Reuters US Business

By Chibuike Oguh (Reuters) -Apollo Global Management Inc posted a 52% jump in fourth-quarter distributable earnings on Friday on the back of strong growth in management and advisory fees in its credit business and said it was not worried about interest rate rises. The New York-based firm said its distributable earnings, which is cash available …

Apollo Global’s Q4 earnings surge 52% on credit management fees Read More »

By Francesco Guarascio and Wendell Roelf BRUSSELS/CAPE TOWN (Reuters) -The European Union and the Gates Foundation are set to announce financial support for nascent efforts to set up an African medicines regulator to boost the continent’s drugs and vaccine production, a person familiar with the matter told Reuters. The treaty establishing the African Medicines Agency …

Exclusive-EU, Gates Foundation to support African medicines agency -source Read More »

By Anne Kauranen, Essi Lehto and Mike Stone HELSINKI/WASHINGTON (Reuters) -Finland has sealed a deal to buy dozens of F-35 stealth warplanes from the United States, in a sign of its military’s close ties with NATO at a time of high tension between the West and Russia in Europe. The northern European nation – which …

Finland seals deal for U.S. F-35 stealth jets, reflecting tight ties to NATO Read More »

By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer sentiment fell to its lowest level in more than a decade in early February amid expectations that inflation would continue to increase in the near term, but that was unlikely to derail spending against the backdrop of excess savings and a strengthening labor market recovery. The decline in …

U.S. consumer sentiment hit more than 10-year low; inflation fears mount Read More »

By Arunima Kumar and Rod Nickel (Reuters) -Enbridge Inc reported a nearly 4% jump in fourth-quarter profit on Friday, as a recovery in fuel demand boosted the Canadian pipeline operator’s oil transportation volumes, but it missed earnings expectations. Pipeline operators have benefited from a pick-up in volumes with crude prices trading at multi-year highs. Oil …

Canadian pipeline operator Enbridge reports higher profit as oil volumes rise Read More »

By David Shepardson WASHINGTON (Reuters) -The U.S. Transportation Department said on Friday it was offering $69 million to 127 aviation manufacturing and repair businesses under a COVID-19 relief program created by Congress in 2021. In total, the department has offered $673 million nationwide in three rounds of awards. Some previously offered awards were not ultimately paid. The $3 …

U.S. offers $69 million in aviation manufacturing assistance Read More »

By Shivansh Tiwary (Reuters) – Auto parts maker Magna International Inc said on Friday disruptions at the Ambassador bridge caused by Canadian trucker protests against coronavirus mandates have started to have some initial impact on its operations. The protesters, who have caused a gridlock in the Canadian capital since late January, have since Monday used …

Auto parts maker Magna sees initial hit from Canadian bridge blockade Read More »

By Svea Herbst-Bayliss BOSTON (Reuters) – US Foods Holding Corp said on Friday it has split its chief executive officer and chairman roles after coming under pressure from an activist investment firm to improve its operations. Pietro Satriano will remain the company’s CEO and have a board seat, while Robert Dutkowsky, the board’s lead independent …

US Foods splits chief executive officer and chairman roles Read More »