Reuters US Business

By Georgina McCartney, Arathy Somasekhar and Ernest Scheyder HOUSTON (Reuters) -U.S. oil and gas producer ConocoPhillips will cut 20-25% of its workforce as part of a broad restructuring, a company spokesperson said on Wednesday, after five sources told Reuters that CEO Ryan Lance detailed the plans in a morning video message. Shares of the third-largest …

ConocoPhillips says it will cut workforce by 20-25%, shares fall Read More »

By Akash Sriram and Rashika Singh (Reuters) -Alphabet shares closed more than 9% higher on Wednesday after a U.S. judge ruled against breaking up the Google parent, clearing a major regulatory overhang and adding about $210  billion to the company’s market value. The ruling on Tuesday by Judge Amit Mehta allows Google to retain control …

Alphabet shares surge after dodging antitrust breakup bullet Read More »

(Corrects spelling of flyers in 2nd and 6th paragraphs) By Doyinsola Oladipo NEW YORK (Reuters) -Frontier Airlines is seeking to lure premium flyers of other airlines, who may feel dissatisfied with their current loyalty perks, by offering new travel incentives, according to a top executive of the ultra-low-cost carrier.   Frontier is betting that limited-time offers …

Frontier Airlines’ new perks target loyalty members of rivals, exec says Read More »

By Lucia Mutikani WASHINGTON (Reuters) -U.S. job openings fell to a 10-month low in July and there were more unemployed people than positions available for the first time since the COVID-19 pandemic, data consistent with easing labor market conditions and supporting expectations the Federal Reserve would cut interest rates this month. Despite cooling demand for …

US labor market softening as job openings hit 10-month low, hiring remains tepid Read More »

LONDON (Reuters) -The United States has told countries to reject a United Nations’ marine fuel emissions-cutting deal or face tariffs, visa restrictions and port levies, U.S. and European officials and sources told Reuters. The Trump administration is looking to boost U.S. economic might, including by taking a bigger role in global shipping, and has used …

US tells countries to reject UN ship fuel emissions deal or face tariffs, sources say Read More »

By Mike Scarcella (Reuters) -Newsmax sued its larger news rival Fox Corp in federal court in Florida on Wednesday, accusing the media giant of suppressing competition in the U.S. market for right-leaning pay TV and leaving consumers with less choice. The lawsuit in West Palm Beach alleged Fox and its affiliate Fox News Network violated …

Newsmax sues Fox, claiming TV distribution deals strangled business Read More »

By Ann Saphir (Reuters) -U.S. economic activity and employment were mostly little changed or unchanged in recent weeks while prices rose moderately or modestly, the Federal Reserve said on Wednesday, a mixed report that highlighted the impact of tariffs and other Trump administration policies on households and businesses as the central bank weighs a cut in …

Fed report spotlights strains felt by US businesses, households Read More »

By Michael S. Derby and Ann Saphir (Reuters) -Several Federal Reserve officials who spoke on Wednesday said labor market worries continue to animate their belief that rate cuts still lie ahead for the central bank. “I’ve been clear that I think we should be cutting at the next meeting,” Federal Reserve Governor Christopher Waller said …

Fed officials, worried about jobs, muse on rate-cut prospects Read More »