Reuters US Business

(Reuters) – Meta Platforms unveiled artificial intelligence-powered chatbots, a new mixed reality headset and Ray-Ban smart glasses at its annual products conference in Menlo Park, California. Here are the key announcements at the event: QUEST 3 Meta released the Quest 3, which the company said was its first mainstream headset built for mixed reality. Quest …

Factbox-Meta Connect: All the details on Quest 3, Ray-Ban smart glasses, AI chatbots Read More »

By Jack Queen (Reuters) – The fate of Donald Trump’s business empire hangs in the balance after a New York judge stripped control of key properties from the former U.S. president as punishment for his “repeated and persistent fraud” over their valuations. Here’s a look at the ruling and its implications for Trump, the frontrunner …

Explainer-What does New York fraud ruling mean for Donald Trump’s business empire? Read More »

By Lananh Nguyen and Niket Nishant (Reuters) -Jefferies Financial Group reported a smaller-than-expected third-quarter profit on Wednesday as lingering economic uncertainty kept dealmaking in check, but the firm said it was hiring more managing directors for next year. Shares of the New York-based company fell 3.5% after the bell, even as it forecast a more …

Jefferies’ third-quarter profit falls short of expectations as M&A sputters Read More »

By Samrhitha A and Stephen Nellis (Reuters) -Micron Technology on Wednesday forecast a wider than expected first-quarter loss, and its shares sank 2.4% even as it prepares to ramp up production of new product lines and said it was working to become a supplier to Nvidia The Idaho-based chipmaker’s first-quarter revenue forecast exceeded Wall Street …

Micron widens loss forecast, shares drop; chipmaker hopes to supply Nvidia Read More »

By Diane Bartz WASHINGTON (Reuters) – The founder of Branch Metrics, which developed a method of searching within smartphone apps, told a U.S. antitrust trial on Wednesday how his company struggled to integrate with devices because of steps Google took to block them. The testimony came during the third week of a more than two-month …

Google created hurdles to protect smartphone foothold -small search firm Read More »

By Hannah Lang (Reuters) – Crypto companies are descending on Capitol Hill on Wednesday, but their push to advance industry-friendly laws is likely to be overshadowed by a fight over the federal budget and a Senate crackdown on the use of crypto for money laundering. Dozens of executives from digital asset companies are meeting with …

Analysis-US crypto industry comes to Washington, but faces uphill struggle Read More »

By Douglas Gillison (Reuters) -A looming government shutdown would reduce U.S. Securities and Exchange Commission (SEC) staffing to “skeletal” levels, stopping it from approving companies’ Wall Street debuts and hindering its ability to respond to any market turmoil, its chair told lawmakers on Wednesday. Hundreds of thousands of federal workers will be furloughed and a …

As shutdown looms, companies should go public ‘before Friday’ -US SEC chief Read More »

By Milana Vinn (Reuters) -Pros Holdings Inc, a U.S. provider of revenue management software to airlines and other industries, is exploring options that include a potential sale, according to people familiar with the matter. Pros, which has struggled to return to profitability, is being advised by investment bank Qatalyst Partners in its discussions with potential …

Exclusive-Revenue management software vendor Pros explores sale -sources Read More »

By Jonathan Stempel (Reuters) – Apple was ordered on Wednesday to face a private antitrust lawsuit by payment card issuers accusing the company of thwarting competition for its Apple Pay mobile wallet. U.S. District Judge Jeffrey White said the plaintiffs could try to prove that Apple violated the federal Sherman antitrust law by enforcing a …

Apple is ordered to face Apple Pay antitrust lawsuit Read More »

(Reuters) -Uber Technologies on Wednesday named Analog Devices CFO Prashanth Mahendra-Rajah as the finance chief of the ride-hailing company. The development comes as Uber gears up against competition from smaller rival Lyft. Mahendra-Rajah will join Uber on Nov. 13 and replaces Nelson Chai, who announced his plan to step down from the role in August. …

Uber names Prashanth Mahendra-Rajah as CFO Read More »