Reuters US Business

By Marianna Parraga HOUSTON, Dec 1 (Reuters) – Elliott Investment Management’s affiliate Amber Energy plans to keep Citgo Petroleum’s refineries, terminals and other connected assets once it takes over the Venezuela-owned U.S. refiner, following the completion of a court-ordered auction, sources close to the preparations said. A Delaware court last week approved Amber’s $5.9 billion …

Exclusive-Amber Energy plans to hold on to Citgo refineries after takeover Read More »

By Curtis Williams HOUSTON, Dec 1 (Reuters) – U.S. liquefied natural gas exports hit an all-time monthly high in November for the second straight month, driven by cooler weather and robust output from the country’s two largest producers, preliminary data from financial firm LSEG showed on Monday. The U.S., the world’s top LNG exporter, shipped …

US LNG exports hit record high in November on cooler weather, strong output Read More »

Dec 1 (Reuters) – Blackstone is “seriously contemplating” abandoning its bid for British self-storage company Big Yellow Group ahead of the upcoming deadline for a firm offer, Sky News reported on Monday, citing sources familiar with the matter. Shares of Big Yellow fell 4.8% in afternoon trading. Reuters could not immediately verify the report. Blackstone …

Blackstone mulls abandoning bid for UK’s Big Yellow Group, Sky News reports Read More »

By David Shepardson WASHINGTON, Dec 1 (Reuters) – The U.S. Transportation Security Administration said it screened 3.13 million airline passengers on Sunday, the highest number for a single day. The record travel coincided with the peak day of the Thanksgiving travel season and occurred despite weather issues in the U.S. Midwest. The prior record for …

US screened record 3.13 million airline passengers on Sunday Read More »

Dec 1 (Reuters) – Newell Brands will cut 900 jobs, or 3.8% of its global workforce, and take up to $90 million in restructuring charges, the Sharpie maker said on Monday. The company will also close about 20 Yankee Candle stores in the U.S. and Canada, collectively representing roughly 1% of brand sales of the …

Sharpie maker Newell Brands to cut 900 jobs, take up to $90 million charges Read More »

Dec 1 (Reuters) – BofA Global Research on Monday said it now expects the U.S. Federal Reserve to cut interest rates by 25 basis points at its December meeting, citing weak labor market conditions and recent comments from policymakers hinting at an early cut. The Wall Street brokerage had previously expected borrowing costs to remain …

BofA expects December Fed cut, two more in 2026 Read More »

LONDON, Dec 1 (Reuters) – A look at the day ahead in U.S. and global markets by Dhara Ranasinghe, Editor, Financial Markets EMEA. What matters in U.S. and global markets today.  Trade in the final month of a turbulent 2025 is underway and the readout from markets is that it’s unlikely to be a quiet …

Morning Bid: A far from quiet end to the year  Read More »