(Reuters) – U.S. defense contractor Lockheed Martin said on Wednesday it was continuing to work with the government on capability and performance upgrades for its F-35 jets. Lockheed, which expects the jet to remain in service until 2070, said it would upgrade the engine to help deliver more power and greater cooling capability. “We stand…
By David Shepardson WASHINGTON (Reuters) – The pilot of a light private plane that caused a security scare on June 4 when it flew over restricted airspace near Washington before crashing, killing all aboard, did not respond to air traffic control minutes into the flight, investigators said on Wednesday. The National Transportation Safety Board (NTSB)…
By Andrew Goudsward (Reuters) – Vice President Kamala Harris broke a deadlock in the U.S. Senate on Wednesday to secure confirmation for a civil rights lawyer nominated to be a federal judge in New York. Natasha Merle, who works on litigation for the NAACP Legal Defense and Educational Fund, was confirmed to the U.S. District…
By Caroline Valetkevitch NEW YORK (Reuters) – Global stock indexes fell on Wednesday as Federal Reserve Chair Jerome Powell said the fight to lower inflation still has a “long way” to go, while grains prices jumped on worries about crop shortfalls around the globe. The U.S. dollar was lower and Treasury yields were little changed….
(Reuters) – Book publisher Simon & Schuster has received a buyout bid from investor Richard Hurowitz, with backing from Abu Dhabi sovereign investor Mubadala Investment Company, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Reuters had in February reported that Paramount Global, the owner of Simon & Schuster, was making…
(Reuters) – Intelsat SA has ended negotiations to combine with SES SA as it was not able to reach an agreement with the satellite company and its major stakeholders, Bloomberg News reported on Wednesday citing people familiar with the matter. SES had said in March it was in talks with Intelsat over a possible combination…
By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve should not raise interest rates further or it would risk “needlessly” sapping the strength of the U.S. economy, Atlanta Federal Reserve President Raphael Bostic said on Wednesday in written remarks and a subsequent interview arguing officials need to wait longer for the impact of previous rate…
By Juliette Jabkhiro and Michel Rose PARIS (Reuters) – Rahman Oliur was anxiously waiting at a corner of a Parisian street on Wednesday, shortly after a blast ripped through it, injuring at least 30 and blowing up the front of his bazaar. “The shop exploded. It felt like it was a bomb, an attack,” said…
By Jody Godoy (Reuters) – Former Goldman Sachs banker Brijesh Goel’s trial on insider trading charges drew to a close on Tuesday, with his attorney saying he was framed by his friend and a prosecutor saying Goel had lied to a New York jury. Goel, a former Goldman Sachs vice president, faces securities fraud, conspiracy…
By Patrick Wingrove NEW YORK (Reuters) -The Pharmaceutical Research and Manufacturers of America (PhRMA), the leading industry lobby group, and two other organizations on Wednesday said they were suing the U.S. government to block enforcement of a program that gives Medicare the power to negotiate drug prices. In a complaint filed in a federal court…
