(Reuters) -Odey Asset Management has suspended its flagship hedge fund after it was hit with redemption requests following the removal of founder Crispin Odey, Bloomberg News reported on Monday. The company received withdrawal requests that amounted to over 19% of the Odey European Inc hedge fund for its next dealing day on July 3, the…
By Andrew Chung (Reuters) -The U.S. Supreme Court on Monday dismissed a Republican bid to defend a Louisiana electoral map that was challenged as discriminatory in a case that could lead to the creation of a second majority-Black congressional district in the state. The justices dismissed the appeal by Louisiana Secretary of State Kyle Ardoin…
By David Shepardson WASHINGTON (Reuters) -Honda Motor is recalling 1.3 million vehicles worldwide due to a potential issue with the rearview camera image, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday. The recall covers some 2018-2023 Odyssey, 2019-2022 Pilot, and 2019-2023 Passport vehicles. Due to a faulty communication coaxial cable connector, the…
(Reuters) -Aston Martin Lagonda has forecast it would hit targets of 500 million pounds ($635.85 million) in adjusted profit and 2 billon pounds in revenue by 2024-2025, the Financial Times reported on Monday. The luxury carmaker, which had the capacity to sell 10,000-15,000 models a year, will likely sell “maybe 17 (thousand) at its peak…
By David Shepardson WASHINGTON (Reuters) – A group of bipartisan U.S. lawmakers said on Monday they are making a new push to expand government authority to detect and destroy drones that could pose security threats. Representatives Chrissy Houlahan, Mike Gallagher, Troy Carter and Mike Johnson introduced legislation that would allow state and local law enforcement…
(This June 23 story has been corrected to change Turley’s affiliation to George Washington University from Georgetown University in paragraph 5) By David Morgan WASHINGTON (Reuters) – Two of Donald Trump’s staunchest allies in the U.S. Congress have introduced legislation aimed at expunging the former president’s two impeachments, a legislative maneuver without precedent in U.S….
WASHINGTON (Reuters) -Publishers Clearing House (PCH), which offers sweepstakes where people can win thousands of dollars per week for life, has agreed to pay $18.5 million and change its business practices to settle allegations it misled consumers about its contests, the U.S. Federal Trade Commission (FTC) said on Monday. The FTC had accused PCH of…
SINTRA, Portugal (Reuters) – The world’s top central banks may need longer to get inflation back down to target and a fresh bout of financial turbulence could make the process even more protracted, the International Monetary Fund’s second-in-command said on Monday. Central banks have raised interest rates at a brisk pace over the past year-and-a-half…
By David Shepardson WASHINGTON (Reuters) -U.S. Federal Trade Commission Chair Lina Khan is set to testify on July 13 before the House Judiciary Committee led by Republicans who have sharply criticized her leadership of the antitrust enforcement agency, the committee and commission confirmed on Friday. This will be her first appearance before the committee since…
By David Morgan WASHINGTON (Reuters) – The top Republican in the U.S. House of Representatives is threatening an impeachment investigation of Attorney General Merrick Garland over the Justice Department’s criminal probe of President Joe Biden’s son, Hunter. House Speaker Kevin McCarthy tweeted on Sunday that U.S. Attorney David Weiss, the federal prosecutor appointed by Republican…
