Reuters US Business

By Jonathan Stempel (Reuters) -A U.S. judge dismissed a lawsuit accusing Amazon.com of defrauding shareholders about its treatment of third-party sellers and plans to expand capacity, culminating in a Federal Trade Commission antitrust case against the online retail giant. Monday’s dismissal by U.S. District Judge John Chun in Seattle was with prejudice, meaning the proposed …

Amazon defeats shareholder lawsuit over third-party sellers, capacity expansion Read More »

By Allison Lampert MONTREAL (Reuters) -Bombardier CEO Eric Martel said on Monday he was concerned Washington could target the private planemaker’s U.S. contracts if Canada cancels a C$19 billion ($13.30 billion) deal for 88 Lockheed Martin F-35 fighter jets. Canada, locked in a trade war with the United States, is reviewing the contract for the …

Bombardier CEO fears US could target firm if Canada scraps jet deal Read More »

By Zaheer Kachwala (Reuters) -Videogame consoles are likely to be the biggest growth driver in the market until 2027, research firm Newzoo said on Monday, citing strong expected sales for Take-Two’s upcoming “Grand Theft Auto VI” and the next-generation Switch from Nintendo. WHY IT’S IMPORTANT The videogame industry has been recovering at a sluggish pace …

Consoles to power videogame market growth until 2027 on ‘GTA VI’, Switch boost Read More »

By Max A. Cherney SAN FRANCISCO (Reuters) -Intel’s incoming CEO Lip-Bu Tan has considered significant changes to its chip manufacturing methods and artificial intelligence strategies ahead of his return to the company on Tuesday, two people familiar with Tan’s thinking told Reuters, in a sweeping bid to revive the ailing technology giant. The new trajectory …

Exclusive-Intel’s new CEO plots overhaul of manufacturing and AI operations Read More »

By Scott DiSavino (Reuters) -U.S. natural gas futures slid about 2% to a two-week low on Monday on record output, negative spot prices at the Waha Hub in West Texas and forecasts for mild weather through early April, which should keep the amount of gas utilities pull from storage to heat homes and businesses lower …

US natgas prices slide 2% to 2-week low on record output, Waha turns negative Read More »

By Manya Saini and Niket Nishant (Reuters) – Trading platform Robinhood on Monday launched a prediction markets hub in its app that allows customers to trade on event outcomes, including the expected upper limit of the Federal Reserve funds rate in May. The company’s shares were last up 6% in afternoon trading. Event contracts have …

Robinhood taps into event contracts to launch prediction markets hub Read More »

FRANKFURT (Reuters) -The German insurer Allianz said on Monday that it was selling its 26% stake in two joint ventures with India’s Bajaj Finserv to the Bajaj Group for around 2.6 billion euros ($2.84 billion). Last year, Bajaj Finserv had said that Allianz was considering exiting the joint ventures, ending a decades-old partnership. Allianz said …

Allianz to sell 26% stakes in India joint ventures for $2.8 billion Read More »

By Svea Herbst-Bayliss NEW YORK (Reuters) – Outdoor goods company Yeti Holdings, which makes cooler boxes and insulated cups, on Monday said it would add two new directors, expanding the size of its board after months of discussions with activist investor Engaged Capital. Magnus Welander, former chief executive of lifestyle and outdoor company Thule, and …

Yeti expands board by two after discussions with activist Engaged Read More »