Reuters US Business

By Rashika Singh and Anshuman Tripathy (Reuters) -Shares of Fluor Corp rose 2% on Tuesday after a Reuters report that activist investor Starboard Value took a nearly 5% stake aiming to unlock value from the construction firm’s 40% holding in NuScale Power <SMR.N>. Shares of NuScale Power were down 12%. Analysts at Citigroup said Starboard’s …

Fluor shares gain on report of Starboard acquiring stake, urging NuScale holding review Read More »

By Svea Herbst-Bayliss NEW YORK (Reuters) -Starboard Value CEO Jeff Smith said Tuesday Tripadvisor should consider selling its restaurant booking platform TheFork and possibly the entire company. Smith, speaking at the annual 13D Monitor Active Passive Investment Summit in New York, said Tripadvisor has an “amazing” brand, but “there is a huge opportunity to transform …

Starboard’s Smith says Tripadvisor should consider selling its restaurant booking platform Read More »

By Sabrina Valle and Mariam Sunny (Reuters) -Private equity firms Blackstone and TPG on Tuesday said they will buy medical diagnostics firm Hologic for $18.3 billion including debt, in the largest medical devices deal in almost two decades. The buyout shows how the split in market valuations in the United States – companies in AI …

Blackstone, TPG to take medtech Hologic private for $18.3 billion Read More »

By Purvi Agarwal and Arpan Varghese (Reuters) -Prominent consumer-facing companies Coke, 3M, General Motors and Philip Morris all flagged consumer resilience in their earnings reports on Tuesday – depending on the consumer. Case in point: industrial conglomerate 3M raised its profit expectations for 2025, while also flagging weakness in the consumer and housing sectors that …

Early consumer earnings make the wealth effect clear Read More »

HOUSTON (Reuters) -Venture Global has asked federal regulators for permission to introduce natural gas by Thursday into the final block of its Plaquemines LNG plant, according to a regulatory filing on Monday. If the Federal Energy Regulatory Commission grants the permission, Venture Global will soon be producing LNG from its entire Plaquemines plant, more than …

Venture Global ready to introduce natural gas into final part of Plaquemines LNG plant, filing shows Read More »

By Pete Schroeder WASHINGTON (Reuters) -The U.S. Federal Reserve is studying the creation of a new account that would provide access to Fed payment services for firms that currently rely on third parties like banks for that access, a senior official said on Tuesday. Fed Governor Christopher Waller said the so-called “payment account” is a …

Waller says Fed staff studying streamlined ‘payment accounts’ Read More »

By Prerna Bedi and Emma Rumney (Reuters) -The cost of Philip Morris’ efforts to drive uptake of key nicotine pouch brand Zyn spooked investors on Tuesday, fuelling fears about future sales even after higher third-quarter growth. Shares in the world’s largest tobacco company by market capitalization dropped by more than 9% by 1439 GMT after …

Philip Morris boosts Zyn sales in third quarter, but at a cost Read More »