Reuters US Business Archives - Page 561 of 2312

US SEC ends Cognizant bribery case that the Justice Department also abandoned

15 Jul 2025 15 Jul 2025

By Jonathan Stempel (Reuters) -The U.S. Securities and Exchange Commission ended a civil bribery case against two former Cognizant Technology Solutions executives, after President Donald Trump decided to stop enforcing a key anti-corruption law. In a filing in the Newark, New Jersey federal court, the SEC said it dismissed claims against Gordon Coburn and Steven …

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US tariffs could have pandemic-like impact on planemaker Embraer, CEO says

15 Jul 2025 15 Jul 2025

By Gabriel Araujo SAO PAULO (Reuters) -The 50% tariff that U.S. President Donald Trump plans to impose on Brazilian exports starting in August could hammer the revenue of planemaker Embraer like the COVID-19 pandemic did, its CEO warned on Tuesday, flagging risks to U.S. partners. Francisco Gomes Neto told reporters the tariffs would amount to …

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US auto safety nominee calls for active oversight of self-driving cars

15 Jul 2025 15 Jul 2025

By David Shepardson WASHINGTON (Reuters) -President Donald Trump’s nominee to head the nation’s auto safety regulator will argue on Wednesday that the agency must actively oversee self-driving vehicle technology, a potential sign of a tougher approach than some critics expected. Jonathan Morrison, chief counsel of the National Highway Traffic Safety Administration in the first Trump …

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US farm agency ends program to support small businesses

15 Jul 2025 15 Jul 2025

By Leah Douglas WASHINGTON (Reuters) -The U.S. Department of Agriculture said on Tuesday it would cut funding for a national network of centers that have supported thousands of small- and mid-sized farm and food businesses. The cuts are another hit to farmers from President Donald Trump’s effort to shrink the size and cost of the …

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Omnicom tops revenue estimates on strong growth in advertising unit

15 Jul 2025 15 Jul 2025

(Reuters) -Advertising firm Omnicom on Tuesday beat Wall Street estimates for the second quarter, fueled by growth in its advertising and media segment. Shares of the company rose 2.2% in trading after the bell. The ad firm’s results stayed immune to the ongoing macroeconomic and geopolitical uncertainty, helped by continued spending by businesses on Omnicom’s …

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Roblox launches IP licensing platform, partners with Netflix, Lionsgate

15 Jul 2025 15 Jul 2025

(Reuters) -Roblox launched a licensing feature on its videogame platform on Tuesday, allowing intellectual property holders to integrate their characters and worlds into its games. It has signed licensing partnerships with companies such as Netflix, which would allow developers to use characters and names from the streaming giant’s popular shows “Stranger Things” and “Squid Game” …

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Brazil looks to solve US tariff issue before deadline

15 Jul 2025 15 Jul 2025

BRASILIA (Reuters) -Brazil will work to get the United States to reverse 50% tariffs on Brazilian goods before they are set to take effect on August 1, Vice President Geraldo Alckmin said on Tuesday. Speaking to reporters in Brasilia after meeting with business leaders to discuss the tariffs, Alckmin said the government aims to resolve …

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Pentagon to keep investing in US critical minerals projects, defense official says

15 Jul 2025 15 Jul 2025

By Ernest Scheyder (Reuters) -The U.S. Department of Defense plans to continue investing in critical minerals projects to ensure a diverse American supply of the building blocks for weapons and many electronics, a defense official told Reuters on Tuesday. The Pentagon signed a multibillion-dollar deal last week to become the largest shareholder in rare earths …

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Blackstone and US utility PPL to build gas power plants in JV partnership

15 Jul 2025 15 Jul 2025

By Laila Kearney and Sumit Saha (Reuters) -Pennsylvania electric and gas utility PPL and Blackstone Infrastructure have formed a joint venture to build natural gas generation stations to power data centers under long-term energy services agreements, the companies said on Tuesday. “We’re excited to leverage the powerful expertise that PPL and Blackstone Infrastructure possess to …

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US banking giants reap gains from dealmaking rebound, trading bump

15 Jul 2025 15 Jul 2025

By Nupur Anand, Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) -Large U.S. banks expressed optimism about the investment banking outlook for the rest of the year after dealmaking rebounded in the second quarter, as they reported in earnings on Tuesday. Yet lenders stayed cautious about the uncertain economic environment and U.S. tariff policies, weighing …

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