By Brendan Pierson (Reuters) – A court-appointed panel on Friday recommended how to divvy up a pool of $2.13 billion in legal fees from nationwide drug industry settlements over the U.S. opioid crisis, with top firms set to receive hundreds of millions of dollars. The panel gave national firm Motley Rice the largest share, with…
By Timothy Gardner WASHINGTON (Reuters) – The United States could revive some of its recently retired nuclear power plants to help meet rising demand for zero-emissions electricity, or add reactors to existing sites, Energy Secretary Jennifer Granholm said in an interview. The administration of President Joe Biden believes nuclear power is critical to meeting greenhouse…
By Joey Roulette and Steve Gorman CAPE CANAVERAL, Florida (Reuters) – Boeing’s new Starliner astronaut capsule is poised for launch on Saturday in a much-delayed first crewed test flight, a milestone in the beleaguered aerospace giant’s aim to compete with Elon Musk’s SpaceX in the astronaut launch business. The CST-100 Starliner with two astronauts aboard…
By David Shepardson and Allison Lampert WASHINGTON (Reuters) -The U.S. Federal Aviation Administration (FAA) is investigating a Boeing whistleblower’s claims that the company dismissed safety and quality concerns in the production of the planemaker’s 787 and 777 jets, an agency spokesperson said on Tuesday. The planemaker has been grappling with a full-blown safety crisis that…
(Reuters) -Photoshop maker Adobe raised its revenue forecast for fiscal 2024 on Thursday as more businesses and consumers take to its artificial intelligence-powered editing tools amid signs of an easing economy. Shares of the San Jose, California-based company jumped 14% in extended trading. The company now expects revenue of between $21.40 billion and $21.50 billion,…
(Reuters) – Investment platform Linqto has agreed to go public through a merger with special purpose acquisition company (SPAC) Blockchain Coinvestors Acquisition in a deal valued at $700 million, the companies said on Tuesday. San Jose, California-based Linqto, which has more than 750,000 users in 110 countries, allows users to make investments in unicorns –…
MEXICO CITY (Reuters) -Walmart’s Mexico and Central America unit posted a 9.3% year-on-year climb in its second-quarter net profit on Wednesday, as its sales and in-store traffic grew. Net profit reached 12.51 billion pesos ($684.12 million), from revenues up 6.4% to 225.75 billion pesos, the company said in a statement. Same-store sales in the quarter…
(Reuters) – GameStop is back in the limelight after a hiatus of three years with the return of social media influencer “Roaring Kitty” Keith Gill, a key figure in the Reddit-driven “meme stock” rally of 2021. Here is a timeline of the key developments for the struggling video game retailer: July 27, 2020- “Roaring Kitty”…
By Nora Eckert DETROIT (Reuters) – Ford Motor is trying to get more of its managers to buy electric vehicles, according to an internal email the automaker sent last week that was reviewed by Reuters. The Dearborn, Michigan-based company changed a leasing program it offers to eligible current and former managers, now requiring them to…
Juan Ortega, Executive Vice President of Chubb Ltd (CB), sold 4,357 shares of the company on December 2, 2025, bringing his total ownership to 36,0…
