Reuters US Business

By Dawn Chmielewski and Lisa Richwine (Reuters) -Netflix Inc beat Wall Street earnings estimates for the first quarter but offered a lighter-than-expected forecast on Tuesday, demonstrating the challenges that the mature streaming service faces in its pursuit of growth. Netflix said it shifted a wider launch of a plan to crack down on unsanctioned password …

Netflix reports mixed earnings as password crackdown set to expand Read More »

By Rajesh Kumar Singh CHICAGO (Reuters) -United Airlines Holdings Inc on Tuesday forecast a profit for the second quarter and retained its earnings outlook for the full year on “strong” travel demand, particularly for international trips. In a statement, CEO Scott Kirby said bookings for international travel are growing at twice the domestic rate. The …

United Airlines sees return to profit on ‘strong’ international travel demand Read More »

(Reuters) – Western Alliance Bancorp beat Wall Street estimates for the first quarter on Tuesday, as the lender reaped gains from interest income on the back of a slate of rate hikes by the U.S. Federal Reserve. The Fed raised interest rates at the fastest pace in decades to tame decades-high inflation. While higher cost …

Western Alliance beats quarterly estimates on gains from interest income Read More »

(Reuters) -Transport Canada said on Tuesday Hyundai Auto Canada Corp pleaded guilty to six different counts of criminal charges for violating the Motor Vehicle Safety Act. Hyundai Auto Canada failed to send out notices of safety defect within the prescribed time period of 60 days, the statement said, and the company will pay a fine …

Transport Canada says Hyundai Auto Canada guilty of safety violation Read More »

By Rajesh Kumar Singh and Aishwarya Nair (Reuters) -Southwest Airlines Co’s said a technology failure caused a one-hour nationwide stoppage of its flights on Tuesday, another snafu for the carrier after a software problem over the Christmas holiday stranded thousands. The Dallas-based carrier’s flights resumed after a vendor-supplied computer network firewall went down Tuesday morning …

Southwest flights resume after brief halt due to technical problem Read More »

By Mrinalika Roy (Reuters) – Companies with a focus on the oil-rich Permian basin are likely to be at the center of the next wave of consolidation in the U.S. energy sector as favorable oil prices prompt cash-rich drillers to tap into the largest source of shale oil. Top producers have built a war chest …

Permian in spotlight as energy dealmaking gathers steam Read More »

By Kanishka Singh WASHINGTON (Reuters) -The U.S. Justice Department on Tuesday said it had reached a settlement with General Motors Co to resolve the department’s allegation that the automaker discriminated against non-U.S. citizens. Under the terms of the agreement, the Detroit-based company will pay $365,000 in civil penalties to the United States, the Justice Department …

US, General Motors settle alleged discrimination against non-US citizens Read More »

By David Lawder WASHINGTON (Reuters) – The U.S. Internal Revenue Service declared on Tuesday that it is completing its first “normal” tax filing season since the COVID-19 pandemic struck in 2020, with a backlog of millions of unprocessed returns from previous years fully cleared. New IRS Commissioner Danny Werfel told reporters that the initial spending …

U.S. IRS clears massive backlog of unprocessed paper tax returns Read More »

ROME (Reuters) -Italy’s data protection watchdog is ready to allow the return of the ChatGPT chatbot at the end of April if its maker OpenAI takes “useful steps” to address the agency’s concerns, the authority’s chief Pasquale Stanzione said in an interview published on Tuesday. Microsoft Corp-backed OpenAI took ChatGPT offline in Italy in late …

Italy to allow ChatGPT to return if OpenAI takes ‘useful steps’ Read More »

NEW YORK (Reuters) – Apple Inc is seeking to attract U.S. savers with a new high-yield deposit account it announced on Monday with partner Goldman Sachs Group Inc amid increased competition among financial institutions for consumer dollars. Apple said users of its Apple Card can earn 4.15% on savings accounts, or 10 times higher than …

Apple offers high-yield savings to card customers as deposit competition heats up Read More »