Reuters US Business

U.S. bank regulator says mergers could be ‘valuable,’ committed to speedy review

4 Nov 2025

NEW YORK (Reuters) -A top U.S. bank regulator said Tuesday that his agency is committed to promptly reviewing potential bank mergers, adding that such deals could be “quite valuable” to the financial system. Comptroller of the Currency Jonathan Gould said he wanted to see the government more promptly review such applications and lend clarity to …

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Marathon Petroleum misses Q3 profit estimates on higher turnaround costs

4 Nov 2025

By Nicole Jao and Pooja Menon NEW YORK (Reuters) -U.S. refiner Marathon Petroleum missed Wall Street estimates for third-quarter profits on Tuesday, as higher refining turnaround costs and renewable diesel losses weighed on performance. Shares of Marathon, the top U.S. refiner by volume, were down about 7% at 1:30 p.m. ET (1830 GMT). Marathon’s results …

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Yum Brands mulls Pizza Hut sale as Taco Bell drives third-quarter beat

4 Nov 2025

By Juveria Tabassum (Reuters) -Yum Brands said on Tuesday it was exploring strategic options for its Pizza Hut chain struggling in a highly competitive fast-food industry, and posted upbeat quarterly results on the back of demand at its Taco Bell U.S. stores. Pizza Hut’s sales have lagged Yum Brands’ other prominent units, Taco Bell and …

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Starbucks to sell control of China business to Boyu, aims for rapid growth

4 Nov 2025

By Kane Wu, Waylon Cunningham and Casey Hall (Reuters) -Starbucks said it would sell control of its operations in China to Boyu Capital in a deal that values the business at $4 billion – one of the largest divestments of a China unit by a global consumer company in recent years. The Seattle-based coffee chain …

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Beta Technologies valued at $7.4 billion as shares stall out in muted NYSE debut

4 Nov 2025

By Ateev Bhandari and Allison Lampert (Reuters) -Electric aircraft maker Beta Technologies was valued at $7.44 billion after its shares opened flat in their New York Stock Exchange debut on Tuesday, signaling investor caution over a prolonged U.S. government shutdown. After U.S. President Donald Trump’s tariffs scuttled IPOs earlier this year, a triumphant comeback of …

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Exclusive-Apollo withdraws bid to take pizza chain Papa John’s private at $64 a share, sources say

4 Nov 2025

By Abigail Summerville and Svea Herbst-Bayliss -Apollo Global has withdrawn its offer to take pizza chain Papa John’s private at $64 a share, according to two people familiar with the deal, as Wall Street waits to see what is expected to be a tough earnings report on Thursday.  The private equity firm pulled its bid …

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American Airlines to trim some management, support staff roles

4 Nov 2025

(Reuters) -American Airlines said on Tuesday it was eliminating a “small number” of management and support staff positions as part of a workforce adjustment. The layoffs were primarily at its Fort Worth headquarters which will help it become more efficient across the organization, the airline said. The carrier has previously said it plans to generate …

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Apple to enter low-cost laptop market with budget Mac, Bloomberg News reports

4 Nov 2025

(Reuters) -Apple is preparing to launch a budget Mac in the first half of next year, entering the low-cost laptop market for the first time, Bloomberg News reported on Tuesday.  The device, aimed to lure customers away from Google’s Chromebooks and entry-level Windows PCs, is made for students, businesses and casual users who primarily browse the …

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Apollo pledges future growth as profit, assets swell

4 Nov 2025

By Isla Binnie and Arasu Kannagi Basil NEW YORK (Reuters) -Apollo Global Management beat Wall Street’s forecasts for third-quarter profit and pledged more growth on Tuesday, backed by a swelling pile of assets, growth in lending and profit from its retirement unit.  The alternative asset manager reported adjusted net income per share of $2.17, surpassing …

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Jeffrey Epstein had accounts with Goldman Sachs and HSBC, documents show

4 Nov 2025

NEW YORK (Reuters) -Jeffrey Epstein, the disgraced late financier and sex offender, had accounts at Goldman Sachs, HSBC and other banks, new court filings show. The revelations came in previously sealed documents made public by JPMorgan Chase, once Epstein’s main bank, in a now-settled lawsuit brought by the U.S. Virgin Islands, where Epstein had a …

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