Reuters US Business

HELSINKI (Reuters) – Finnish refiner Neste said on Tuesday its billion-dollar investment in a joint venture with U.S.-based oil company Marathon Petroleum Corp would make it the world’s first and only renewable fuels maker with global capacity. Marathon Petroleum and Neste announced on Tuesday they would convert Marathon’s Martinez, California, refinery into a renewable fuels …

Neste says to become first global renewable fuels producer Read More »

WASHINGTON (Reuters) -Facebook whistleblower Frances Haugen plans to attend U.S. President Joe Biden’s first State of the Union address to Congress on Tuesday night, the White House said, as it seeks to highlight mental health problems facing young people. Haugen, a former Facebook Inc product manager, revealed her identity as the whistleblower who provided the …

Facebook whistleblower to attend Biden’s State of the Union address -White House Read More »

(Reuters) – Salesforce.com Inc on Tuesday reported quarterly revenue above Wall Street estimates, as a pandemic-led shift to hybrid work kept up the strong demand for its cloud-based software. Shares of the San Francisco, California-based company rose 5.3% in extended trading. Companies like Salesforce reaped the benefits of the pandemic, with organizations doubling down on …

Salesforce beats quarterly revenue estimates Read More »

(Reuters) – Nordstrom Inc forecast full-year profit and revenue above Wall Street estimates on Tuesday, as it bets on strong demand for its clothing and footwear, sending its shares up 34% in extended trading. The company, which started as a shoe store in 1901, said it expects to be in a position to return cash …

Nordstrom forecasts full-year profit, revenue above estimates Read More »

By Yuka Obayashi and Noah Browning TOKYO (Reuters) – The United States and other member states of the International Energy Agency (IEA) on Tuesday agreed to release 60 million barrels of oil reserves to compensate for supply disruptions following Russia’s invasion of Ukraine. Russian oil trade is in disarray after many nations imposed sanctions on …

U.S., allies set oil reserves release as prices soar Read More »

By Devik Jain and Noel Randewich (Reuters) – Wall Street ended sharply lower on Tuesday, with financial stocks bearing much of the damage for a second straight day as the Russia-Ukraine crisis deepened and stirred anxiety among investors. Ten of the 11 S&P 500 sector indexes fell, led by financials, down 3.7%. Wells Fargo tumbled …

Wall Street ends sharply lower as Ukraine crisis sows fear Read More »

By Howard Schneider (Reuters) – The Federal Reserve’s plan to end the loose money policies used to fight the coronavirus pandemic is facing an unexpectedly early test as the Russian invasion of Ukraine poses new economic and financial risks already being felt in global markets. Fed Chair Jerome Powell is scheduled to testify before Congress …

Global risks cloud Fed’s policy pivot as Powell heads to Congress Read More »

(Reuters) – Nike Inc has made merchandise purchases on its website and app unavailable in Russia as it cannot guarantee delivery of goods to customers in the country, an update on the sportswear maker’s website showed on Tuesday. This is the latest response by a U.S. company to Russia’s invasion of Ukraine, with Hollywood studios …

Nike makes online sales unavailable in Russia Read More »

(Reuters) -Apple Inc said on Tuesday it has paused all product sales in Russia in response to the Russian invasion of Ukraine. “We are deeply concerned about the Russian invasion of Ukraine and stand with all of the people who are suffering as a result of the violence,” Apple said in a statement. “We are …

Apple says it halts all product sales in Russia Read More »

By Paresh Dave OAKLAND, Calif. (Reuters) -Alphabet Inc’s Google confirmed on Tuesday that it had removed Russian state-funded publishers such as RT from its news-related features, including the Google News search tool, following Russia’s invasion of Ukraine and various sanctions against Russia. Kent Walker, Google’s president of global affairs, said earlier Tuesday in a blog …

Google drops RT, other Russian state media from its news features Read More »