Reuters US Business

By Blake Brittain (Reuters) -Jazwares, the Berkshire Hathaway-owned maker of Squishmallows, has agreed to end a lawsuit against Build-A-Bear Workshop over its alleged knockoffs of the popular plush toys, according to a filing in Los Angeles federal court. Jazwares and Build-A-Bear asked the court on Friday to dismiss their dispute with prejudice, which means it …

Squishmallows maker, Build-A-Bear call truce in plush toy legal battle Read More »

By Lucia Mutikani WASHINGTON (Reuters) -Sales of new U.S. single-family homes fell in July following a sharp upward revision to the prior month’s sales pace, and the overall trend remained consistent with a housing market struggling in an environment of high mortgage rates. The report from the Commerce Department on Monday bolstered economists’ expectations that …

New US home sales fall as high borrowing costs stifle housing demand Read More »

By Tatiana Bautzer, Saeed Azhar and Isla Binnie NEW YORK (Reuters) -Wall Street banks have hired dozens of senior executives in recent months, as improved economic sentiment has spurred mergers and IPOs after a lull earlier in the year due to concerns over the effect of U.S. tariffs. The surge in job-hopping, which typically occurs …

Wall Street hires more senior bankers as growing confidence spurs deal rebound Read More »

By Mateusz Rabiega and Juveria Tabassum (Reuters) -U.S. soft drinks giant Keurig Dr Pepper is set to create a global coffee giant to rival market leader Nestle with an $18 billion takeover of JDE Peet’s, Europe’s largest acquisition in more than two years. The deal, announced on Monday and offering a 20% premium to JDE …

Keurig Dr Pepper brews coffee challenge to Nestle with $18 billion JDE Peet’s takeover Read More »

By David Shepardson and Arsheeya Bajwa WASHINGTON (Reuters) -Intel said on Monday that the U.S. government’s 9.9% stake in the chipmaker could pose risks to its business, from potentially harming international sales to limiting its ability to secure future government grants. The company laid out new risk factors in a securities filing after the government decided …

Intel warns US stake could hurt international sales, future grants Read More »

By Joel Jose (Reuters) -Jefferies raised its year-end target for the S&P 500 index to 6,600, citing robust second-quarter corporate earnings, easing concerns about the health of the U.S. economy. Previously, the brokerage’s target was 5,600, and was the sole firm projecting the benchmark index below the 6,000 mark. UBS, Citigroup, and HSBC were among …

Jefferies raises S&P 500 annual target to 6,600 on resilient earnings Read More »

By Nivedita Balu TORONTO (Reuters) -Canada’s big banks are expected to have lowered loan-loss provisions in the third quarter from the prior quarter as U.S. tariffs have likely hurt their loan portfolios less than feared. Canada’s big six banks are expected to set aside a total of C$5.22 billion in loan-loss provisions for the third …

Canadian banks to dodge worst case tariff scenario in latest earnings Read More »

By Joey Roulette (Reuters) -Elon Musk’s SpaceX on Sunday called off the launch of Starship’s tenth mission from Texas over an issue at its launch site, delaying an attempt to achieve several long-sought development milestones missed due to past tests ending in early failures. The 232-foot(70.7-meter)-tall Super Heavy booster and its 171-foot(52-meter)-tall Starship upper half …

SpaceX postpones Starship test flight over ground system issue Read More »