Reuters US Business

By Sheila Dang HOUSTON (Reuters) -Chevron CEO Mike Wirth told employees on Wednesday that he believes the company will outperform publicly stated financial targets given to investors following the acquisition of smaller oil producer Hess. The No. 2 U.S. oil producer closed its $55 billion purchase of Hess in July after triumphing in a lengthy …

Chevron expects Hess acquisition to outperform targets, CEO tells employees Read More »

OTTAWA (Reuters) -Canadian Prime Minister Mark Carney on Wednesday said he had “a meeting of minds” with U.S. President Donald Trump on the future of the steel and aluminum sectors as well as on energy sector cooperation. “(This) is why our teams are negotiating the terms of those deals, and we are working … on …

Carney says he had ‘meeting of minds’ with Trump on steel, aluminum Read More »

By Howard Schneider WASHINGTON (Reuters) -Federal Reserve officials agreed at their recent policy meeting that risks to the U.S. job market had increased enough to warrant an interest rate cut, but remained wary of high inflation amid a debate about how much borrowing costs were weighing on the economy, minutes of the September 16-17 session …

Fed last month saw rising risks to job market, but remained wary on inflation Read More »

By David Shepardson WASHINGTON (Reuters) -A group representing major U.S. airlines said it is imperative the Federal Aviation Administration accomplish some “quick wins” in the $12.5 billion overhaul of the aging air traffic control system, according to a letter seen by Reuters on Wednesday. Airlines for America CEO Chris Sununu in a previously unreported letter …

US airlines say it is ‘imperative’ FAA get quick wins in air traffic overhaul Read More »

By Daniel Wiessner (Reuters) -Elon Musk and X Corp have reached a settlement in a lawsuit by four former top executives at Twitter, including former CEO Parag Agrawal, who claim they were not paid $128 million in promised severance pay after Musk acquired the social media company and fired them. The terms of the settlement, …

Musk’s X settles ex-Twitter executives’ $128 million severance pay lawsuit Read More »

By Manya Saini (Reuters) -Investment bank Jefferies disclosed on Wednesday that its Leucadia Asset Management fund holds about $715 million in receivables linked to bankrupt auto-parts maker First Brands Group. Shares of the bank were last down 2% in afternoon trading. First Brands filed for bankruptcy protection late last month, listing more than $10 billion …

Jefferies discloses fund exposure to bankrupt First Brands, shares fall Read More »