Reuters US Business

By Marianna Parraga HOUSTON (Reuters) – A Delaware court is inclined to deny a motion made last month by miner Gold Reserve to disqualify a rival bid  for the parent of Venezuela-owned refiner Citgo Petroleum from an affiliate of hedge fund Elliott Investment Management, Judge Leonard Stark said in a filing on Wednesday. The court …

US court inclined to deny motion to disqualify Elliott bid for Citgo parent Read More »

By Helen Reid LONDON (Reuters) -Zara owner Inditex reported a better start to its autumn sales on Wednesday, an encouraging sign as the world’s biggest listed fast-fashion retailer grapples with the impact of a weak dollar and U.S. tariffs on consumer spending. Sales from August 1 to September 8 grew 9% in currency-adjusted terms compared …

Zara owner Inditex reports better start to autumn sales, boosting shares Read More »

By Jarrett Renshaw (Reuters) -The White House is considering a plan that would require large oil refineries to cover around half or less of the biofuel blending requirements recently waived for smaller facilities, according to three sources familiar with the matter. The proposal submitted by the Environmental Protection Agency and now under review by the …

Exclusive-US biofuel plan would reallocate half or less of waived blending quotas, sources say Read More »

By David Shepardson and Allison Lampert WASHINGTON (Reuters) – Embraer said on Wednesday it has reached a deal for 50 firm orders for the Brazilian planemaker’s E195-E2 jets and purchase rights for another 50 with budget carrier Avelo Airlines, the first U.S. deal for the plane.  The announcement in Washington coincides with a major gathering …

Embraer announces first US order of 50 E195-E2 jets in deal with Avelo Airlines Read More »

By Stephen Nellis and Aditya Soni CUPERTINO, California (Reuters) – Apple CEO Tim Cook channeled his predecessor and design genius Steve Jobs on Tuesday when he unveiled the iPhone Air, the company’s slimmest handset yet and the biggest change in eight years to a lineup fans and analysts complained was stagnating. Cook kicked off the …

Slim iPhone Air may be a design win for Apple, but AI doubts linger, analysts say Read More »

By Rashika Singh and Akriti Shah (Reuters) – Barclays and Deutsche Bank raised their year-end targets for the S&P 500 on Wednesday, citing stronger corporate earnings, resilient U.S. economic growth and optimism around artificial intelligence. Deutsche Bank increased its target to 7,000 from 6,550, while Barclays raised its forecast to 6,450 from 6,050. The index …

Barclays, Deutsche Bank raise S&P 500 forecasts as bull run continues Read More »

By Angeliki Koutantou and Lefteris Papadimas ATHENS (Reuters) – U.S. oil major Chevron has submitted a bid to explore for natural gas in four blocks offshore Greece in a consortium with Greece’s Hellenic Energy, Greece’s Energy Minister Stavros Papastavrou said on Wednesday.  The country launched the tender this year after Chevron and oil refiner Hellenic …

Chevron bids in tender for gas exploration offshore Greece Read More »