Business

BlackRock to wind down fund that invested in failed car lender Tricolor, FT reports

BlackRock to wind down fund that invested in failed car lender Tricolor, FT reports

(Reuters) -BlackRock, the world's biggest asset manager, is winding down a social impact fund that invested in collapsed subprime car…

November 8, 2025

US warns it could force 20% flight cuts if shutdown continues

By David Shepardson WASHINGTON (Reuters) -U.S. Transportation Secretary Sean Duffy warned Friday he could force airlines to cut up to…

November 8, 2025

Pfizer wins $10 billion bidding war for Metsera as Novo Nordisk exits

By Rishabh Jaiswal, Sabrina Valle and Maggie Fick NEW YORK/LONDON (Reuters) -U.S. drugmaker Pfizer has clinched a $10 billion deal…

November 8, 2025

US hit with second day of flight cuts as shutdown drags on

WASHINGTON (Reuters) -U.S. airlines and travelers slogged through a second day of flight cuts across the country on Saturday as…

November 8, 2025

Qcells furloughs 1,000 workers at US solar factories due to stalled shipments

(Reuters) -Qcells, the U.S. solar manufacturing arm of Korea's Hanwha, said it would furlough 1,000 workers at its Georgia factories…

November 8, 2025

Metsera accepts Pfizer's $10 billion bid in ongoing M&A battle

By Rishabh Jaiswal and Sabrina Valle (Reuters) -Obesity drug developer Metsera said on Friday that it had accepted Pfizer's $10…

November 8, 2025

UPS grounds its MD-11 fleet after Louisville crash

(Reuters) -UPS on Friday said it has grounded its fleet of McDonnell Douglas MD-11s, the type of plane involved in…

November 8, 2025

Pfizer seals $10 billion deal for Metsera as Novo Nordisk exits race

By Rishabh Jaiswal and Sabrina Valle (Reuters) -Obesity drug developer Metsera has accepted Pfizer's $10 billion acquisition offer, ending a…

November 8, 2025

Federal shutdown threatens these Trump voters’ livelihoods but not their political loyalties

By Julia Harte -From federal paychecks to public benefits, the longest U.S. government shutdown in history is cutting lifelines for…

November 8, 2025

UPS, FedEx ground MD-11 fleets after deadly Louisville crash

By Rishabh Jaiswal and Dheeraj Kumar (Reuters) -UPS and FedEx said on Friday they have grounded their combined fleet of…

November 8, 2025