Reuters US Business

By Abhinav Parmar (Reuters) -Warehouse-focused real estate investment trust Prologis beat Wall Street estimates for third-quarter revenue and funds from operations on Wednesday, helped by robust demand for its storage facilities. The San Francisco, California-based company also raised its 2025 core FFO forecast to a range of $5.78 per share to $5.81 per share, from …

Prologis tops quarterly estimates on strong warehouse leasing Read More »

By Jody Godoy (Reuters) -A group of U.S. states said they may seek to block Hewlett-Packard Enterprise’s $14 billion acquisition of Juniper Networks and have asked a judge for permission to intervene in a case where the U.S. Department of Justice has proposed to settle and let the deal move forward. Colorado Attorney General Phil …

HPE’s $14 billion Juniper acquisition could face state challenge  Read More »

By Christy Santhosh and Kamal Choudhury (Reuters) -Abbott missed analysts’ third-quarter revenue estimates on Wednesday, as weakness in its diagnostics and nutrition businesses outweighed robust demand for its medical devices. The company had flagged volatility in the businesses as it navigates a sharp decline in COVID-19 testing demand, new U.S. tariffs, and a freeze on …

Abbott revenue misses as diagnostics, nutrition weakness clouds medical devices lift Read More »

(Reuters) -Nissan is recalling 173,301 vehicles in the United States due to a potential issue with blown fuel pump fuses that can cause engine stalling, the U.S. National Highway Traffic Safety Administration said on Wednesday. The fuel tank temperature sensor harness may have been incorrectly routed, damaging wires and causing a short circuit in the …

Nissan to recall more than 173,000 US vehicles over fuel pump issue Read More »

By Pritam Biswas, Saeed Azhar and Prakhar Srivastava (Reuters) -Bank of America beat Wall Street estimates for profit, benefiting from bumper third-quarter investment banking, and upgraded its outlook for net interest income, sending its shares up 5% in early trading.  The second-largest U.S. bank sees fourth-quarter NII between $15.6 billion and $15.7 billion, up about …

Bank of America beats profit estimates on dealmaking strength, upgrades NII forecast Read More »

(Corrects spelling of Matt Hershenson’s name in paragraph 4) By Stephen Nellis SAN FRANCISCO (Reuters) -Vertical Semiconductor, a startup spun out of the Massachusetts Institute of Technology, on Wednesday said it raised $11 million in funding to commercialize chip technology that can deliver electricity to artificial intelligence servers more efficiently. Vertical makes chips out of a material …

MIT spinout Vertical Semiconductor raises $11 million for AI power chip tech Read More »

By Pooja Menon and Pranav Mathur (Reuters) -U.S. grain trader and processor Bunge on Wednesday lowered its 2025 earnings forecast following its merger with Viterra, and said it is overhauling segment and volume reporting to align with its integrated operations. Shares of the company, however, rose 11.6% in early trading. UBS analyst Manav Gupta said …

Grain trader Bunge lowers 2025 profit forecast after closing Viterra deal Read More »