Reuters US Business

By Sabrina Valle and Katha Kalia (Reuters) -U.S. land managers Rayonier and PotlatchDeltic said they would merge on Tuesday in an all-stock deal worth about $8.2 billion, including debt, forming the country’s second-largest publicly traded timber and wood products company.  The merger was announced by the companies on the same day the Trump administration began …

Rayonier, PotlatchDeltic to form timber products giant in $8.2 billion merger Read More »

By Diana Novak Jones (Reuters) -A U.S. judge on Tuesday rejected Humana’s bid to challenge the Centers for Medicare & Medicaid Services’ 2025 ratings for its Medicare Advantage plans, which could cost the health insurance company millions of dollars in bonus payments from the government.  U.S. District Judge Reed O’Connor in Fort Worth, Texas, sided …

Humana loses challenge to 2025 Medicare Advantage ratings Read More »

By Anshi Sancheti, Juveria Tabassum and Waylon Cunningham (Reuters) -Domino’s Pizza beat expectations for quarterly profit and U.S. same-store sales on Tuesday, driven by promotions and new menu items as consumers tighten their budgets amid economic uncertainty. Persistent inflation and repeated menu price hikes have prompted consumers to prioritize value when dining out or ordering …

Domino’s Pizza tops quarterly results estimates as US consumers seek value meals Read More »

By Foo Yun Chee BRUSSELS (Reuters) -Boeing secured EU antitrust approval on Tuesday for its $4.7 billion acquisition of Spirit AeroSystems after agreeing to sell some Spirit businesses to address competition concerns. The deal announced last year aims to help Boeing streamline its operations and improve quality control, years after it spun off the airline …

Boeing gains EU antitrust nod for $4.7 billion Spirit AeroSystems deal Read More »

(Reuters) – The Dow and the S&P 500 turned positive on Tuesday after Federal Reserve Chair Jerome Powell said the central bank may soon end its balance sheet runoff, easing investor concerns over tight financial conditions. At 12:27 p.m. ET, the Dow Jones Industrial Average rose 216.82 points, or 0.47%, to 46,284.03, the S&P 500 …

Dow, S&P 500 turn positive as Powell says end of balance sheet drawdown is near Read More »

(Reuters) -Goldman Sachs has informed employees of potential job cuts and a hiring slowdown through the end of the year, according to an internal memo seen by Reuters, as the Wall Street giant aims to use artificial intelligence to enhance productivity.  Calling the initiative “OneGS 3.0”, the memo said some of the priorities for its …

Goldman Sachs eyes layoffs and hiring slowdown amid AI push, memo shows Read More »

By Arasu Kannagi Basil and Prakhar Srivastava (Reuters) -Wells Fargo on Tuesday beat Wall Street estimates for third-quarter profit and raised its closely watched profitability target after regulators removed an asset cap on the bank, paving the way for it to pursue growth.   The U.S. Federal Reserve lifted the lender’s seven-year, $1.95 trillion asset cap …

Wells Fargo tops profit estimates, raises return target after asset cap lifted Read More »

By Manya Saini and Nupur Anand (Reuters) -JPMorgan Chase raised its full-year forecast for net interest income on Tuesday, after strong performance in its trading and investment banking businesses helped it beat expectations for third-quarter profit. Economic resilience despite tariff war risks and hopes of U.S. interest rate cuts have prompted companies to strike big …

JPMorgan lifts interest income forecast after profit beats estimates Read More »

By Saeed Azhar and Ateev Bhandari NEW YORK (Reuters) -Goldman Sachs beat Wall Street expectations for third-quarter profit on Tuesday, as its investment bankers earned higher advisory fees and rallying markets boosted revenue from managing client assets. The bank’s prediction for a banner year for dealmaking has materialized as corporations revive plans for mergers and …

Goldman’s profit beats estimates as dealmaking rebound boosts investment banking Read More »

By Dan Catchpole SEATTLE (Reuters) -Boeing delivered 55 jets in September, up from 33 a year earlier when a strike by 33,000 factory workers in the Northwest curtailed production, the planemaker said on Tuesday. The total, broadly steady from August’s 57 deliveries, marked Boeing’s strongest September since 2018, when it handed over 87 jets but …

Boeing delivers 55 jets in September but trails Airbus Read More »