By Gram Slattery and David Shepardson YORK, Pennsylvania (Reuters) -Republican presidential candidate Donald Trump pledged on Monday to rescind a Biden administration rule limiting power plant pollution, and reiterated a promise to block Nippon Steel’s planned purchase of U.S. Steel. In the most detailed economic remarks he has offered on the campaign trail so far,…
By Joey Roulette WASHINGTON (Reuters) – A four-person crew for SpaceX’s Polaris Dawn mission arrived in Florida on Monday ahead of their Aug. 26 launch to space for a mission that includes the first privately managed spacewalk, a risky endeavor only government astronauts have done in the past. The crew – a billionaire entrepreneur, a…
KYIV (Reuters) – Ukraine’s military said its troops were subjected to dozens of attacks by Russian forces on Monday around Toretsk and Pokrovsk, two settlements in eastern Ukraine where Moscow is gaining ground against embattled Ukrainian forces. In a statement, the military said Russian troops attacked Ukrainian defenders 21 times over the course of Monday…
By Allison Lampert and David Shepardson WASHINGTON (Reuters) -Boeing’s new CEO Kelly Ortberg said on Thursday he would be based in the planemaker’s birthplace Seattle, moving closer to the factory floor to rein in a safety crisis. Ortberg’s confirmation of earlier reports that he would move to Puget Sound, Washington, rather than Boeing’s corporate headquarters…
(Reuters) – Online travel agency Expedia beat analysts’ expectations on Thursday for second-quarter profit, helped by sustained demand for international travel, sending its shares up 7% after the bell. “The travel environment was healthy in the second quarter and like the last few quarters, we saw strong ongoing demand internationally relative to the US,” CEO…
By Rajesh Kumar Singh and David Shepardson CHICAGO/WASHINGTON (Reuters) -Delta Air Lines said on Thursday it is pursuing legal claims against CrowdStrike and Microsoft after a global outage last month caused mass flight cancellations, disrupting travel plans of 1.3 million customers and costing it at least $500 million. A software update last month by global…
By Pete Schroeder WASHINGTON (Reuters) -The U.S. Federal Reserve announced on Thursday it had imposed an enforcement action against Customers Bancorp for “significant deficiencies” around the bank’s risk-management and anti money-laundering practices. The bank’s stock fell by more than 20% after the Fed announced the action, but pared losses to close 13.3% lower at $47.01…
By Granth Vanaik (Reuters) – Shares of Instacart rose more than 10% in premarket trading on Wednesday as strong demand for grocery delivery and promising signs of growth in its advertising business helped the company forecast an upbeat current quarter. The San Francisco-based company has seen its stock claw back its value, after falling over…
By Anirban Sen (Reuters) – Walt Disney said on Wednesday it may have to pay up to $5 billion more to buy Comcast’s minority stake in Hulu, if an appraiser were to agree with Comcast’s assessment that the stake should be valued at more than $40 billion. Earlier this year, Disney and Comcast hired investment…
NEW YORK (Reuters) – Shares of Lumen Technologies surged 30% on Wednesday, extending gains from the previous session, after the telecommunications company boosted its annual free-cash-flow forecast due to demand related to artificial intelligence. Lumen shares were trading at $6.54 per share after hitting an intra-day high of $7.83, which is the highest since October…
