By Savyata Mishra Dec 12 (Reuters) – Lululemon Athletica’s CEO shake-up has put the spotlight on the once-dominant yoga pants maker’s race to wrest back younger and affluent shoppers from rivals and revive its sagging U.S. business. Its shares, which have halved in value this year, rose 10% on Friday following the departure of CEO …
Lululemon CEO exit sparks hopes of reset at athleisure pioneer Read More »
By Tom Polansek CHICAGO, Dec 12 (Reuters) – JBS will permanently close a facility outside Los Angeles that prepares beef for sale at U.S. grocery stores, the world’s largest meat company said on Friday, as tight cattle supplies have raised costs for meatpackers. JBS will shut its Swift Beef Company facility in Riverside, California, on …
By Polina Devitt and Pratima Desai LONDON, Dec 12 (Reuters) – Copper is closing in on the $12,000 a metric ton mark as expectations of soaring demand from data centres that power artificial intelligence and tight supplies collide with shortages outside the United States. Valued for its exceptional electrical conductivity, copper wiring is vital in …
How tight supply, AI demand propelled copper towards $12,000 Read More »
By David Shepardson WASHINGTON, Dec 12 – The U.S. Federal Aviation Administration said on Friday it will review Boeing’s proposed enhanced flight crew alerting system for the Boeing 737 MAX 10, which will include a synthetic enhanced angle-of-attack system and a means to shut off stall warning and overspeed alerts. In December 2022, Congress agreed …
US FAA to review Boeing cockpit alerting system for MAX 10 Read More »
By Anton Bridge and Miho Uranaka TOKYO, Dec 12 (Reuters) – Japan’s mergers and acquisitions market is set to maintain buoyant growth momentum into 2026, with increasing deal sizes supported by innovative financing structures involving private capital, a Goldman Sachs executive said. As Japan’s largest companies streamline business portfolios and target growth investments, financing structures …
Private finance structures to drive bumper Japan M&A into 2026, Goldman says Read More »
Dec 12 (Reuters) – Leaders at the U.S. Food and Drug Administration have pressed internally for reviewers to speed up their evaluation of Eli Lilly’s experimental weight‑loss pill, after the company pushed for a faster timeline, documents seen by Reuters show. The FDA Commissioner’s Office has said it wants to cut the time reviewers spend …
Exclusive-US FDA brass pushed internally for speedier Lilly weight-loss pill verdict Read More »
(Refiles to say Nasdaq 100, not Nasdaq’s 100, in headline) By Shashwat Chauhan Dec 12 (Reuters) – Bitcoin hoarding giant Strategy may be at risk of being removed from the Nasdaq 100 index at its annual reshuffle on Friday, amid questions over its business model that have weighed on its share price, some analysts flagged …
Analysts flag risks for Strategy at Nasdaq 100 index reshuffle Read More »
(Corrects paragraph 4 to clarify that Nasdaq’s plans are new) By Manya Saini, Niket Nishant and Anirban Sen NEW YORK, Dec 12 (Reuters) – Nasdaq filed a new rule on Friday that would allow the exchange to block IPOs even when companies meet all listing standards if it detects red flags that could make a …
Nasdaq submits new plan with more power to block IPOs vulnerable to manipulation Read More »
By Manya Saini, Niket Nishant and Tatiana Bautzer Dec 12 (Reuters) – Citigroup was upgraded by analysts at J.P. Morgan on Friday, in a vote of confidence from the Wall Street brokerage for the third-largest U.S. lender’s years-long turnaround efforts under CEO Jane Fraser. Fraser has steadily reshaped the bank’s business with a clear focus …
Citigroup’s turnaround progress wins a thumbs-up from J.P. Morgan Read More »
By Howard Schneider and Michael S. Derby WASHINGTON, Dec 12 (Reuters) – Federal Reserve officials who voted against the U.S. central bank’s interest rate cut this week said on Friday they are worried that inflation remains too high to warrant lower borrowing costs, particularly given the lack of recent official data about the pace of …
Two Fed dissenters cite inflation risk in votes against rate cut Read More »
