DUBAI (Reuters) – A U.S.-led naval coalition in the Gulf has warned ships in the region to stay away from Iranian waters to avoid possible seizure, the U.S. Navy said. The warning shows tensions remain high in and around the Strait of Hormuz, where Iran seized tankers in late April and early May, while Washington …
U.S.-led naval group warns ships to avoid Iranian waters to avoid seizure Read More »
By David Shepardson (Reuters) -The U.S. Federal Aviation Administration (FAA) and National Transportation Safety Board said on Saturday they were investigating a near collision between a Southwest Airlines Boeing 737 and a Cessna Citation 560X business jet in San Diego, the latest in a series of troubling U.S. aviation incidents. The FAA said its preliminary …
US agencies investigate close call between Southwest plane, Cessna Read More »
By Mrinmay Dey (Reuters) -Nikola said on Friday it was recalling all the battery-powered electric trucks that it has delivered till date and is suspending sales after an investigation into recent fires found a coolant leak inside a battery pack as the cause. There are a total of 209 battery-powered electric trucks in the marketplace …
Nikola recalls all battery-electric trucks, halts sales after fire probe Read More »
By Blake Brittain (Reuters) – Universal Music Group, Sony Music Entertainment and other record labels on Friday sued the nonprofit Internet Archive for copyright infringement over its streaming collection of digitized music from vintage records. The labels’ lawsuit filed in a federal court in Manhattan said the Archive’s “Great 78 Project” functions as an “illegal …
Music labels sue Internet Archive over digitized record collection Read More »
By John Kruzel and Andrew Chung WASHINGTON (Reuters) -The U.S. Supreme Court on Thursday agreed to hear a challenge by President Joe Biden’s administration to the legality of OxyContin maker Purdue Pharma’s bankruptcy settlement, putting on hold a deal that would shield its wealthy Sackler family owners from lawsuits over their role in the country’s …
US Supreme Court halts Purdue Pharma bankruptcy settlement pending review Read More »
SAO PAULO (Reuters) – Ford’s Brazilian unit on Friday said it reached a transfer agreement with the government of Bahia state to give it ownership of a factory complex closed since 2021. The automaker said the agreement will provide it with “compensation in amounts compatible with the market,” but did not disclose an amount. Chinese …
Ford reaches deal to move industrial unit to Brazil’s Bahia state Read More »
By David French (Reuters) – The S&P 500 and the Nasdaq Composite fell on Friday and posted their second straight weekly losses, as hotter-than-expected U.S. producer prices data pushed Treasury yields higher and sank rate-sensitive megacap growth stocks. The Dow Jones Industrial Average closed higher for the day and ended the week up 0.6%. It …
Big tech losses sink Nasdaq, S&P as US Treasury yields rise Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) – Several prominent investors including hedge fund Baupost Group and mutual fund giant Fidelity bought or increased their holdings in retailer Amazon.com during the second quarter as its stock surge helped fuel Wall Street’s rally. Baupost Group owned 963,946 shares in Amazon on June 30, according to a regulatory …
Prominent investors rekindle affection for Amazon in Q2 as stock price jumps Read More »
(Corrects , in second paragraph) By Tom Hals and Jody Godoy WILMINGTON, Delaware (Reuters) – A Delaware judge approved AMC Entertainment’s revised stockholder settlement on Friday, three weeks after the judge rejected a related deal by the cinema operator. The ruling sent the shares of the company’s preferred stock soaring 27%. The company’s common stock …
AMC Entertainment gets approval for revised investor settlement, preferred stock soars Read More »
(Reuters) -Fox Corp said on Friday that Chief Legal Officer Viet Dinh was stepping down, a high-profile exit that follows its $787.5 million settlement in April of a defamation lawsuit filed by Dominion Voting Systems over its 2020 U.S. election coverage. Dinh, who will exit the role at the end of 2023, joined Fox in …
Fox’s legal head to step down in another major exit after Dominion settlement Read More »
