By Sabrina Valle, Shivansh Tiwary and David French (Reuters) -Union Pacific said on Tuesday it would buy smaller rival Norfolk Southern in an $85 billion deal to create the first U.S. coast-to-coast freight rail operator and reshape the movement of goods from grains to autos across the country. If approved, the deal would be the …
Union Pacific to reshape US freight rail with $85 billion deal for Norfolk Read More »
(Reuters) -Global paint supplier PPG Industries missed Wall Street expectations for second-quarter profit on Tuesday, hurt by the impact of recent business divestitures and softer demand in key markets. Last year, PPG sold both its architectural coatings business in the United States and Canada to American Industrial Partners for about $550 million and its silica …
PPG Industries misses quarterly profit estimates as divestitures, soft demand weigh Read More »
(Reuters) -NYSE parent Intercontinental Exchange is in talks to buy Enverus in a deal that would value the energy data and analytics specialist firm at at least $6 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter. A final agreement has not been reached and discussions could still end without a deal, …
NYSE parent ICE in talks to buy Enverus for at least $6 billion, Bloomberg reports Read More »
WASHINGTON (Reuters) -A federal judge on Tuesday paused a lawsuit against the U.S. Consumer Financial Protection Bureau that had sought to strike down “open banking” regulations, granting the agency’s request for time to replace the contested rules adopted under former President Joe Biden with a new version, court papers showed. The move by President Donald Trump’s CFPB …
US consumer finance watchdog says it will replace Biden-era ‘open banking’ regulations Read More »
By John Revill ZURICH (Reuters) -Logitech International reported better than expected quarterly results on Tuesday, benefiting from increased demand for its computer peripherals from businesses. The Swiss-U.S. company said its non-GAAP operating income rose to $202 million in the three months to the end of June, beating the $167.2 million forecast by analysts in a …
Logitech beats quarterly estimates, boosted by business demand Read More »
By Jody Godoy and Lisa Baertlein (Reuters) -The largest rail union in the United States said on Tuesday it intends to oppose Union Pacific’s proposed $85 billion acquisition of smaller rival Norfolk Southern in regulatory proceedings, citing concerns about how the largest-ever buyout in the sector will affect U.S. workers and infrastructure. At the same …
Largest US rail union intends to oppose Union Pacific’s buy of Norfolk Southern Read More »
(Reuters) -Citigroup has hired Pankaj Goel from JPMorgan Chase to co-lead its technology investment banking, according to a memo seen by Reuters on Tuesday. Goel, who has more than twenty years of technology experience, was most recently global chair of technology investment banking at JPMorgan, according to the memo, signed by Citi’s head of North …
Citi hires Goel from JPMorgan to boost tech banking leadership as hiring spree continues Read More »
(Reuters) -The U.S. Department of Justice dropped its bid to block American Express Global Business Travel Group’s acquisition of CWT Holdings, according to court records entered in New York on Tuesday. The U.S. sued in January, before President Donald Trump took office, to block the proposed merger, saying the $570 million deal would eliminate competition …
US Justice Department drops bid to block corporate travel company merger Read More »
By Lisandra Paraguassu BRASILIA (Reuters) -Brazil’s government has asked the U.S. to exclude food products and Embraer’s aircraft from the 50% tariff it plans to impose on Brazilian goods starting August 1, a source familiar with the matter told Reuters on Tuesday. The request was the main topic of recent discussions between Brazilian and U.S. …
Brazil asks US to spare food products, Embraer planes from 50% tariff, source says Read More »
By Ana Mano SAO PAULO (Reuters) -Brazilian beef-packers’ lobby Abiec, which represents companies including JBS and Marfrig, on Tuesday estimated losses of $1 billion if the United States applies a 50% tariff on Brazilian exports. The U.S. is Brazil’s second biggest beef export destination after China. Roberto Perosa, head of Abiec, said Brazilian beef companies …
Brazil beef-packers estimate $1 billion in losses if US tariffs apply Read More »
