Reuters US Business

By Lisa Baertlein and Jarrett Renshaw LOS ANGELES/WASHINGTON (Reuters) – U.S. energy groups are asking President Donald Trump’s administration to exempt liquefied natural gas tankers from a new rule that will require producers to move an increasing percentage of their exports on U.S.-built vessels as part of a broader push to revive domestic shipbuilding. The …

US energy companies seek exemption from Trump plan to move LNG on US-built ships Read More »

By Akash Sriram (Reuters) – Lyft increased its stock buyback program to $750 million and beat first-quarter profit estimates on Thursday, signaling steady demand for its ride-hailing services, sending its shares up nearly 8% in extended trading. The company, which is expanding beyond major U.S. cities into smaller markets, said it intends to use $500 …

Lyft boosts stock buyback program, targets smaller cities in growth push Read More »

MONTREAL (Reuters) -Air Canada on Thursday lowered its annual adjusted core profit forecast and posted first-quarter revenue below analysts’ estimates, as trans-border traffic declined due to a weaker Canadian dollar and trade tensions with the United States. The airline lowered its adjusted EBITDA forecast for the current year to a range of C$3.2 billion ($2.30 …

Air Canada lowers annual core profit forecast as US travel slows Read More »

(Reuters) -Crypto exchange Coinbase reported a drop in first-quarter profit on Thursday as a steep rise in costs more than offset revenue growth in its transaction and subscription units, sending its shares down 3% in extended trading. Total operating expenses soared 51% to $1.3 billion in the quarter, driven by increased marketing expenses as well …

Coinbase quarterly profit falls as expenses climb, shares down Read More »

(Reuters) – Aspen Insurance priced its New York initial public offering within its marketed range on Wednesday, raising $397.5 million for the Bermuda-based specialty insurer. The Apollo Global Management-owned insurer sold 13.25 million shares at $30 apiece, compared with its targeted range of $29 to $31 per share. The IPO valued the insurer at about …

Apollo’s Aspen Insurance raises $397.5 million in US IPO Read More »

By Alexandra Alper WASHINGTON (Reuters) -The federal human resources agency at the heart of billionaire Trump advisor Elon Musk’s efforts to slash the federal workforce has awarded a contract for a new cloud-based HR platform to Workday without seeking bids from rivals, raising questions among the agency’s current and former employees. The workers, consulted on …

Workday gets contract from US agency behind DOGE staff cuts, no other bids Read More »

By Sriparna Roy (Reuters) – Novavax on Thursday tried to calm investors spooked by the delay of full approval of its COVID vaccine shot by U.S. regulators saying that it sees a pathway to resolving issues with the FDA, sending shares up nearly 19% in early trading. The vaccine maker said it believes commitments to …

Novavax says talks with FDA on COVID vaccine approval ongoing calming investor fears Read More »

By David Shepardson WASHINGTON (Reuters) – U.S. Transportation Secretary Sean Duffy unveiled a plan on Thursday to ask Congress for billions of dollars to modernize the aging U.S. air traffic control system to address airport congestion, flight delays and safety. The program will involve upgrading outdated radar and telecommunications systems, air traffic control towers and …

US wants to spend billions to revamp aging air-traffic control system Read More »