Reuters US Business

By Abhirup Roy, Aditi Shah, Hyunjoo Jin SAN FRANCISCO/NEW DELHI/SEOUL (Reuters) -Tesla’s long-awaited plans for an affordable car include a U.S-made, stripped-down version of its best-selling electric SUV, the Model Y, but the production launch has been delayed, three sources with knowledge of the matter told Reuters.  Tesla has promised affordable vehicles beginning in the …

Exclusive-Tesla to delay US launch of affordable EV, a lower-cost Model Y, sources say Read More »

(Reuters) -Ford Motor said on Friday it has halted shipments of its SUVs, pick-up trucks and sports cars to China, as it starts to face the heat from retaliatory tariffs that have seen vehicles face taxes as high as 150%. “We have adjusted exports from the U.S. to China in light of the current tariffs,” …

Ford halts shipments of vehicles to China amid tariffs Read More »

(Reuters) -The U.S. Interior Department on Friday said it would begin taking public input for a new five-year offshore oil and gas leasing program that could include new zones in the Arctic and elsewhere to maximize energy development. President Donald Trump has ordered government agencies to identify ways to increase already record high U.S. oil …

Trump administration kicks off plan for expanded offshore drilling Read More »

By Ernest Scheyder (Reuters) -The Trump administration said on Thursday it would approve a land swap needed for Rio Tinto and BHP to build one of the world’s largest copper mines, despite concerns from Native Americans that it would destroy a site of religious value. The move is likely to escalate tensions between Indigenous groups …

Trump to approve land swap for Rio Tinto copper mine opposed by Native Americans Read More »

By Chris Prentice, Saeed Azhar NEW YORK (Reuters) -U.S. banking regulators said on Friday they approved Capital One’s $35.3 billion purchase of Discover Financial Services, paving the way for the combined firms to become the nation’s eighth-largest bank. The deal has been closely watched by financial executives, who see it as a litmus test for …

Capital One, Discover deal approved by US bank regulators Read More »

(Reuters) -Alphabet’s Google plans to appeal against the “adverse” portion of the court decision in the U.S. Department of Justice’s monopoly case against the technology giant. On Thursday U.S. District Judge Leonie Brinkema found Google liable for “willfully acquiring and maintaining monopoly power” in markets for publisher ad servers and ad exchanges. Publisher ad servers …

Google to appeal against part of US court’s decision in monopoly case Read More »

By Sriparna Roy (Reuters) -UnitedHealth has traditionally been a company investors saw as reliable, having not missed earnings estimates since the 2008 global financial crisis. Until Thursday. The country’s largest insurer by market value fell far short of expectations with its quarterly earnings, leading to its worst one-day selloff in more than a quarter-century.  Its …

UnitedHealth was a reliable earnings performer – until its shocking Thursday results Read More »