By Sheila Dang and Ross Kerber HOUSTON/BOSTON (Reuters) – Exxon Mobil is introducing a unique shareholder voting mechanism that will allow retail investors to automatically cast ballots in step with board recommendations during annual meetings, a move that may help the top U.S. oil producer fend off activist campaigns. On Monday, the U.S. Securities and Exchange …
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(Reuters) – Blackstone said on Monday it has agreed to buy a natural gas plant in Western Pennsylvania for nearly $1 billion, as the investment firm bets on rising U.S. electricity demand to power artificial intelligence technologies. U.S. power demand is projected to reach record levels in 2025, driven by data centers for AI and …
Blackstone to buy Pennsylvania power plant for about $1 billion Read More »
LONDON (Reuters) -The U.S. Defense Logistics Agency is planning to buy more than five million pounds of bismuth metal over the next five years to secure supplies of the material last held in the national stockpile nearly three decades ago. Bismuth metal has numerous applications in metallurgy and defense, according to the agency, including in …
US agency tenders to buy bismuth for defense stockpiles Read More »
By Neil J Kanatt (Reuters) – Tyson Foods said on Monday it will stop using certain ingredients, like high-fructose corn syrup, in its products by the end of 2025 in the U.S. Food companies are seeking alternative ingredients in response to Health Secretary Robert F. Kennedy Jr.’s “Make America Healthy Again” campaign that aims to …
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By Jody Godoy (Reuters) – Chegg Inc has agreed to pay $7.5 million to settle U.S. Federal Trade Commission claims that the educational technology company made it difficult to cancel subscriptions, according to court papers filed in San Jose, California, on Monday. Chegg buried cancellation options behind multiple menus on its website, according to the …
Chegg pays $7.5 million to settle FTC claims its services were hard to cancel Read More »
By Pooja Menon and Sumit Saha (Reuters) -Corteva shares fell about 4% on Monday after a report the U.S. agrichemicals company was looking to separate its seed and crop protection chemical businesses stoked concerns about potential operational disruption and value dilution. The combined business model has historically delivered strong synergies, including co-developed seed traits and …
Corteva shares fall as potential split report stirs worries over operational disruptions Read More »
By Howard Schneider WASHINGTON (Reuters) -Federal Reserve officials are preparing to gather on Tuesday for a two-day meeting amid rising concerns about the central bank’s independence and uncertainty about the composition of its policy-setting committee, as President Donald Trump pushes ahead with a rushed effort to overhaul a pillar of the U.S. economy. A federal …
Trump’s push to overhaul Fed casts long shadow over policy meeting Read More »
(Reuters) – Intel said on Monday it has lowered its full-year 2025 adjusted operating expense target to $16.8 billion, from $17 billion earlier, to reflect the deconsolidation of its programmable chip business, Altera. Shares of the struggling chipmaker rose nearly 4% as the trimmed projected expenses provided investors with some respite after burgeoning costs left …
Intel trims full-year expense outlook following Altera stake sale Read More »
Sep 15 (Reuters) -Mexico launched on Monday a three-tranche bond issue for up to 5 billion euros ($5.88 billion) to partially finance a $9.9 billion bond buyback from state-run oil company Pemex, LSEG’s fixed-income news service IFR reported. The issue consists of four-year bonds for up to 2.25 billion euros, eight-year bonds for 1.5 billion …
Mexico launches 5-billion-euro bond issue to partially fund Pemex bond buyback Read More »
(Reuters) – CoreWeave has signed a $6.3 billion initial order with backer Nvidia, the data center operator said on Monday, in a deal that guarantees that the AI chipmaker will purchase any cloud capacity not sold to customers. Shares of CoreWeave rose 8% as the deal cements the company’s position as a key Nvidia cloud …
CoreWeave, Nvidia sign $6.3 billion cloud computing capacity order Read More »
