Reuters US Business

By Blake Brittain WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday declined to hear patent-licensing company VirnetX’s bid to revive a $502.8 million jury verdict it won against Apple in a dispute over internet-security patents. The justices turned away Zephyr Cove, Nevada-based VirnetX’s appeal of a lower court’s decision to overturn the verdict against …

US Supreme Court won’t review Apple’s win against $503 million patent verdict Read More »

By Niket Nishant and Manya Saini (Reuters) -Capital One Financial’s $35.3 billion deal for Discover Financial would create new competition for payments behemoths Visa and Mastercard, potentially helping smoothen the path for regulatory approval, analysts said. The all-stock deal announced on Monday would create the biggest U.S. credit card issuer, but it would also give …

Capital One-Discover deal adds rival to Visa and Mastercard, easing antitrust concerns Read More »

By Yuka Obayashi TOKYO (Reuters) – Japan’s Kyushu Electric Power will wait until after the United States resumes issuing export licences for new liquefied natural gas (LNG) projects before deciding on whether to invest in the Lake Charles project, an executive said. U.S. President Joe Biden froze approvals for LNG exports from new projects late …

Exclusive-Japan’s Kyushu Electric to wait for US LNG policy clarity on Lake Charles Read More »

(Reuters) – The first human patient implanted with a brain-chip from Neuralink appears to have fully recovered and is able to control a computer mouse using their thoughts, the startup’s founder Elon Musk said late on Monday. “Progress is good, and the patient seems to have made a full recovery, with neural effects that we …

Neuralink’s first human patient able to control mouse through thinking, Musk says Read More »

(Reuters) -Holiday Inn owner IHG said it expected to return more than $1 billion to shareholders in 2024 on Tuesday, after posting better-than-expected annual room revenue and adjusted operating profit that exceeded $1 billion for the first time. Chief Executive Elie Maalouf also laid out his strategy, and said the company is targeting high single-digit …

IHG to return over $1 billion to shareholders this year after stellar 2023 Read More »

By Doina Chiacu WASHINGTON (Reuters) – The U.S. government is awarding $1.5 billion to GlobalFoundries to expand semiconductor production, the Biden administration said on Monday, in a bid to strengthen domestic supply chains after the COVID pandemic exposed weaknesses. GlobalFoundries, the world’s third-largest contract chipmaker, will build a new semiconductor production facility in Malta, New …

US awards $1.5 billion to GlobalFoundries for domestic semiconductor production Read More »

BOGOTA (Reuters) – Colombia’s financial regulator on Monday suspended trading of shares in food producer Nutresa, ahead of a planned public offer of shares launched by Grupo Gilinski, Nutresa’s current majority shareholder. After several years of tense corporate wrangling, Grupo Gilinski agreed to exit its stake in the country’s largest investment firm Grupo Sura and …

Trading in Nutresa shares suspended ahead of public offer Read More »

MEXICO CITY (Reuters) – Mexico’s headline inflation rate likely eased in the first half of February, a Reuters poll showed on Monday, reinforcing bets that the country’s central bank could soon lower its key benchmark interest rate for the first time since 2021. A median forecast of 13 analysts predicted that the annual headline inflation …

Mexican headline inflation seen slowing in early February Read More »