Reuters US Business

By Ananya Mariam Rajesh (Reuters) – CoverGirl parent Coty missed fourth-quarter revenue expectations on Tuesday, impacted by its divestiture of Lacoste fragrance license and controlled orders from cautious retailers, which weighed on growth in prestige and mass-market perfumes. Its decision to sell the Lacoste license back to Lacoste resulted in a 2% impact on net …

Coty misses revenue estimates on cautious retail orders, Lacoste license sale Read More »

(Reuters) – Warner Bros Discovery said on Tuesday it would spend at least $8.5 billion to produce movies and television shows at a new studio at Las Vegas in Nevada, if the state provides promised tax incentives. The media giant is partnering with the University of Nevada, Las Vegas and family-owned real estate firm Birtcher …

Warner Bros Discovery pledges $8.5 billion on Nevada Studios pending tax credit approval Read More »

By Hannah Lang (Reuters) – State Street is partnering with Swiss crypto company Taurus to offer new digital asset services, including turning real-world assets into tradeable tokens, to tap growing institutional demand for such investments, the U.S. financial services provider told Reuters. As cryptocurrencies have spread in the financial system through regulated products including futures …

Custody giant State Street expands crypto services in new partnership Read More »

By Anna Mehler Paperny and Nivedita Balu TORONTO (Reuters) – As Canada braced for a freight rail stoppage that could hit industries ranging from autos to agriculture, the trucking sector said it faced higher demand it could not meet. Unless labor agreements are reached, Canadian National Railway and Canadian Pacific Kansas City – which hold …

As Canada braces for rail stoppage, truckers scramble to meet demand Read More »

By Stephen Culp NEW YORK (Reuters) -U.S. stocks closed slightly lower on Tuesday, breaking their recent winning streak amid few market-moving catalysts ahead of the Jackson Hole Economic Symposium, set to get under way on Thursday. All three major U.S. stock indexes edged down, ending a multi-session rally in which the equities market bounced back …

Wall St ends lower ahead of Jackson Hole, snapping multi-session rally Read More »

By Jonathan Stempel (Reuters) -A U.S. appeals court said Google must face a revived lawsuit by Google Chrome users who said the company collected their personal information without permission, after they chose not to synchronize their browsers with their Google accounts. The 9th U.S. Circuit Court of Appeals in San Francisco said the lower court …

US appeals court revives Google privacy class action Read More »

By Chibuike Oguh NEW YORK (Reuters) -Shares of Trump Media & Technology Group, which is majority-owned by former U.S. President Donald Trump, sank to record lows on Tuesday, following the Republican presidential candidate’s recent return to rival social media platform X. Trump Media shares dropped to as low as $21.33, down more than 4%. The …

Shares of Trump’s media firm sink to record low Read More »

(Reuters) -Sam Altman-led OpenAI on Tuesday announced a multi-year partnership with Condé Nast to display content from its brands such as the Vogue and the New Yorker within the AI startup’s products, including ChatGPT and SearchGPT prototype. Financial terms of the deal were not disclosed. OpenAI has signed similar deals with the Time magazine, Financial …

OpenAI signs content deal with Condé Nast Read More »

(Reuters) – Energix Renewables said on Tuesday it has signed a long term agreement with Alphabet’s Google to supply electricity and renewable energy credits generated from its solar projects to the tech giant. To power their rapidly expanding AI data centers, major technology firms like Google are increasingly negotiating electricity supply agreements with energy providers. …

Energix signs long-term solar power deal with Google Read More »