Reuters US Business

By Dan Catchpole (Reuters) – Boeing Defense and the machinists union have reached a tentative deal to end a five-week-long strike in the St. Louis area, union officials announced on Wednesday. A vote on Boeing’s five-year contract offer is scheduled for Friday, according to the International Association of Machinists and Aerospace Workers. IAM District 837’s …

Boeing Defense, union reach tentative deal to end strike in St. Louis area Read More »

By Lucia Mutikani WASHINGTON (Reuters) – U.S. producer prices unexpectedly fell in August amid a compression in trade services margins and mild increase in the cost of goods, suggesting that domestic firms were probably absorbing some of the tariffs on imports.  The lack of strong producer price pressures, despite import duties, could also be signaling …

Cooler US producer inflation hints at softening demand Read More »

By Akash Sriram and Akriti Shah (Reuters) – Oracle shares surged about 43% to a record high on Wednesday, putting the company on track to join the elite trillion-dollar club and propelling co-founder Larry Ellison closer to the top of the world’s richest list. The company unveiled four multi-billion-dollar contracts on Tuesday, amid an industry-wide …

Oracle soars on AI cloud gains, Ellison closes in on Musk as world’s richest Read More »

By Marc Frank and Nelson Acosta HAVANA (Reuters) – Communist Cuba’s National Electric Union said power was slowly being restored Wednesday evening on the Caribbean Island after the grid collapsed at 9:14 a.m. local time. State-run media reported airports and essential services such as hospitals and water pumps were up and running thanks to backup …

Cuba says power slowly returning after nationwide blackout Read More »

(Reuters) – Merck said on Wednesday it was scrapping research operations in London, citing the UK’s challenging business environment, and would relocate the research activity to existing sites primarily in the United States. The U.S. drugmaker no longer plans to occupy the Belgrove House site at King’s Cross, which was due to open in 2027. …

Merck to scrap London drug research centre Read More »

(Reuters) – Netflix said on Wednesday that Eunice Kim, its chief product officer since 2023, will leave the company. Chief Technology Officer Elizabeth Stone will take on the role in the interim. Kim, who joined Netflix in 2021 to lead its consumer product innovation team, spearheaded a redesign of the streaming giant’s connected-TV interface unveiled …

Netflix’s chief product officer Eunice Kim to leave Read More »

By Doyinsola Oladipo and Allison Lampert WASHINGTON (Reuters) – JetBlue Airways CEO Joanna Geraghty said on Wednesday that 2025 has been challenging, dealing a setback to efforts to boost profitability, but that the New York-based carrier is better positioned to serve premium customers than other airlines now trying to move upmarket.  Across the industry, carriers …

JetBlue CEO says company is better positioned to serve premium travelers Read More »