Reuters US Business

(Reuters) -Paramount Skydance will begin mass layoffs the week of October 27, eliminating around 2,000 U.S. jobs as part of a $2 billion cost-cutting plan under new CEO David Ellison, Variety reported on Saturday. The layoffs follow the $8.4 billion merger between Skydance Media and Paramount Global, which closed in August. Additional international job cuts …

Paramount Skydance to cut 2,000 US jobs starting week of October 27, Variety reports Read More »

By Paul Sandle, Michael Kahn, Byron Kaye and Dawn Chmielewski LONDON/PRAGUE/SYDNEY/LOS ANGELES (Reuters) -“Star Wars: Starfighter” is filming in Britain, soundstages in Hungary are packed and post-production houses in Australia are humming, as the global film industry keeps rolling despite U.S. President Donald Trump’s renewed threats to impose tariffs on movies made outside of the …

Global film industry shrugs off renewed Trump movie tariff threat Read More »

By David Shepardson and Dan Catchpole WASHINGTON/SEATTLE (Reuters) -Boeing won approval on Friday to raise its 737 MAX production to 42 planes per month, the Federal Aviation Administration said, easing a 38-plane cap in place since January last year and boosting its efforts to shore up its finances and move past concerns over safety and …

Boeing wins FAA approval to hike 737 MAX production to 42 planes per month Read More »

By David Shepardson WASHINGTON (Reuters) -U.S. President Donald Trump on Friday signed orders expanding credits for U.S. auto and engine production and setting new 25% tariffs on imported medium- and heavy-duty trucks and parts starting November 1. The tariffs, which the orders say are being made on national security grounds, are aimed at shifting more …

Trump approves expanding credits for US auto production, issues new 25% truck duties Read More »

By Noel Randewich and Twesha Dikshit (Reuters) -Wall Street ended higher on Friday as investors assessed U.S. President Donald Trump’s latest remarks on China, while quarterly results from regional banks eased concerns about credit risks.  Trump said his proposed 100% tariff on goods from China would not be sustainable, but blamed Beijing for the latest …

Wall Street ends higher as investors digest Trump trade comments Read More »

(Reuters) -Grupo Aeroméxico said on Friday it was targeting a valuation of up to $2.92 billion in its U.S. initial public offering, as the Mexican carrier looks to go public again after over two years. Mexico City-based Aeroméxico and some of its existing shareholders are seeking up to $234.5 million by offering 11.7 million American …

Apollo-backed Aeroméxico seeks up to $2.9 billion valuation in US IPO Read More »

(Reuters) -Colombier Acquisition Corp. III, a blank-check firm backed by Omeed Malik, filed for an initial public offering in the United States on Friday.  The Palm Beach, Florida-based company plans to offer 26 million shares priced at $10 each and is seeking to raise $260 million. U.S. President Donald Trump’s son Donald Trump Jr. is …

SPAC backed by Trump Jr., Omeed Malik, Palihapitiya files for $260 million US IPO Read More »

By AJ Vicens (Reuters) -Envoy Air, American Airlines’ largest regional carrier, suffered a hack in recent days as part of the wave of extortion attempts from hackers exploiting Oracle E-Business Suite applications, the company confirmed on Friday. A spokesperson for the Irving, Texas-based company, which operates more than 160 aircraft on 875 daily flights, said in …

Envoy Air targeted in Oracle-linked hacking campaign Read More »

By Dan Catchpole and Nathan Gomes (Reuters) -A union representing more than 3,200 striking Boeing workers who assemble fighter jets and munitions said on Friday it and the company had agreed to resume contract discussions with help from a federal mediator next week. The announcement came one day after the union filed an unfair labor practice charge …

Boeing, striking union to resume contract talks on Monday with federal mediator Read More »