Reuters US Business

(Reuters) – Commercial real estate investment trust Simon Property Group missed market expectations for third-quarter funds from operations (FFO) on Friday, hurt by softer leasing demand at its mixed-use shopping centers. The company reported FFO, a key measure of performance of a REIT, of $2.84 per share for the quarter ended Sept. 30 down from …

Simon Property Group misses quarterly funds from operations estimates Read More »

(Reuters) – Dominion Energy beat Wall Street estimates for third-quarter profit on Friday, as the electric utilities company benefited from lower costs and steady electricity demand during hot weather. Utilities are set to gain from growing electricity demand, driven primarily by AI technology and data centers, alongside increased power usage in homes and businesses amid …

Dominion Energy beats Q3 profit estimates on lower costs and steady demand Read More »

(Reuters) – Asset manager T Rowe Price reported a 17.4% rise in third-quarter profit on Friday, helped by a jump in advisory fees as strength in U.S. equities boosted assets under management (AUM) at the firm. The Baltimore, Maryland-based company’s total investment advisory fees jumped 11.5% to $1.63 billion. A string of encouraging U.S. economic …

T Rowe Price’s quarterly profit jumps on rise in advisory fees Read More »

(Reuters) – Abbott Laboratories shares rose nearly 5% before the bell on Friday, after a jury cleared the company and a Reckitt unit of liability in a lawsuit over their premature baby formulas’ risks. A jury in St. Louis, Missouri found on Thursday that Abbott and Reckitt unit Mead Johnson are not responsible for a …

Abbott shares rise after securing first win in premature infant formula trial Read More »

A look at the day ahead in U.S. and global markets from Mike Dolan With next week’s U.S. election now dominating thinking, the last two megacap earnings reports of the week appear to have calmed the stock market somewhat and a potentially noisy October payrolls report is up next. Amazon and Apple got different market …

Morning Bid: Amazon calms the horses, payrolls due Read More »

TOKYO (Reuters) – Bain Capital is planning to launch a tender offer for Japanese software firm Fuji Soft in early November rather than late October as originally planned but still awaits company approval, the private equity firm said on Friday. Bain has been locked in a $4 billion takeover battle for the firm with rival …

Bain aiming for Fuji Soft tender offer in early Nov, awaits company approval Read More »