By Milana Vinn, Dan Catchpole and Mike Stone (Reuters) – Several private equity firms and at least one aerospace supplier are among the remaining bidders competing to buy Boeing’s Jeppesen navigation unit for more than $8 billion, according to people familiar with the matter. Boeing is expected to invite bids for Jeppesen from the suitors…
By Jonathan Stempel (Reuters) – A federal judge ordered a Johnson & Johnson unit on Friday to pay the U.S. government $1.64 billion after a jury found it liable in a whistleblower lawsuit for illegally promoting the HIV drugs Prezista and Intelence. U.S. District Judge Zahid Quraishi in Trenton, New Jersey, ordered the drugmaker’s Janssen…
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Friday said inflation data published earlier in the day confirms her decreased confidence in her baseline expectation that two interest rate cuts this year are a “reasonable” projection. Government data on Friday showed underlying inflation rose 0.4% in February – the most in more…
WASHINGTON (Reuters) – The Trump administration invited companies to email the Environmental Protection Agency to seek presidential exemptions from nine clean-air regulations, including mercury limits for power plants and limits on hazardous air pollutants in plastic production by March 31, the latest use of rarely used measure aimed at lifting burdens for business. The EPA…
By Tom Polansek CHICAGO (Reuters) – U.S. beef sales to China have taken a dive, U.S. government data showed on Thursday, after Beijing allowed the expiration of registrations that had permitted exports from hundreds of American meat facilities. A tit-for-tat tariff dispute has also raised duties on U.S. meat and other goods shipped to China,…
By Echo Wang (Reuters) -CoreWeave plans to reduce the size of its U.S. initial public offering and price its shares below the indicated range, a person familiar with the matter told Reuters on Thursday, dampening expectations that the listing would boost investor appetite for IPOs. The Nvidia-backed cloud services provider is now looking to sell…
By Lisa Pauline Mattackal (Reuters) – Shares of GameStop fell more than 15% on Thursday after the company’s plan to finance its bitcoin pivot raised questions about the timing of its move and its strategy to turn around its struggling retail business. The video game retailer’s shares also gave up all their gains from a…
ROME (Reuters) – Italian sports car maker Maserati, one of the worst performing brands within the Stellantis group, said on Wednesday it was boosting lucrative customisation services while working on wider turnaround plans. The brand sold just 11,300 vehicles last year, down from 26,600 in 2023, with an adjusted operating loss of 260 million euros…
By Jaspreet Singh (Reuters) – Elon Musk-owned social media platform X is poised for the company’s first year of advertising revenue growth since its acquisition by the billionaire in 2022, data from research firm Emarketer showed on Wednesday. Brands are returning to X at a time when Musk’s influence has grown in the Trump administration,…
(Reuters) – OpenAI is not expecting its cash flow to turn positive until 2029, Bloomberg News reported on Wednesday, citing a person familiar with the matter. The San Francisco-based artificial intelligence bellwether is grappling with significant costs from chips, data centers and talent needed to develop cutting-edge AI systems, according to the report. By 2029,…
