Reuters US Business

By Scott Murdoch, Lewis Jackson and Renju Jose SYDNEY (Reuters) -Santos Ltd shares jumped on Friday on the prospect of a possible $52 billion merger with bigger Australian rival Woodside, but investors said valuation will be key, while domestic asset sales are likely to be needed to overcome competition concerns. After market hours on Thursday, …

Woodside-Santos $52 billion merger talk spurs competition, price concerns Read More »

(Reuters) -Gambling group Flutter Entertainment said on Friday it was working towards an effective listing date of Jan. 29 for its ordinary shares on the New York Stock Exchange and also plans to cancel its secondary listing in Dublin the same day. Europe’s STOXX decided to remove Dublin-based Flutter from the EUROSTOXX index from Dec. …

Flutter to list in New York in January Read More »

By Scott Murdoch SYDNEY (Reuters) – Oil and gas firms Woodside and Santos could overcome any “significant concerns” with a A$80 billion ($52 billion merger) from Australia’s competition regulator by selling off some smaller domestic assets, said a source with knowledge of the deal’s discussions. The source could not be named as the merger talks …

Woodside, Santos could sell assets to overcome merger antitrust hurdles -source Read More »

(Reuters) – An Australian workers union has filed a class action against McDonald’s local unit, alleging that the restaurant chain asked current and former employees to work before and after their rostered shifts for free. The SDA union for retail, fast food and warehouse workers alleged that McDonald’s did not pay about 25,000 managers and …

McDonald’s Australia hit with class action over unpaid overtime Read More »

By David Shepardson WASHINGTON (Reuters) -The U.S. Transportation Department needs to support the development of autonomous vehicles, a coalition of groups representing the industry warned on Thursday, saying the nascent industry risks losing out to competitors like China. “The AV industry is at a critical juncture and in need of strong leadership from USDOT,” the …

US self-driving industry seeks federal support, cites China risk Read More »

By John Kruzel WASHINGTON (Reuters) -Billionaire businessman Elon Musk on Thursday asked the U.S. Supreme Court to consider whether the Securities and Exchange Commission overstepped its authority in enforcing a consent decree that he has called a “muzzle” on his constitutional free speech rights, his lawyer said. Musk asked the justices to hear his appeal …

Elon Musk appeals dispute over SEC consent decree to US Supreme Court Read More »

By David Lawder MEXICO CITY (Reuters) -The U.S. Treasury on Thursday said it signed an agreement with Mexico’s finance ministry to cooperate on strengthening screening of foreign investments to enhance national security, including regularly sharing information on best practices. The Biden administration is promoting Mexico as a premier investment destination for U.S. supply chains and …

US, Mexico to cooperate on strengthening security screening of investments Read More »

(Reuters) – McDonald’s is set to test a smaller-format concept store called “CosMc’s”, which will sell cold beverages including flavored iced teas and slushes, as the fast-food giant charts out an ambitious growth plan. The first CosMc’s location will open in Bolingbrook, Illinois, this week as part of a limited test run, the company said …

McDonald’s tests CosMc’s stores as burger chain boosts beverages focus Read More »

By Aditya Soni (Reuters) – Alphabet surged nearly 5% on Thursday as Wall Street cheered the launch of Gemini, saying the new artificial intelligence model could help narrow the gap in a race with Microsoft-backed OpenAI. Long considered a leader in AI research, Alphabet lost the spotlight when OpenAI’s ChatGPT swept the tech landscape upon …

Alphabet soars as Wall Street cheers arrival of AI model Gemini Read More »

MEXICO CITY (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday the U.S. Federal Reserve is performing strongly and that she was feeling very satisfied about the path that the U.S. economy is on. Yellen was speaking to reporters during a visit to Mexico City at a joint press conference with Mexican Finance Minister …

Yellen says Fed performance strong, U.S. economy robust Read More »