Reuters US Business

By Caroline Valetkevitch NEW YORK (Reuters) -The Nasdaq and the S&P 500 rose to record closing highs on Friday following upbeat forecasts from Lululemon Athletica and other companies and as U.S. jobs data fueled expectations the Federal Reserve would cut interest rates this month. The Dow finished lower, as a 5.1% drop in UnitedHealth Group …

S&P 500, Nasdaq hit record closing highs; Lululemon gains, data supports rate cut view Read More »

By Jarrett Renshaw and Alexandra Ulmer (Reuters) -Donald Trump’s transition team is considering canceling the U.S. Postal Service’s contracts to electrify its delivery fleet, as part of a broader suite of executive orders targeting electric vehicles, according to three sources familiar with the plans. The move, which could be unveiled in the early days of …

Exclusive-Trump may cancel US Postal Service electric mail truck contract, sources say Read More »

(Reuters) -The US watchdog for consumer finance on Friday announced it was ordering federal supervision of Google Payment Corp., the internet giant’s payment arm, a decision the company immediately said it was challenging in court. The Consumer Financial Protection Bureau announced the step saying it had determined services offered by Google Payment had posed a …

US regulator places Google Payment under supervision, company sues Read More »

(Reuters) -Oilfield services provider Flowco showed a surge in revenue when it filed paperwork for a U.S. initial public offering on Friday, becoming the latest to capitalize on a recent revival in investor appetite for newly listed stocks. The U.S. IPO market, which had largely avoided large deals for nearly three years, is experiencing a …

Oilfield services provider Flowco shows revenue surge in US IPO filing Read More »

By Suzanne McGee, Saeed Azhar and Manya Saini (Reuters) – Goldman Sachs is exploring options, including a potential sale, of its ETF Accelerator platform which helps the bank’s institutional clients launch their own exchange-traded funds, two sources familiar with the matter told Reuters on Friday. The platform is separate from the ETF business of Goldman …

Goldman explores possible sale of ETF client platform, sources say Read More »

By Sriparna Roy (Reuters) – Shares of health insurance companies including UnitedHealth Group continued to fall on Friday, two days after Brian Thompson, the CEO of the company’s health insurance unit, was fatally shot outside a Manhattan hotel by a gunman lying in wait. The shooter is still at large and his motive for the …

Health insurer shares fall after UnitedHealth exec murder Read More »