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(Reuters) -U.S. steelmaker Nucor reported better-than-expected profit for the third quarter on Monday, buoyed by higher product pricing and robust shipments, sending its shares up nearly 3% in extended trading. The company has benefited from a fall in steel imports into the U.S. after President Donald Trump imposed tariffs on the metal, leading to higher …

Nucor profit beats estimates on strong shipments, pricing Read More »

(Reuters) -Universal Health Services beat Wall Street estimates for third-quarter profit on Monday, driven by steady demand for medical care services at its hospitals, sending its shares surging 6% in extended trading. Health insurers have flagged elevated demand and rising costs in individual Affordable Care Act, also known as Obamacare, and Medicaid plans for low-income …

Universal Health Services beats quarterly profit estimates on higher medical care demand Read More »

(Reuters) -Educational technology company Chegg said on Monday it would cut 388 roles globally, or about 45% of the workforce, to reduce costs and streamline operations as it works to adapt to the growing shift toward AI-powered tools. The company, which offers textbook rentals, homework help and tutoring, said the “new realities of AI and …

Hit by AI, edtech firm Chegg slashes jobs and names new CEO in major overhaul Read More »

(Reuters) -Property and casualty insurance firm The Hartford reported a 41% jump in third-quarter profit on Monday, driven by robust growth in insurance premiums. Shares of the company rose 1.6% after the bell. The stock has gained about 14% this year as of Monday’s close. The insurance industry has remained resilient amid persistent uncertainty, as businesses …

The Hartford’s quarterly profit jumps on strong premium growth Read More »

By Jonathan Stempel (Reuters) -PepsiCo has resolved a lawsuit accusing it of falsely marketing its Gatorade protein bars as good for you, though they contain more sugar than protein and more sugar than Snickers bars and chocolate-frosted Dunkin’ donuts. U.S. District Judge Casey Pitts in San Jose, California, on Monday dismissed the proposed class action …

PepsiCo resolves lawsuit over Gatorade bar health claims Read More »

(Reuters) -Global companies have a long list of concerns around the U.S.-China trade war. They will closely monitor President Donald Trump and Chinese President Xi Jinping’s expected meeting in South Korea on Thursday, hoping that the world’s two biggest economies begin to resolve their differences. Below are the biggest issues for global companies. SEMICONDUCTORS The …

Factbox-Corporate concerns mount ahead of Trump and Xi talks in South Korea Read More »

(Reuters) -Social media giant Meta launched on Monday posts that are automatically archived 24 hours after being uploaded, dubbed “ghost posts,” on its Threads app, mimicking a popular feature available on its other platforms. The feature is aimed at boosting usage, expanding options for users to share posts on the app, similar to the widely …

Meta launches ‘ghost posts’ that disappear after 24 hours on Threads Read More »