Reuters US Business

By Stephen Nellis and Juby Babu Dec 17 (Reuters) – Micron Technology forecast second-quarter adjusted profit at nearly double what Wall Street analysts expected on Wednesday, as prices soar for memory chips amid tight supplies and booming demand from artificial intelligence data centers. Shares of the Boise, Idaho-based company were up 7% in extended trading …

Micron forecasts blowout earnings on booming AI market, shares rise 7% Read More »

By Elisa Martinuzzi, Lananh Nguyen and Tatiana Bautzer LONDON/NEW YORK, Dec 17 (Reuters) – The U.S. Federal Reserve has told Citigroup it has closed formal notices requiring the bank to fix trading risk management weaknesses, according to people with knowledge of the matter, a significant step in improving oversight and control deficiencies that have bogged …

Exclusive-US Fed terminates Citi notices that demanded bank improve risk controls, sources say Read More »

By Echo Wang, Arasu Kannagi Basil, Isla Binnie and Pritam Biswas Dec 17 (Reuters) – Medical supply giant Medline’s shares rose 41% above their offer price in their hotly anticipated New York debut on Wednesday, capping a strong year for new listings and fueling optimism for 2026. Shares of the company closed at $41 after …

Medline soars 41% in Nasdaq debut after 2025’s biggest IPO Read More »

By Joey Roulette and Mike Stone WASHINGTON, Dec 16 (Reuters) – The Trump administration is planning an executive order that would limit dividends, buybacks and executive pay for defense contractors whose projects are over-budget and delayed, according to three sources briefed on the order. President Donald Trump and the Pentagon have been complaining about the …

Trump targets defense giants’ shareholder payouts as cost overruns mount, sources say Read More »

Dec 17 (Reuters) – The Teamsters union said on Wednesday it opposes the proposed merger between U.S. freight railroads Union Pacific and Norfolk Southern. Union presidents representing nearly 20,000 workers at both the railroads said in a joint statement that they would not support any deal that fails to protect workers’ lives and livelihoods. The …

Union Pacific, Norfork Southern deal faces fresh pushback from Teamsters union Read More »

By Prakhar Srivastava Dec 17 (Reuters) – Andersen Group’s shares jumped about 31% in their debut on the NYSE on Wednesday, valuing the tax advisory firm at $2.3 billion, and CEO Mark Vorsatz said the listing gives the company new currency to pursue deals and fuel expansion. The stock of the company, long-associated with audit …

Tax firm Andersen valued at $2.3 billion as shares surge in NYSE debut Read More »

By Akash Sriram and Jaspreet Singh Dec 17 (Reuters) – Oracle said talks for an equity deal to support its Michigan data center project remain on schedule and do not include Blue Owl Capital, after a report of stalled negotiations with the crucial partner knocked its shares down 5% on Wednesday. The more than 1-gigawatt …

Oracle says Michigan data center project talks on track without Blue Owl Read More »