Reuters US Business

(Reuters) -Vanguard Group settled a lawsuit accusing the mutual fund giant of saddling investors in its popular target-date funds with inflated tax bills, after a federal judge rejected an earlier settlement. In a filing on Thursday in Philadelphia federal court, Vanguard and the investors said they agreed in principle following private mediation to resolve all …

Vanguard settles litigation over inflated mutual fund tax bills Read More »

By David Shepardson (Reuters) -Amazon Web Services has agreed to provide U.S. government agencies with up to $1 billion in savings for cloud adoption, modernization and training through the end of 2028, the U.S. General Services Administration said on Thursday. The agency said the agreement with the unit of Amazon.com “will accelerate large-scale IT transformation …

Amazon Web Services to provide US government agencies with up to $1 billion in savings Read More »

By David Ljunggren OTTAWA (Reuters) -Canadian defense officials have strongly made the case that Ottawa should stick to a plan to buy 88 Lockheed Martin Corp F-35 fighter jets rather than splitting the order, two sources familiar with the matter said on Thursday.  The review stops short of making a formal recommendation, one of the …

Exclusive-Canada defense review makes case for sticking with F-35 jets, sources say Read More »

(Corrects building’s designer in paragraph 4) By Matt Tracy (Reuters) -New York City property developer The Durst Organization sealed one of 2025’s largest Manhattan office loans for a landmark Times Square skyscraper on Wednesday, according to Rosenberg + Estis, the law firm that represented the developer. The family-run property owner closed a $1.3 billion commercial …

Owner of landmark Manhattan skyscraper closes on $1.3 billion loan Read More »

By Savyata Mishra and Samantha Marshak (Reuters) -Ralph Lauren cautioned on Thursday that tariff-related costs would pressure its margins this year and said it was bracing to see how inflation was weighing on price-sensitive consumers, sending its shares down 7%. The comments overshadowed a rise in its annual revenue forecast, which was powered by solid …

Ralph Lauren warns that tariffs will pressure margins, shares fall Read More »

By Arunima Kumar (Reuters) -ConocoPhillips will sell its Anadarko Basin assets for $1.3 billion, the company said on Thursday, as it sheds non-core acreage following the Marathon Oil acquisition to reduce debt and focus on higher-margin basins. The asset sale, expected to close at the beginning of the fourth quarter, pushes ConocoPhillips past its target …

ConocoPhillips to sell Anadarko assets for $1.3 billion; profit beats estimates Read More »

By Michael S. Derby (Reuters) -Americans’ longer-term inflation outlook deteriorated in July even as households boosted their views on the current and future state of their respective financial situations, according to data released on Thursday by the New York Federal Reserve. In its latest Survey of Consumer Expectations, the regional Fed bank said the expected …

US households expect higher longer-run inflation, New York Fed says Read More »