Reuters US Business

By Christine Chen SYDNEY (Reuters) -Woodside Energy, Australia’s top natural gas producer, said on Tuesday it would seek to sell a further 20%-30% stake in Louisiana LNG, with interest growing in the $17.5 billion project since its final approval last week. Liz Westcott, chief operating officer for Australia, said the planned selldown of Woodside’s wholly …

Woodside targets another 20%-30% selldown of $17.5 billion Louisiana LNG project Read More »

(Reuters) -Bristol Myers Squibb said on Monday it will invest $40 billion in the U.S. over the next five years, as it seeks to expand its research and manufacturing presence in the country amid U.S. President Donald Trump’s tariff threats. The announcement of new investment was first made by CEO Christopher Boerner in an opinion …

Bristol Myers to invest $40 billion in the US over 5 years Read More »

By Dawn Chmielewski, Lisa Richwine and Andrea Shalal LOS ANGELES/WASHINGTON (Reuters) -The entertainment industry reacted with alarm and bafflement on Monday after President Donald Trump said he would impose a 100% tariff on all movies produced outside the U.S., but issued few details on just how such a levy would work. Veteran studio executives who …

Trump tariff order on movies leaves film industry flummoxed Read More »

By Chuck Mikolajczak NEW YORK (Reuters) -The S&P 500 fell to snap its longest streak of gains in 20 years on Monday as investors assessed U.S. President Donald Trump’s latest tariff announcement ahead of the Federal Reserve’s monetary policy decision later this week. On Sunday, Trump announced a 100% tariff on movies produced outside the …

S&P 500 snaps 9-session win streak after latest Trump tariff Read More »

By Svea Herbst-Bayliss, Shivansh Tiwary (Reuters) -Billionaire investor Bill Ackman said on Monday that he raised his stake in real estate company Howard Hughes, realizing a long-held dream of creating a diversified holding company modeled after legendary investor Warren Buffett’s Berkshire Hathaway. Ackman put another $900 million investment into Howard Hughes, raising his stake in …

Ackman boosts stake in Howard Hughes, moves to create modern-day Berkshire Read More »

By Juveria Tabassum (Reuters) -Barbie-maker Mattel withdrew its annual financial targets on Monday and said it would increase prices for some products in the United States as Trump administration’s sweeping tariffs bump up input costs for the toymaker. “Given the volatile macroeconomic environment and evolving U.S. tariff landscape, it is difficult to predict consumer spending …

Barbie-maker Mattel pulls forecasts, to hike US prices as tariffs raise costs Read More »