Reuters US Business

By Tim Hepher, Shivani Tanna and Mike Stone (Reuters) -Boeing agreed to buy back Spirit AeroSystems for $4.7 billion in stock and Airbus moved to take on the supplier’s loss-making Europe-focused activities in return for hundreds of millions of dollars of compensation in a rare coordinated move. The near-two-decade independence of the world’s largest standalone …

Spirit Aero to be broken up as Boeing agrees $4.7 billion stock deal Read More »

(Reuters) – Shares in Anglo American slid 3% on Monday after the miner suspended production at its Grosvenor steelmaking coal mine in Australia following an underground fire that broke out over the weekend. Anglo American said on Sunday it was battling an underground fire at the mine in Australia’s Queensland state after a blaze ignited …

Anglo American shares fall after Australian mine suspension Read More »

By Arathy Somasekhar HOUSTON (Reuters) – About 20 ships loaded crude oil on Canada’s West Coast in the first full month of operation on the newly expanded Trans Mountain pipeline, according to vessel-tracking data on Sunday, slightly below the operator’s forecast. Loadings from the pipeline expansion are closely watched because the Canadian government wants to …

Trans Mountain oil pipeline just shy of target for first-month loadings Read More »

MELBOURNE (Reuters) – A fire at Anglo American’s Grosvenor metallurgical coal mine in Australia is likely to negatively affect its Australian met coal business, broker Jefferies said in a note on Monday. Anglo American said on Sunday it was battling an underground fire at the coal mine in Australia’s Queensland state after a blaze ignited …

Jefferies says Anglo American coal fire likely to affect met coal sale Read More »

By Louis van Boxel-Woolf and Samuel Indyk LONDON (Reuters) – French political uncertainty and an EU trade spat with China are casting a shadow over European corporate earnings, investors say, despite forecasts that companies are set to deliver better results. Second-quarter earnings for companies in the pan-European STOXX 600 are seen rising 2% and revenues …

Analysis-French vote, China trade row cast cloud over European earnings Read More »

(Reuters) – Pixar movie “Inside Out 2” has crossed the $1 billion mark at the worldwide box office in less than three weeks of release, reaching that level in the fastest time of any animated film in history, Walt Disney Co said on Sunday. The film is the highest-grossing movie of the year and the …

‘Inside Out 2’ hits $1 billion at global box office Read More »

SYDNEY (Reuters) – Australian home prices rose in June for a seventeenth straight month, as tight supply outweighed demand-side pressures of high interest rates, a cost of living squeeze and tight lending conditions, property consultant CoreLogic said on Monday. Data from CoreLogic showed national home prices climbed 0.7% in June from May when it gained …

Australia home prices keep climbing on tight supply Read More »

(Reuters) -The boss of British health and beauty retailer Boots is quitting after U.S. owner Walgreens Boots Alliance’s plans for a sale or stock market listing of the chain stalled, according to a person with knowledge of the situation. Sebastian James, who has run Boots since 2018, will remain in the post until November before …

Boots chief quits after Walgreens’ sale plan stalls Read More »