(Reuters) -Greek-yogurt maker Chobani said on Tuesday that it would be investing $1.2 billion in building its third U.S. dairy processing plant in New York, and expects to create more than 1,000 full-time jobs. The privately held company, which announced a $500 million expansion in Idaho last month, said the new facility in upstate New …
Greek-yogurt maker Chobani to invest $1.2 billion in New York plant Read More »
NEW YORK (Reuters) -Bank of America shareholders voted on Tuesday to approve pay packages for CEO Brian Moynihan and the lender’s top executives, and also elected its 14 directors on the board. Proxy adviser Institutional Shareholder Services had recommended that investors vote against the payouts, expressing concerns about the process used to set the compensation. …
Bank of America’s shareholders OK executive compensations, elect directors Read More »
(Reuters) -Canada’s Barrick Gold said on Tuesday it will exit the Donlin gold Project in Alaska by selling its 50% stake to billionaire John Paulson and NovaGold Resources for up to $1.1 billion. The Donlin Gold project is a proposed mine which holds roughly 39 million ounces of gold. It was jointly owned by Barrick …
Barrick Gold sells Alaska mine stake to John Paulson, NovaGold for up to $1.1 billion Read More »
By Aishwarya Jain (Reuters) -U.S. industrial conglomerate 3M Co on Tuesday beat Wall Street expectations for first-quarter profit on cost cutting, sending its shares up 7% even as it warned of a potential hit to 2025 earnings from trade tensions. Bill Brown, who succeeded Mike Roman as CEO in May, laid out a restructuring plan …
3M beats first-quarter estimates, flags potential tariff hit on 2025 profit Read More »
(Reuters) -T-Mobile’s prepaid unit unveiled four new plans on Tuesday that provide a five-year price guarantee and monthly charges as low as $25 per line, as the company seeks to shield its market share from competition amid economic uncertainty. WHY IT’S IMPORTANTThe launch by T-Mobile’s unit, Metro, comes at a time when consumers are becoming …
T-Mobile’s Metro unveils lower priced prepaid plans with 5-year price lock Read More »
By Sneha S K and Amina Niasse (Reuters) – U.S. health insurer Elevance Health spent less than expected on medical care in the first quarter and said on Tuesday that demand for healthcare services among older adults was inline with expectations, allaying some concerns over elevated medical costs. Rival UnitedHealth last week cut its full-year …
Elevance says healthcare demand tracks expectations after UnitedHealth’s forecast cut Read More »
By Rajesh Kumar Singh CHICAGO (Reuters) -GE Aerospace CEO Larry Culp said on Tuesday he advocated re-establishing a tariff-free regime for the aerospace industry under the 1979 Civil Aircraft Agreement when he met with U.S. President Donald Trump. In an interview with Reuters, Culp said the company’s position was “understood” by the administration, adding that …
GE Aerospace CEO Culp advocates tariff-free regime for aviation industry Read More »
By Tatiana Bautzer NEW YORK (Reuters) -Citigroup’s Chief Economist Nathan Sheets said on Tuesday the U.S. has a 40% to 45% chance of recession as the economy suffers the impact of tariffs imposed by President Donald Trump on China and other trading partners. The Trump administration announced earlier this month, then paused, sweeping tariffs on …
(Reuters) -Corporate America is scrambling to implement countermeasures as U.S. President Donald Trump’s latest tariffs on Chinese imports went into effect, while some levies on Canada and Mexico have been suspended. Potential price hikes, changes in sourcing locations and new U.S. plants are among the actions planned since Trump unveiled the tariffs and threatened potentially …
Factbox-How companies are responding to Trump’s tariffs Read More »
By Utkarsh Shetti and Mike Stone (Reuters) -RTX on Tuesday cautioned that U.S. President Donald Trump’s tariffs could chip away $850 million from its 2025 profits, sending its shares down 8.5%, even as it beat expectations for quarterly results and reaffirmed its full-year forecasts. It arrived at the figure on assumptions that customers do not …
RTX cautions $850 million hit from Trump’s tariffs over 2025, shares fall Read More »
