WASHINGTON (Reuters) – U.S. President Joe Biden said on Thursday he had asked Acting Labor Secretary Julie Su to issue a heat hazard alert, clarifying that workers have heat-related protections as temperatures soar nationwide. Biden, speaking at the White House, also said that the U.S. Forest Service will award $1 billion grants to help towns…
By Arunima Kumar and Divya Rajagopal (Reuters) -The CEO of Teck Resources Ltd said on Thursday that the Canadian miner is considering a range of proposals including a partial sale of its coal business from various interested parties after Glencore offered up to $8.2 billion for the unit. Teck is banking on the limited coking…
MADRID (Reuters) – Infrastructure giant Ferrovial on Thursday reported a first-half net profit of 114 million euros ($125 million), more than double what it netted a year ago, helped by improving revenue from its motorway operations in North America. Revenue from highways rose 38% to 492 million euros, mainly on the back of its toll…
By David Brunnstrom WASHINGTON (Reuters) – U.S. President Joe Biden is expected to host the leaders of Japan and South Korea in a trilateral summit at Camp David next month, the co-chair of the U.S. congressional caucus on Korea said on Thursday. Democratic congressman Ami Bera told a Washington think tank he anticipated the summit…
By Leroy Leo and Patrick Wingrove (Reuters) -AbbVie on Thursday trimmed its 2023 view for declining sales of its flagship arthritis drug Humira despite new competition, as favorable positions on insurance drug coverage lists helped it continue to reach U.S. patients. The U.S. drugmaker said it now expects Humira sales to fall by 35% instead…
UNITED NATIONS (Reuters) – A coup in Niger could have a “negative impact” on the United Nations withdrawing its decade-long peacekeeping operation in neighboring Mali, U.N. spokesperson Stephane Dujarric said on Thursday. The U.N. Security Council last month ended the mission in Mali after the West African country’s military junta abruptly asked the 13,000-strong force…
By David Shepardson WASHINGTON (Reuters) – A bill to raise the mandatory commercial pilot retirement age to 67 from 65 and make other aviation reforms has stalled due to disagreements on whether to revise pilot training rules. Last week, the U.S. House of Representatives voted 351-69 to pass the bill that would reauthorize U.S. FAA…
By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court on Thursday removed an obstacle to completing the long-delayed Mountain Valley Pipeline, dealing a blow to environmental groups opposed to the West Virginia-to-Virginia pipeline led by energy company Equitrans Midstream. The justices granted Mountain Valley Pipeline LLC’s request to lift stays imposed by a lower…
By Pratyush Thakur and Mike Stone (Reuters) -Northrop Grumman raised its full-year profit and revenue forecasts on Thursday, but shares slid when the company said it would not compete as a prime contractor for the U.S. Air Forces’ sixth-generation fighter jet. Shares were down 4.2% during trading in New York. Northrop, Lockheed Martin Corp and…
By Katie Paul and Yuvraj Malik (Reuters) – Meta Platforms on Wednesday reported a strong rise in advertising revenue, topping Wall Street financial targets for the second quarter and forecasting third-quarter revenue above market expectations. The results from Meta, Facebook’s parent company, come a day after a strong performance from Alphabet’s Google and make the…
