Reuters US Business

By Marianna Parraga HOUSTON (Reuters) -A U.S. court officer overseeing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum is recommending a judge choose a $3.7 billion offer by an affiliate of Contrarian Funds to set the floor for a new bidding round this year, according to a court filing on Friday. …

Contrarian Funds’ $3.7 billion offer recommended as starting bid in Citgo parent auction Read More »

By Chuck Mikolajczak NEW YORK (Reuters) – The S&P and Dow eked out slight gains on Friday, erasing earlier losses after comments from U.S. President Donald Trump provided hope that previously announced tariffs expected to begin in early April may not be as burdensome as feared. Trump said there will be flexibility on tariffs and …

Dow, S&P end flat, Nasdaq snaps four-week decline on tariff hopes Read More »

By Shivansh Tiwary (Reuters) -FedEx’s shares fell 11% on Friday after the parcel delivery firm cut its annual forecasts, fanning worries about the health of U.S. manufacturing amid uncertainty from the Trump administration’s sweeping tariffs on trading partners. CEO Raj Subramaniam warned a day earlier that the company was navigating a very “challenging operating environment” …

FedEx shares slide as annual forecast cuts stoke worries on economy Read More »

By Michael S. Derby (Reuters) – The Federal Reserve said on Friday it generated a smaller loss on its operations last year than in 2023 as its ongoing work to contain inflation kept its books in the red.  The U.S. central bank said the total distribution of its comprehensive net loss last year stood at …

Fed posts smaller loss on operations in 2024 Read More »

By Arasu Kannagi Basil (Reuters) -StubHub’s 2024 revenue surged 29.5%, it reported on Friday in its U.S. initial public offering paperwork, as the online ticketing marketplace moves ahead with its long-sought New York flotation. A handful of companies are moving ahead with stock market listings despite volatility arising from uncertainty around U.S. trade policy. Nvidia-backed …

Ticketing platform StubHub reveals 30% revenue growth in US IPO filing Read More »

By Amanda Stephenson CALGARY (Reuters) – The future of Canada’s six-year-old carbon pricing system is on shaky ground after 14 oil and gas CEOs and the political opposition leader this week called for its repeal. Scrapping the system, which aims to reduce pollution by giving heavy industry a financial incentive to cut carbon emissions, however, …

Canadian opposition, oil CEOs call for scrapping federal carbon price system Read More »

(Reuters) -U.S. oil major Chevron said on Friday its Chairman and Chief Executive Officer Michael Wirth was paid $32.7 million in 2024, according to a filing with the Securities and Exchange Commission. The total compensation received by Wirth represents a 23.4% increase from the prior year. However, the median annual compensation for Chevron employees, in …

Chevron CEO Michael Wirth’s pay rises to $32.7 million in 2024 Read More »