Reuters US Business

By Mike Scarcella (Reuters) -A U.S. judge has set a May 2 hearing to discuss remedies the U.S. Justice Department and a group of states might ask the court to impose on Google after it ruled the Alphabet unit illegally dominates two markets for online advertising technology. U.S. District Judge Leonie Brinkema, in the Alexandria, …

US judge sets May 2 hearing to discuss remedies in Google digital ads lawsuit Read More »

By Kylie Madry and Natalia Siniawski MEXICO CITY (Reuters) -Mining and transport conglomerate Grupo Mexico reported a 17% jump in first-quarter net profit on Friday, primarily driven by higher metal prices. Net profit rose to $1.09 billion, well above the $816 million estimate from analysts polled by LSEG, as copper and silver prices surged and …

Miner Grupo Mexico posts 17% profit jump on higher metals prices Read More »

By Deena Beasley (Reuters) -Amgen on Friday announced a $900 million expansion of its Ohio biotech manufacturing facility, becoming the latest in a string of drugmakers pledging to increase U.S. capacity amid Trump administration threats of potential import tariffs. Amgen, based in Thousand Oaks, California, said the plans bring its total investment in central Ohio …

Amgen to expand Ohio biotech manufacturing plant Read More »

By Douglas Gillison WASHINGTON (Reuters) -The new head of the U.S. Securities and Exchange Commission on Friday said that the agency has stifled innovation for the cryptocurrency sector by fostering “regulatory uncertainty” in prior years. “Market participants engaging in this technology deserve clear regulatory rules of the road,” Paul Atkins said in his first remarks …

New US SEC chair says crypto sector deserves clear regulations Read More »

By Stephanie Kelly NEW YORK (Reuters) -Oil prices edged higher on Friday but posted a weekly decline, under pressure from market expectations of oversupply and uncertainty around tariff talks between the U.S. and China. Brent crude futures settled 32 cents higher at $66.87 a barrel, taking losses to 1.6% over the week. U.S. West Texas …

Oil posts weekly fall on tariff worry and rising supplies Read More »

By Christoph Steitz FRANKFURT (Reuters) -One of the world’s top offshore wind developers, Germany’s RWE, has stopped work on its U.S. projects for now in light of recent moves against the industry by the Trump administration, its CEO said in a text published ahead of the firm’s annual meeting. The comments by Markus Krebber are …

Major offshore wind developer has stopped activities in United States Read More »

By Jaiveer Shekhawat and Saeed Azhar (Reuters) – Investment bank Lazard’s profit beat expectations in the first quarter, as its asset management business performed better than anticipated, but its CEO warned the ongoing economic uncertainty could keep dealmaking in check. Shares of the firm were down 1.8% at $39.15 in afternoon trading. The stock has …

Lazard’s first-quarter earnings surpass estimates, CEO warns of pressure on dealmaking Read More »