By Karen Freifeld (Reuters) -President Joe Biden is expected to issue his long-awaited executive order to screen outbound investments in sensitive technologies to China early next week, according to people familiar with the matter. A White House spokesman declined to comment. The goal of the order is to prevent U.S. capital and expertise…
(This Aug. 3 story has been corrected to say ‘Justin Pearson’ instead of ‘Justin Nelson’ in paragraph 2) (Reuters) – Two Democratic lawmakers who were expelled from the Tennessee legislature earlier this year after angering the Republican majority with a protest against gun violence won a special election on Thursday to serve out the remainder…
(Adds attribution in headline) (Reuters) – Party City Holdco is considering splitting up its balloon manufacturing and retailing businesses as the latter charts a course out of bankruptcy, Bloomberg News reported on Friday, citing people familiar with the situation. The company has held confidential talks with debt holders about spinning off its Anagram unit, the…
By David Brunnstrom WASHINGTON (Reuters) – A bipartisan group of U.S. senators has proposed legislation to support establishment of national security councils in strategic Pacific island states that are home to key U.S. military installations and at risk of espionage and coercion by China. The provisions are contained in the sweeping National Defense Authorization Act,…
(Reuters) – Trucking firm Yellow is considering a sale of assets and real estate through a bankruptcy filing, which may come as soon as this weekend, Bloomberg News reported on Friday, citing people with knowledge of the situation. The company’s assets have attracted the interest of a potential financial bidder, the report said adding that…
By Svea Herbst-Bayliss NEW YORK (Reuters) – ValueAct Capital is reordering its management team and promoting long-time partner Robert Hale to co-chief executive alongside Mason Morfit as the investment firm focuses more heavily on Japan and wants to simplify its own organization. At the same time, ValueAct told investors in a letter seen by Reuters…
By Rachel Nostrant (Reuters) – The U.S. multistate Mega Millions lottery jackpot has reached an estimated $1.25 billion, with ticket holders anxiously waiting for their 1-in-300 million chance to win big in Friday evening’s drawing. The jackpot prize, worth about $625.3 million in cash, is the fourth largest in the game’s history. To win, a…
(Reuters) -Gunfire rang out again at Florida’s Marjory Stoneman Douglas High School on Friday, this time as part of a reenactment of the shooting five years ago that killed 14 students and three faculty members. The re-staging of the school shooting, one of the deadliest in U.S. history, was part of a civil lawsuit against…
By Phil Stewart WASHINGTON (Reuters) – The United States has declined so far to classify Army Private Travis King as a prisoner of war, despite his being taken into North Korean custody after he crossed into the country last month, four U.S. officials told Reuters. The decision, which could mean King is not covered by…
By Daniel Wiessner (Reuters) -The U.S. workplace safety regulator said Amazon.com Inc has subjected workers at yet another of its sprawling warehouses to hazardous conditions by imposing onerous production quotas and failing to provide proper medical care. The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) on Thursday said workers at the Logan…
