Reuters US Business

By Vallari Srivastava and Medha Singh (Reuters) -Shares of nuclear power companies closed higher on Friday after U.S. President Donald Trump signed executive orders seeking to jumpstart the industry. The orders direct the nation’s independent nuclear regulatory commission to cut down on regulations and fast-track new licenses for reactors and power plants. U.S. power consumption …

Nuclear stocks surge after Trump signs orders to boost industry Read More »

By David Shepardson WASHINGTON (Reuters) -The U.S. Justice Department said on Friday it has struck a deal in principle with Boeing to allow it to avoid prosecution in a fraud case stemming from two fatal 737 MAX plane crashes that killed 346 people, dealing a blow to victims’ relatives. The agreement allows Boeing to avoid …

US Justice Department reaches deal with Boeing to allow planemaker to avoid prosecution Read More »

By David French NEW YORK (Reuters) -President Donald Trump’s pro-energy policies were meant to speed the construction of the United States’ next generation of energy infrastructure, but many oil and gas pipeline operators would still rather buy than build their way to expansion due to a host of factors impeding large projects. Trump declared an …

Analysis-US pipeline firms wrestle buy/build conundrum as Trump pushes energy expansion Read More »

By Kane Wu HONG KONG (Reuters) -Taiwan’s Foxconn is among potential bidders for the Singaporean semiconductor assembly and testing business UTAC Holdings in a deal that could value the company at about $3 billion, two people with knowledge of the matter said. UTAC’s owner, Beijing-based private equity firm Wise Road Capital, has hired Jefferies to …

Exclusive-Foxconn among potential bidders for Singaporean chip assembly firm UTAC in $3 billion deal, sources say Read More »

(Reuters) -Oracle will spend around $40 billion on Nvidia’s higher-performance chips to power OpenAI’s new U.S. data center, the Financial Times reported on Friday. The data center, situated in Abilene, Texas, is part of the U.S. Stargate Project, led by top AI firms in the country, to boost America’s heft in the artificial intelligence industry …

Oracle to buy $40 billion of Nvidia chips for OpenAI’s US data center, FT reports Read More »

By Jonathan Stempel (Reuters) – Amazon.com was sued on Friday by consumers over its alleged sale of a wide variety of rice contaminated by arsenic and other “heavy metals.” The proposed class action in Seattle federal court covers 18 types of rice sold through Amazon, including from familiar brands such as Ben’s Original and Amazon-owned …

Amazon.com is sued over alleged sale of contaminated rice Read More »

LONDON (Reuters) -Harvard University’s bonds, which are part of the Ivy League school’s $8.2 billion debt pile, struggled on Friday amid an increasingly fraught standoff with U.S. President Donald Trump’s administration. The university sued the administration over a move on Thursday to revoke its ability to enrol lucrative foreign students. Its bond prices have been …

Some Harvard bonds hit near record low as Trump tensions mount Read More »