Reuters US Business

By Doyinsola Oladipo NEW YORK (Reuters) – A major U.S. hotel owners association said its Wyndham Hotels & Resorts franchisee members are worried an acquisition by budget operator Choice Hotels International could hurt their business. Choice on Tuesday launched a hostile bid for Wyndham to bring Wyndham to the negotiating table. The deal, initially valued …

Wyndham franchisees question possible Choice merger, association says Read More »

By David Shepardson (Reuters) -General Motors’ self-driving vehicle business Cruise will slash 24% of its workforce as it works to restructure operations following an accident that forced it to halt U.S. testing, the company said on Thursday. GM’s money-losing robotaxi unit has been in turmoil for weeks. Cruise pulled all its U.S. vehicles from self-driving …

GM’s struggling Cruise business to cut one-quarter of its workforce Read More »

(Reuters) -Boeing on Thursday named sustainability chief Chris Raymond as the new head of its aftermarket business, succeeding Stephanie Pope, who was announced as the planemaker’s chief operating officer on Monday. Raymond takes over as CEO of Boeing Global Services on Jan. 1, after serving as the company’s first chief sustainability officer since October 2020. …

Boeing names insider Chris Raymond as aftermarket business chief Read More »

(Reuters) – Virgin Australia has reached a cabin crew pay deal with unions that had called for strikes ahead of the busy end-of-year travel season, the airline said on Thursday. The in-principle agreement is for 15%-plus salary increases over three years, depending on an employee’s skill and tenure, Virgin Australia said in a statement. “The …

Virgin Australia averts strikes with cabin crew pay deal Read More »

By Lewis Krauskopf and David Randall NEW YORK (Reuters) – A dovish shift from the Federal Reserve has put record highs in sight for U.S. stocks, even as some investors worry the market may be moving too fast given an uncertain outlook for the economy and corporate earnings. The Fed held interest rates steady on …

Analysis-Investors cheer Fed’s dovish pivot, as focus shifts to 2024 risks Read More »

By Eliana Raszewski BUENOS AIRES (Reuters) -Argentina’s December inflation rate will “clearly be substantially higher than in November,” Economy Minister Luis Caputo said in a televised interview on Wednesday, as Javier Milei’s newly elected government grapples with an economy in crisis. The Latin American nation’s monthly inflation hit 12.8% in November alone, the highest monthly …

Argentina minister warns of ‘substantially higher’ December inflation Read More »

(Reuters) -Wall Street brokerages brought forward their expectations for the U.S. Federal Reserve’s first interest rate cut, with Goldman Sachs now seeing a March start to the easing cycle, after the central bank struck a dovish tone overnight. Goldman Sachs expects three consecutive 25 basis-point (bps) rate cuts – in March, May, and June – …

Wall St brokerages bring forward Fed rate cut expectations Read More »

By Sinead Cruise, Huw Jones and Samuel Indyk LONDON (Reuters) – Top stock exchange operators in Europe are under pressure from some investors and brokers to trim and simplify their fees to build a deeper capital market that challenges Wall Street’s allure to new company listings. The European Union has long sought to make its …

Europe’s stock exchanges face calls to reform fees to challenge Wall St Read More »

(Reuters) – Australia’s ANZ Group said on Thursday it had appealed against a Federal Court decision that found the lender guilty of not disclosing that its underwriters had bought nearly one-third of a share issue worth A$2.5 billion ($1.68 billion) in 2015. The Federal Court in October found the country’s third-largest bank guilty of breaking …

ANZ appeals court decision over troubled 2015 share placement worth $1.7 billion Read More »

By Scott Murdoch and Lewis Jackson SYDNEY (Reuters) – Australia’s Woodside Energy and rival Santos are unlikely to announce any agreement on a proposed A$80 billion ($52 billion) tie-up to create a global oil and gas giant until at least February, said a person with direct knowledge of the talks. Woodside and Santos last week …

Woodside, Santos proposed $52 billion tie-up unlikely to be sealed until at least Feb -source Read More »