its Tennessee assembly plant a 14% wage increase over four years and profit sharing. The automaker and United Auto Workers union, which won the right to represent workers at the Chattanooga, Tennessee facility in April, have …

VW offers 14% wage hike over four years to Tennessee factory workers Read More »

By Anirban Sen and Echo Wang NEW YORK (Reuters) -Top Wall Street CEOs and dealmakers are anticipating an uptick in larger mergers and acquisitions under the incoming Trump administration, after such megadeals evaporated this year due to a harsher regulatory environment.  On Tuesday, Trump named Andrew Ferguson to replace Lina Khan as the chair of …

Dealmakers see return of more, bigger megadeals in 2025 Read More »

(Reuters) – Bank of America has promoted 387 employees to managing director roles in 2024, 16% more than last year, a person familiar with the matter told Reuters on Wednesday. More than half of those promoted included women and people of color for the fifth consecutive year, the source said requesting anonymity, without providing the …

Bank of America promotes 387 employees to managing director, source says Read More »

(Reuters) – The NewsGuild of New York said on Wednesday it had reached a tentative deal on a three-year contract with the New York Times, after more than 600 tech workers at NYT went on a week-long strike in November. The strike was initiated a day before the U.S. presidential election by workers including software …

New York Times Tech Guild reaches tentative deal with company on three-year contract Read More »

NEW YORK (Reuters) – Health care companies are taking a step back to better understand patients’ experiences after a powerful U.S. health insurance executive was murdered last week, executives from drugmaker Pfizer and Amazon.com said at a panel at the Reuters NEXT conference in New York on Wednesday. The murder ignited an outpouring of anger …

Health execs reckon with patient outrage after UnitedHealthcare killing Read More »