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TOKYO (Reuters) -Nissan supplier Marelli Corp filed for Chapter 11 bankruptcy protection in the United States on Wednesday, the Japanese auto parts company said in a statement, after months of uncertainty about its talks with creditors. The maker of car interiors and lighting, which is owned by private equity firm KKR, said it had secured …

Nissan supplier Marelli files for Chapter 11, secures $1.1 billion in new financing Read More »

By Leah Douglas WASHINGTON (Reuters) -U.S. states will not be able to fully administer food stamp benefits for millions of the nation’s poor if a proposal in the Republican tax bill forcing them to shoulder billions of dollars in new costs is signed into law, according to state officials, local government associations and policy experts. …

States would struggle to administer food stamp benefits under Republican tax bill Read More »

By David Shepardson WASHINGTON (Reuters) -President Donald Trump’s nominee to head the Federal Aviation Administration vowed on Wednesday to hold Boeing accountable after a series of safety issues raised questions about the U.S. planemaker. Republic Airways CEO Bryan Bedford said at a Senate Commerce Committee confirmation hearing that there were “some really hard lessons learned” …

Trump’s FAA nominee vows to hold Boeing ‘accountable’ Read More »

By Prakhar Srivastava and Arasu Kannagi Basil (Reuters) -Voyager Technologies secured a valuation of $3.8 billion after the defense and space firm’s shares more than doubled in their U.S. debut, signalling strong interest in the sector expected to thrive under the Trump administration. The Denver, Colorado–based company’s stock opened 125% higher on Wednesday at $69.75 …

Space tech firm Voyager valued at $3.8 billion as shares surge in NYSE debut Read More »

(Reuters) -Voyager Technologies raised $382.8 million in its U.S. initial public offering, the space and defense tech company said on Tuesday, amid a global rush to amp up military spending. The company, which provides mission-critical space and defense technology solutions, along with some investors sold roughly 12.35 million shares at $31 per share, above its …

Space and defense tech firm Voyager raises $382.8 million in US IPO Read More »

By Sarupya Ganguly BENGALURU (Reuters) -U.S. Treasury yields are set to decline further according to bond strategists who are clinging to expectations the Federal Reserve resumes cutting interest rates after pausing for more than half a year even as dealers are set to underwrite a deluge of new supply. A slight majority now expect another …

Hopes for Fed rate cuts keep US Treasury yield views low ahead of supply deluge: Reuters poll Read More »

By Diana Novak Jones (Reuters) -Ride-hailing company Uber filed a lawsuit against a Miami law firm and a Miami medical center accusing them of orchestrating a medical and insurance scam that involved staged car collisions. Uber, in the lawsuit filed on Tuesday in federal court in Miami, accuses personal injury firm Law Group of South …

Uber sues Florida law firm, medical clinics for fraud over car crashes Read More »