Reuters US Business

By Scott Murdoch SYDNEY (Reuters) -Nearly $40 billion worth of big ticket buyouts have collapsed in Australia this year – the most in fifteen years – as regulatory risk and misaligned valuations add to the growing challenges in navigating an increasingly stringent regulatory environment. An ADNOC-led consortium’s decision to walk away from its $18.7 billion …

Australia’s ‘maze of uncertainty’ scuttles $40 billion worth of M&A, clouds outlook Read More »

(Reuters) -RTX subsidiary Collins Aerospace is working on restoring its onsite passenger processing software for airlines after a cyber “intrusion” disrupted operations, the company said on Wednesday. Charlotte, North Carolina-based Collins Aerospace experienced a disruption on September 19 to its MUSE system, an airport platform that supports passenger check-in, baggage processing and boarding operations at …

Collins Aerospace working on restoring software for airlines hit by cyberattack Read More »

By Joey Roulette WASHINGTON (Reuters) -NASA has tapped startup Katalyst to save a $500 million orbiting observatory from falling into Earth’s atmosphere by launching a spacecraft meant to push it farther in space, a short-notice mission that will demonstrate space-docking technology at the center of the U.S.-China space rivalry. The U.S. space agency said on …

To save aging space observatory, NASA taps startup to push it farther in space Read More »

By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks closed lower for a second straight session on Wednesday, as investors booked profits with indexes near record levels after Federal Reserve Chair Jerome Powell flagged potentially stretched stock prices and ahead of a reading on inflation later in the week. Investors are trying to gauge the trajectory …

Equities end lower as valuation concerns creep in​ Read More »

By David Shepardson WASHINGTON (Reuters) -The U.S. Commerce Department said on Wednesday it has opened new national security investigations into the import of personal protective equipment, medical items, robotics and industrial machinery. The “Section 232” investigations, which were opened on September 2 but not publicly disclosed previously, could be used as a basis for even …

US opens tariff probes into medical equipment, robotics, industrial machinery Read More »

By Davide Barbuscia NEW YORK (Reuters) -U.S. bond firm DoubleLine said on Wednesday it is using a variety of official and private data sources to assess the health of the U.S. economy, as it is worried about a decline in the quality of data published by the U.S. Bureau of Labor Statistics. In August the …

DoubleLine takes multi-pronged approach to US economy as official jobs data under scrutiny Read More »

(Reuters) -Oracle is aiming to raise $18 billion in debt, a regulatory filing showed on Wednesday, as the company looks to invest heavily in building out cloud infrastructure to cater to burgeoning AI demand. The company has been ramping up spending to deliver on cloud infrastructure contracts with the likes of OpenAI, deals that are …

Oracle looks to raise $18 billion in debt Read More »

By Ann Saphir (Reuters) -San Francisco Federal Reserve Bank President Mary Daly said on Wednesday she “fully supported” the decision by the Fed to cut its policy rate last week and expects further reductions ahead. “Will they come right now, this year or going forward?” Daly said at the University of Utah’s David Eccles School …

Fed’s Daly: Further rate cuts will likely be needed Read More »