Reuters US Business

By Akash Sriram (Reuters) -Lyft’s foray into global markets and smaller U.S. cities will help fuel growth, the ride-hailing firm said on Wednesday, as it forecast upbeat bookings for the all-important holiday travel season. The company’s shares, up about 56% this year, rose about 3% in extended trading. Lyft said Freenow, its European operations, which …

Lyft bets on global expansion, smaller cities focus to drive growth Read More »

(Reuters) -MetLife reported a rise in third-quarter profit on Wednesday, as the insurer raked in more income from investments. Risk-averse insurers typically hold bond-heavy investment portfolios, which offer better yields in a volatile and uncertain market environment. The company said returns on private equity assets were also higher. MetLife’s net investment income came in at …

MetLife quarterly profit rises on investment gains Read More »

(Reuters) -Drug distributor McKesson raised its fiscal 2026 profit forecast on Wednesday, betting on strong growth in its oncology and specialty drug distribution businesses. Shares of the company rose about 2% in extended trading. Drug distributors in the United States are expanding their presence in the market for specialty medicines, which treat complex conditions such as …

McKesson raises annual profit forecast on robust demand for specialty drugs Read More »

(Reuters) -Nutrien beat analysts’ expectations for third-quarter profit on Wednesday, and said it is initiating a review of strategic alternatives for its phosphate business. The review could include reconfiguring operations, strategic partnerships or a potential sale, the company said. The Saskatoon, Canada-based firm posted an adjusted profit of 97 cents per share for the three …

Nutrien tops profit estimates, initiates review of phosphate business Read More »

(Reuters) -Albemarle reported a smaller-than-expected loss for the third quarter on Wednesday, as the lithium producer’s tight leash on costs and resilient sales volumes softened the squeeze from persistently low prices for the metal. Shares of the Charlotte, North Carolina-based company rose 2.2% in extended trading. Albemarle has sharpened its focus on efficiency and cash …

Albemarle’s cost cuts, steady volumes fuel smaller loss amid weak lithium prices Read More »

By Nupur Anand and Tatiana Bautzer DETROIT (Reuters) -JPMorgan Chase has invested $2 billion during the past 11 years in Detroit to help reduce unemployment and boost growth, CEO Jamie Dimon said in an interview in the city on Wednesday, and the bank plans to roll out the model in other U.S. cities. The largest U.S. …

JPMorgan investment in Detroit to model plans for other US cities Read More »

(Reuters) -Theater chain AMC Entertainment beat Wall Street expectations for third-quarter revenue on Wednesday, bolstered by a strong lineup of blockbusters including “Superman” and “The Conjuring: Last Rites.”   The upbeat results underscore the recovery in U.S. cinema attendance after a long slump brought on by the pandemic, high inflation levels and the rise of …

AMC beats quarterly revenue estimates on box office strength Read More »