By Shankar Ramakrishnan, Echo Wang (Reuters) -Boeing is closing in on a plan to raise around $15 billion with common shares and a mandatory convertible bond as the jet maker bolsters finances worsened by a crippling strike, four sources familiar with the matter told Reuters. The company on Tuesday said in regulatory filings that it…
(Reuters) – Consulting giant McKinsey & Co. is close to reaching a deal with U.S. prosecutors to pay at least $500 million to settle federal probes into its past work helping opioid makers boost sales, Bloomberg News reported on Wednesday. A settlement, which could be announced in the coming weeks, would resolve criminal and civil…
By Toby Sterling and Nathan Vifflin AMSTERDAM (Reuters) -Investors and analysts are looking sceptically at computer chip equipment maker ASML, they said on Wednesday, after the company cut 2025 financial guidance, citing weakness in markets other than AI and delayed orders. The position of ASML, Europe’s most valuable technology company, as an essential supplier to…
By Jody Godoy (Reuters) – The U.S. Federal Trade Commission adopted a final rule on Wednesday requiring businesses to make it as easy to cancel subscriptions and memberships as it is to sign up, in the agency’s last major rulemaking before the Nov. 5 election. The “click to cancel” rule requires retailers, gyms and other…
(Reuters) – UnitedHealth Group provided a 2025 profit forecast below Wall Street estimates on Tuesday, saying it expects pressure across its government-supported health insurance businesses, and its shares fell 9%. The largest U.S. health insurer forecast a profit of as much as $30 per share. That upper end was below analysts’ estimates of $31.18 per…
By Allison Lampert and David Shepardson (Reuters) -Boeing will cut 17,000 jobs — 10% of its global workforce — delay first deliveries of its 777X jet by a year and record $5 billion in losses in the third quarter, as the U.S. planemaker continues to spiral during a month-long strike. CEO Kelly Ortberg said in…
This week, three major companies are poised to release their third-quarter earnings: Netflix (NFLX), Bank of America (BAC), and Johnson & Johnson (JNJ). Each company, representing different sectors—technology, finance, and healthcare—is under market scrutiny for how they’ve weathered recent macroeconomic turbulence. In this editorial, we’ll explore each company’s expected earnings, their performance following prior earnings…
WASHINGTON (Reuters) – Donald Trump said on Friday that if he wins the Nov. 5 U.S. presidential election, he will allow the cost of home generators purchased in states hit by natural disasters between September 1, 2024, and August 31, 2025, to be tax deductible. “We are going to allow you, retroactive to September 1st,…
By Brad Brooks and Leonara LaPeter Anton ST. PETERSBURG, Florida (Reuters) – Hurricane Milton marched across Florida on Thursday, whipping up deadly tornadoes, destroying homes and knocking out power to more than 3 million customers, but the Tampa Bay metropolitan area appeared to have escaped without the catastrophic flooding that had been feared. Authorities were…
By Norihiko Shirouzu and Chris Kirkham (Reuters) – Tesla aims to stun investors Thursday night with its long-awaited “robotaxi unveil,” a potential milestone after a decade of Elon Musk’s unfulfilled promises to deliver self-driving vehicles. The automaker is widely expected to showcase a prototype called the “Cybercab” rather than a road-ready driverless taxi. Convincing regulators…
