Reuters US Business

By Abigail Summerville NEW YORK (Reuters) -Northeast Grocery, Inc., the parent company of Price Chopper and Tops Friendly Markets, is exploring a sale, according to three people familiar with the matter.  The company is working with investment bank UBS on the sale process, which is attracting interest from private equity firms and other grocers, the …

Owner of Price Chopper and Tops Friendly Markets explores sale, sources say Read More »

(Reuters) -The New York Stock Exchange on Monday named Bryan Daniel as the president of NYSE Texas, adding political experience to its leadership ranks as it seeks to expand in the state and counter rivals. His background in public policy could be key as NYSE works to strengthen its presence in a state that hosts …

NYSE names public policy veteran Bryan Daniel as president of NYSE Texas Read More »

By Ateev Bhandari (Reuters) -Northrop Grumman-backed Firefly Aerospace raised the proposed price range for its U.S. initial public offering on Monday and is now targeting a valuation of up to $6.04 billion in its U.S. listing, underscoring investor interest in space-related ventures. The Texas-based space startup aims to raise $696.6 million by selling 16.2 million …

Firefly Aerospace lifts IPO price range, targets $6 billion valuation amid space investment boom Read More »

By Aditya Soni (Reuters) -Tesla has granted CEO Elon Musk shares worth about $29 billion in a new pay deal aimed at keeping the billionaire entrepreneur at the helm during a crucial pivot from its struggling core auto business to robotaxis and humanoid robots. The company described the “interim award” of the 96 million new …

Tesla approves share award worth $29 billion to CEO Elon Musk Read More »

By Arasu Kannagi Basil (Reuters) -Miami International Holdings, the parent of bourse operator MIAX, is targeting a valuation of up to $1.67 billion in its New York initial public offering, setting the stage for a rare flotation of a U.S. financial exchange.  The Princeton, New Jersey-based company, backed by private equity firm Warburg Pincus, is …

MIAX-parent Miami International targets $1.7 billion valuation in rare exchange IPO Read More »

By Pritam Biswas (Reuters) -Class A shares of Warren Buffett’s Berkshire Hathaway fell more than 3% in afternoon trading on Monday, as investors fretted over a $3.8 billion write-down and a dip in quarterly operating profit that the firm disclosed on Saturday.  The write-down of Berkshire Hathaway’s 27.4% stake in Kraft Heinz, its second for …

Berkshire Hathaway’s shares fall after $3.8 billion write-down, operating profit weakness Read More »

By Jaspreet Singh (Reuters) -Amazon.com is restructuring the Wondery podcast studio by shifting its award-winning narrative podcasts such as “Business Wars” to Audible and consolidating creator-led shows into a new unit, according to a memo seen by Reuters. About 110 employees will be laid off as part of the process and many will transition to …

Amazon overhauls Wondery podcast studio, cuts 110 jobs Read More »

(Reuters) -Citigroup has appointed Aashish Dhakad as the head of its private credit origination division in North America, according to an internal memo seen by Reuters on Monday, as banks vie for a larger share of the lucrative private credit market. Dhakad, with an industry experience spanning two decades, will join the third largest U.S. …

Citi names industry veteran as head of North America private credit, memo shows Read More »

By Ateev Bhandari (Reuters) -Crypto exchange Bullish is targeting a valuation of up to $4.23 billion in its United States listing, the company said in a filing on Monday, launching its roadshow to capitalize on the momentum built by digital assets amid regulatory clarity. Companies leveraging crypto and related technologies have rallied on friendly policymaking …

Peter Thiel-backed Bullish seeks up to $4.2 billion valuation in US IPO Read More »