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Tether CEO says he sees no indication of US probe

(Reuters) -Tether’s top executive said on Friday the company has seen no sign it is under investigation, after the Wall Street Journal reported U.S. authorities are probing potential violations by the cryptocurrency firm of sanctions or anti-money laundering rules. Federal investigators, led by the U.S. Attorney’s Office in Manhattan, are scrutinizing whether the cryptocurrency has …

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New Mexico studies oil drilling restrictions that would hit output, revenue

By Georgina McCartney NEW YORK (Reuters) -A top economist for the state of New Mexico, the second-largest oil-producer in the U.S., this week released a study on potential drilling restrictions that could hit up to 5.4% of its future crude output and result in billions of dollars in lost revenue. The study evaluated setback proposals …

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US nuclear regulator kicks off review on Three Mile Island restart

By Laila Kearney NEW YORK (Reuters) – U.S. nuclear regulators kicked off a long-winding process to consider Constellation Energy’s unprecedented plans to restart its retired Three Mile Island nuclear power plant in an initial public meeting held on Friday. Constellation, which announced last month that it had signed a 20-year power purchase agreement with Microsoft …

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Boeing exploring sale of its space business, WSJ reports

(Reuters) -Boeing is exploring the sale of some parts of its space business, the Wall Street Journal reported on Friday, citing people familiar with the matter. The NASA business that Boeing is exploring a sale of includes the troubled Starliner space vehicle and operations that support the International Space Station, but excludes the unit building …

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US October nonfarm payrolls seen taking a hit from striking aerospace, hotel workers

By Lucia Mutikani WASHINGTON (Reuters) -U.S. nonfarm payrolls in October could be reduced by as many as 41,000 jobs amid strikes in the aerospace manufacturing industry and at three hotel chains, government data showed on Friday. The Labor Department’s monthly strike report showed 33,000 Boeing employees were idle at the planemaker’s plants in California, Oregon …

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E. coli infections tied to McDonald’s burgers rise to 75, US FDA says

By Ananya Mariam Rajesh and Aishwarya Venugopal (Reuters) -The number of people infected by the E. coli outbreak tied to McDonald’s Quarter Pounder hamburgers increased to 75 from 49, the U.S. Food and Drug Administration said on Friday. Of the 61, on whom information was available, the health regulator said 22 persons have been hospitalized. …

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Union’s rejection of Boeing offer threatens jobs at aerospace suppliers

By Allison Lampert (Reuters) – Striking workers’ rejection of planemaker Boeing’s latest contract offer has created a fresh threat to operations at aerospace suppliers such as family-run Independent Forge. If the strike by more than 33,000 U.S. Boeing workers persists another month, the Orange County, California supplier might need to cut its operations from five …

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Frontier Communications asks shareholders to accept Verizon’s takeover bid

(Reuters) – Frontier Communications urged shareholders on Friday to vote for a $20 billion takeover bid from Verizon, saying that it had reviewed interest from other potential buyers and found the telecom giant’s proposal as the most favorable option. The fiber-optic internet provider said Verizon’s final offer presents “a superior value over all other potential …

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Septerna valued at $970 million as shares rise nearly 31% in Nasdaq debut

(Reuters) -Septerna’s shares rose about 31% in their market debut on Friday, giving the Goldman Sachs-backed biotech firm a valuation of $970 million. The company’s shares opened at $23.5 in their Nasdaq debut, compared with the IPO price of $18. Septerna upsized its offering twice on Thursday to sell 16 million shares, to raise $288 …

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