Analysis: Overstretched US companies feel the pinch of higher borrowing costs

Sharpie markers owned by Newell Brands are seen for sale in a store in Manhattan, New York City, US, February 7, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Sept 20 (Reuters) – When US consumer products company Newell Brands Inc (NWL.O) refinanced $1.1 billion worth of bonds earlier this month, … Read more

Exclusive: Geely, oil group could take stakes in Renault engine company – sources

Register now for FREE unlimited access to Reuters.com Register Deal would not include Renault partner Nissan – sources Oil company role could help green hydrogen development – source PARIS, Aug 31 (Reuters) – China’s Geely Automobile Holdings (0175.HK) and an oil group are in talks about taking stakes in the fossil-fuel engine unit Renault (RENA.PA) … Read more

As Mexico stalls major solar projects, companies turn to smaller workarounds

Workers install solar panels on the roof of the Central de Abastos wholesale market as part of a roof-top solar project run by the local government to become the world’s biggest urban solar farm, in Mexico City, Mexico July 27, 2022.REUTERS/Luis Cortes/File Photo Register now for FREE unlimited access to Reuters.com Register MEXICO CITY, Aug … Read more

Analysis: As drought risks rise, investors eye thirsty companies, solutions

NEW YORK/LONDON, Aug 22 (Reuters) – As droughts worsen across the world, investors are turning up the heat on companies wasting water and trying to pick winners from a sparse crowd of specialist listed companies looking to address the problem. From Kenya to California and nearly half of Europe, a shortage of fresh water has … Read more

Explainer: How could the new US corporate minimum tax affect companies?

Aug 12 (Reuters) – The main revenue source in the new US tax, climate and drugs bill is a novel 15% corporate minimum tax aimed at stopping large, profitable companies from gaming the Internal Revenue Service code and slashing their tax bills to zero. The US House of Representatives was scheduled to vote on Friday … Read more

Analysis: Bruised by a valuation freefall, payments companies brace for M&A

Italy’s Nexi draws takeover interest -sources Billtrust owner, Paya reviews strategic options – sources Valuation gap is narrowing amid market turmoil LONDON/NEW YORK, Aug 12 (Reuters) – Battered by a near 50% plunge in its shares over the last 12 months, Nexi (NEXII.MI), Europe’s biggest payments processor, has not gone unnoticed. Earlier this year, the … Read more

Explainer: How could the new US corporate minimum tax affect companies?

A general view of the US Capitol after United States Vice President Kamala Harris, voted on the Senate floor to break the 50-50 tie to proceed to the Inflation Reduction Act on Capitol Hill in Washington, DC, US August 6, 2022. REUTERS/ Ken Cedeno Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug … Read more

EXCLUSIVE Brigham Minerals explores sale of the company-sources

Aug 3 (Reuters) – Brigham Minerals Inc (MNRL.N), a company that owns the rights to extract oil and natural gas from land across numerous US shale basins, is exploring options that include a sale or a merger, people familiar with the matter said on Wednesday. Brigham’s shares have risen more than 20% this year as … Read more

Analysis: Food delivery companies revamp for cost-of-living crunch

AMSTERDAM/NEW YORK, July 25 (Reuters) – When food delivery service Grubhub struck a deal with Amazon (AMZN.O) earlier this month, offering Prime customers a year’s free delivery, shares in rivals slumped. The deal, a lifeline for Grubhub that will increase pressure on its competitors, was the latest example of a meal delivery company taking action … Read more

US power companies face a supply-chain crisis this summer

June 29 (Reuters) – US power companies are facing supply crunches that may hamper their ability to keep the lights on as the nation heads into the heat of summer and the peak hurricane season. Extreme weather events such as storms, wildfires and drought are becoming more common in the United States. Consumer power use … Read more