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(Reuters) -The Trump administration has postponed a scheduled sale of coal leases on federal lands in Wyoming two days after a disappointing auction in Montana, an Interior Department spokesperson said on Wednesday. The Bureau of Land Management, a division of Interior that manages 245 million acres of federal lands, had been expected to keep processing …

US postpones Wyoming coal lease sale after disappointing Montana auction Read More »

By Anuj T (Reuters) -Alliance Laundry Systems was valued at nearly $4.83 billion after its shares jumped 11.4% in their New York debut on Thursday, making the private equity-backed commercial laundry equipment maker the latest to join a buoyant listings market. Shares of the Ripon, Wisconsin-based Alliance opened at $24.5 apiece, above the issue price …

Alliance Laundry valued at $4.8 billion on strong NYSE debut Read More »

WASHINGTON (Reuters) -U.S. mortgage rates fell this week, but an uncertain economic outlook and tepid hiring are keeping prospective homebuyers on the sidelines. The average rate on the popular 30-year fixed-rate mortgage dropped to 6.30% from 6.34% last week, mortgage finance agency Freddie Mac said on Thursday. It averaged 6.32% during the same period a …

US 30-year fixed mortgage rate falls; prospective buyers stay on the sidelines Read More »

By Rajesh Kumar Singh CHICAGO (Reuters) -Delta Air Lines said on Thursday robust demand for high-end travel and a sharp slowdown in the industry’s seat capacity expansion have positioned it well to increase revenue and expand margins next year.  The Atlanta-based airline also expects record earnings in the current quarter, after posting stronger-than-expected third-quarter profit on improved …

Premium demand, higher fares fuel Delta’s optimistic earnings outlook Read More »

By Deborah Mary Sophia (Reuters) -Serve Robotics said on Thursday it is partnering with DoorDash to deploy its sidewalk robots to fulfill orders on the food delivery platform, in a move to capture more customers and expand its reach beyond Uber Eats. Shares of the San Francisco-based robotics firm surged more than 25% in mid-day …

Delivery robot firm Serve Robotics partners with DoorDash to expand reach Read More »

(Corrects to remove reference to Nvidia being a lead investor in the funding round in paragraph 2) (Reuters) -Reflection AI, a startup backed by Nvidia, said on Thursday it has raised $2 billion in a new funding round that values the company at $8 billion, as investor interest in artificial intelligence remains unabated. The funding …

Nvidia-backed Reflection AI raises $2 billion in funding, boosts valuation to $8 billion Read More »

By Juveria Tabassum and Jessica DiNapoli (Reuters) -PepsiCo topped Wall Street expectations for third-quarter revenue and profit on Thursday, helped by steady demand for its snacks and sodas in key international markets and strength in its healthier drinks category in the United States. The company also named Steve Schmitt, who is currently U.S. finance head …

PepsiCo beats earnings estimates on steady demand for sodas and snacks, names new CFO Read More »