Reuters US Business

By Jacob Gronholt-Pedersen and Stine Jacobsen COPENHAGEN (Reuters) -Demand for green power in the United States will grow regardless of who is the country’s next president, major players in the wind energy sector Vestas and Orsted said on Tuesday. Offshore wind developers have seen profits shrink in recent years due to rising raw material costs, …

US green power demand expected to grow regardless of election outcome Read More »

By Jonathan Stempel (Reuters) – A federal judge dismissed a proposed class action lawsuit accusing Google of illegally profiting from Google Play gift card scams by refusing to refund millions of dollars stolen from victims. In a late Monday decision, U.S. District Judge Beth Labson Freeman said the plaintiff Judy May lost money because scammers …

Google defeats lawsuit over gift card fraud Read More »

By Seher Dareen -DuPont de Nemours raised its full-year profit forecast after topping third-quarter estimates on Tuesday, as the industrial materials maker rides a recovery in demand from semiconductor makers looking to tap a boom in AI technology. Shares of the company, which makes chemicals and other components that are widely used to manufacture chip …

DuPont raises annual profit forecast on strong AI-tech demand Read More »

By Isla Binnie, Nupur Anand and Tatiana Bautzer NEW YORK (Reuters) – JPMorgan Chase, Bank of America and Citigroup reminded employees that they can take paid time off to vote in Tuesday’s U.S. presidential election, while underscoring the need to work across political lines.  The three largest U.S. lenders have combined global workforces of almost …

US banks encourage workers to vote, carving out paid time off Read More »

By Promit Mukherjee and Fergal Smith OTTAWA (Reuters) -Canada posted a higher than expected trade deficit of C$1.26 billion ($908 million) in September mainly on account of lower prices which pulled down the value of exports but overall volumes of outbound shipments rose, data showed on Tuesday. The September data was its seventh straight monthly …

Canada posts higher-than-expected trade deficit in September on lower prices Read More »

By Zaheer Kachwala (Reuters) -Palantir shares jumped over 17% to hit a record high on Tuesday, after the data analytics firm raised its annual revenue forecast for the third time, bolstering investor confidence that the AI frenzy was fueling demand for its services. The company is expected to add $15.8 billion to its market value, …

Palantir shares surge to record as AI boom powers forecast raise Read More »

(Reuters) – Contract drug manufacturer Catalent, which is in the process of being acquired by Novo Holdings, posted a surprise first-quarter loss and revenue below Wall Street estimates on Tuesday. WHY IT’S IMPORTANT The company provides filling and packaging services for syringes and injection pens in sterile conditions, including for Danish drugmaker Novo Nordisk’s popular …

Catalent misses Q1 revenue estimates ahead of $16.5 billion deal close with Novo Holdings Read More »

By Amina Niasse NEW YORK (Reuters) – CVS Health’s David Joyner is expected to address how he will better manage rising patient costs in the Medicare business than his predecessor when he tackles his first earnings call as CEO on Wednesday, particularly after rivals have shown progress on that front in recent financial reports. Joyner …

Wall Street looking for CVS to show execution plan Read More »