Reuters US Business

Perplexity CEO ‘surprised’ by Dow Jones, New York Post lawsuit against startup

23 Oct 2024

(Reuters) – Perplexity CEO Aravind Srinivas was “surprised” by a lawsuit from media baron Rupert Murdoch’s Dow Jones and the New York Post against the search startup, he said at the WSJ Tech Live conference on Wednesday. Media conglomerate News Corp-owned publishers sued California-based Perplexity on Monday, claiming that the startup engages in a “massive …

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NextEra considers nuclear restart in Iowa, while renewable deals swell

23 Oct 2024

By Laila Kearney and Seher Dareen (Reuters) -NextEra Energy is conducting engineering studies and speaking with federal regulators about the possible restart of its Duane Arnold nuclear power plant in Iowa, company executives said on Wednesday. Growing power demand from AI data centers, and the electrification of buildings and transportation, has propelled the country’s electric …

NextEra considers nuclear restart in Iowa, while renewable deals swell Read More »

IBM misses third-quarter revenue estimates as consulting drags; shares fall

23 Oct 2024

By Arsheeya Bajwa (Reuters) -International Business Machines missed analysts’ estimates for third-quarter revenue on Wednesday, hurt by weakness in its consulting segment as businesses cut back on discretionary expenses, coupled with declines in the infrastructure business. IBM’s shares fell about 4% in extended trading after rising more than 40% this year, as investors bet on …

IBM misses third-quarter revenue estimates as consulting drags; shares fall Read More »

US lawmakers pressure automaker Stellantis on investment commitments

23 Oct 2024

By Nora Eckert and David Shepardson DETROIT (Reuters) – Nearly 80 members of Congress, including the Senate’s top two Democrats, on Wednesday urged automaker Stellantis to honor investment commitments that are part of its contract with the United Auto Workers union. The union and the Jeep-maker have been in a bitter battle after Stellantis said …

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Boeing defense’s business is ‘core’, but struggles abound for new CEO

23 Oct 2024

By Mike Stone WASHINGTON (Reuters) – Boeing CEO Kelly Ortberg anticipates the planemaker’s defense business will continue to struggle under the weight of budget-busting older contracts, but he said on Wednesday that despite many problems the unit making helicopters, fighter jets and missiles remains “core” to the company’s future. Cost overruns at the KC-46 midair …

Boeing defense’s business is ‘core’, but struggles abound for new CEO Read More »

United Rentals misses third-quarter profit estimates on lower margins

23 Oct 2024

(Reuters) – United Rentals missed third-quarter profit estimates on Wednesday, on lower margins across all of the equipment rental company’s segments. Shares of the company fell nearly 3% after the bell. The slow recovery of non-residential construction and persisting supply chain issues continue to weigh on costs for equipment dealers and are hurting margins. The …

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Ameriprise Financial reports higher Q3 profit boosted by robust fee income

23 Oct 2024

(Reuters) – U.S. financial adviser firm Ameriprise Financial reported a 11% rise in third-quarter profit on Wednesday, as a market rally boosted the value of its client’s assets, helping the firm earn more in fee income. The U.S. markets have been rallying in hopes that last month’s Federal Reserve rate cut will ease the pressure …

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Newmont misses profit estimates on higher costs, weaker Nevada output

23 Oct 2024

(Reuters) -Newmont, the world’s top gold producer, missed Wall Street expectations for third-quarter profit on Wednesday, as higher costs and lower production in Nevada took the shine away from a rise in total output. Shares of the company fell 6.8% after the bell. Newmont said that its costs rose due to planned maintenance at the …

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Las Vegas Sands misses third-quarter profit estimates on weak Macao business

23 Oct 2024

(Reuters) – Las Vegas Sands missed analysts’ expectations for quarterly profit on Wednesday, hit by an ongoing renovation at its Londoner casino in Macao and lower-than-expected per table income in Singapore. The casino operator posted a quarterly profit of 44 cents per share. Analysts on average had expected a profit of 53 cents per share, …

Las Vegas Sands misses third-quarter profit estimates on weak Macao business Read More »

US fines American Airlines record $50 million over treatment of disabled passengers

23 Oct 2024

By David Shepardson (Reuters) – The U.S. Transportation Department on Wednesday said it was fining American Airlines a record $50 million for its treatment of disabled passengers, including failing to provide some with adequate assistance and mishandling wheelchairs. The fine is 25 times larger than the previous highest airline penalty for disability protection violations, setting …

US fines American Airlines record $50 million over treatment of disabled passengers Read More »

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