Reuters US Business

By Milana Vinn (Reuters) -Confluent is exploring a sale after attracting acquisition interest, according to three people familiar with the matter, the latest data infrastructure company to draw suitors for its potential in supporting artificial intelligence development. The software provider is working with an investment bank on the sale process, which is in its early …

Exclusive-Data streaming software maker Confluent explores sale, sources say Read More »

By Anshuman Tripathy (Reuters) -TopBuild Corp said on Wednesday it has acquired Specialty Products and Insulation (SPI) for $1 billion in cash, about a year after the two building materials makers terminated an initial agreement over antitrust concerns. Shares of the company rose more than 7% in morning trade. The transaction does not include SPI’s …

Roofing material firm TopBuild buys rival SPI after antitrust delay Read More »

(This story has been refiled to remove a picture.) By Tanay Dhumal (Reuters) -Cenovus Energy raised its bid for MEG Energy on Wednesday to C$8.6 billion ($6.17 billion), including debt, intensifying a takeover battle for the Canadian oil producer with rival Strathcona Resources. Cenovus raised its bid by C$2.35 to about C$29.80 per share, and …

MEG takeover fight intensifies as Canadian oil producer Cenovus raises bid Read More »

(Reuters) -Hyundai Motor is recalling 135,386 Santa Fe vehicles in the U.S. due to fire risk from an improperly installed starter motor increasing the risk of an electrical short during a crash, the U.S. National Highway Traffic Safety Administration said on Wednesday. (Reporting by Anusha Shah in Bengaluru; Editing by Mrigank Dhaniwala)

By Amina Niasse NEW YORK (Reuters) -Amazon said on Wednesday its pharmacy business in December will begin filling some prescriptions for common medications at electronic kiosks in its One Medical primary care locations, which the company says will reduce barriers to access and limit shipping costs. Amazon plans to start the offer with One Medical …

Amazon Pharmacy to launch electronic kiosks for prescriptions at One Medical locations Read More »

By David Shepardson WASHINGTON (Reuters) -Air traffic control staffing issues are delaying flights for a second straight day at numerous U.S. airports as the government shutdown reaches its seventh day, the Federal Aviation Administration said in a notice on Tuesday. More than 3,000 flights have been delayed, according to flight tracking data, as staffing shortages …

US air traffic control staffing hit for second day, delaying flights Read More »

By Svea Herbst-Bayliss and Abigail Summerville NEW YORK(Reuters) -US Foods has long had its eye on rival Performance Food, arguing a potential tie-up between the nation’s No. 2 and No. 3 food service distributors could lead to more growth, challenge industry leader Sysco and cut costs for consumers. But over the summer, overtures from US …

Analysis-Performance Food seems to warm to rival US Foods in play to create behemoth Read More »

BAGHDAD (Reuters) -Exxon Mobil signed an agreement with Iraq on Wednesday to help it develop its giant Majnoon oilfield and expand oil exports, government officials and sources said, marking the U.S. major’s return to the country two years after leaving. The non-binding agreement with Exxon, a U.S. major, follows a string of deals with other …

Iraq signs deal with Exxon to help develop large oilfield Read More »