By Ben Klayman DETROIT (Reuters) -U.S. Steel CEO David Burritt said on Tuesday he was confident Nippon Steel’s $14.9 billion bid for his company would “close on its merits,” despite political opposition and concerns raised in a national security review. Burritt, speaking at the Detroit Economic Club, described the review process as “very robust” but…
By Sabrina Valle HOUSTON (Reuters) -Chevron CEO Michael Wirth on Tuesday criticized U.S. President Joe Biden’s administration for what he described as “attacks on the natural gas” industry and emphasized the crucial role of Permian natural gas in powering the rapid growth of artificial intelligence (AI). The CEO’s remarks followed new government plans over policies…
By David Lewis, Nupur Anand and Duncan Miriri NAIROBI/NEW YORK (Reuters) – JPMorgan Chase CEO Jamie Dimon plans to travel to Africa in mid-October in a push by the biggest U.S. lender to expand on the continent, four sources familiar with the matter told Reuters, his first trip there in seven years. Dimon is expected…
By Noel Randewich (Reuters) – Shares of Donald Trump’s media company fell for a second session on Tuesday ahead of the end of restrictions on share sales by the former U.S. president and other insiders. Trump Media & Technology Group, which is 57% owned by the Republican presidential candidate, fell 3.6%, bringing its loss this…
By Milana Vinn and Mike Spector NEW YORK (Reuters) – Buyout firms Vista Equity Partners and Blackstone are in advanced talks to acquire Smartsheet, in a deal that could value the collaboration-software maker at close to $8 billion, people familiar with the matter said on Monday. The private-equity firms are discussing an offer of around…
(Reuters) – Chipotle moved an automated bowl-and-salad maker and an avocado-processing robot out of its test kitchen and into a couple of locations in California. The chain announced the deployment on Monday and said feedback will determine whether it makes a broader rollout of the technology. Both locations are in California, where all fast food…
(Reuters) – Shares of Apple fell nearly 3% on Monday after several analysts said that delivery times for the new iPhone 16 Pro models indicated weaker-than-expected demand, possibly due to the delayed rollout of key artificial intelligence features. Apple last week unveiled its long-awaited iPhone 16 series designed around its AI software, Apple Intelligence. Early…
By Shivansh Tiwary (Reuters) – Boeing could lose over $100 million in daily revenue until it reaches a settlement with its union that represents more than 30,000 workers, analysts said on Monday. The Seattle-area Boeing workers who build the planemaker’s most popular 737 MAX and other jets in factories on the U.S. West Coast went…
By Sinéad Carew and Shashwat Chauhan (Reuters) -Wall Street’s main indexes closed higher on Friday as investors honed in on the chance of a bigger interest rate cut by the Federal Reserve next week, with rate-sensitive small cap stocks outperforming. Bets on the size of the Fed’s cut have been volatile and were roughly even…
By Aditya Kalra NEW DELHI (Reuters) – Samsung, Xiaomi and other smartphone companies colluded with Amazon and Walmart’s Flipkart to exclusively launch products on the e-commerce firms’ Indian websites in breach of antitrust laws, according to regulatory reports seen by Reuters. Antitrust investigations conducted by the Competition Commission of India (CCI) have found that Amazon…
