By Jonathan Stempel NEW YORK (Reuters) – A federal judge has dismissed a shareholder lawsuit accusing JPMorgan Chase Chief Executive Jamie Dimon and his board of directors of ignoring red flags surrounding disgraced former client Jeffrey Epstein. In a Wednesday evening decision, U.S. District Judge Jed Rakoff said shareholders led by Miami and Pittsburgh pension…
By Hyunsu Yim SEOUL (Reuters) -North Korean leader Kim Jong Un replaced the military’s top general and called for more preparations for the possibility of war, a boost in weapons production, and expansion of military drills, state media KCNA reported on Thursday. Kim made the comments at a meeting of the Central Military Commission which…
(Reuters) -Florida Governor Ron DeSantis on Wednesday suspended a county prosecutor after accusing her of being soft on crime, making her the second elected Democratic law-enforcement official to be removed by the Republican presidential hopeful. DeSantis issued an executive order suspending Monique Worrell, the lead prosecutor in Orange and Osceola counties, and replacing her with…
(Reuters) -Demand for power in Texas hit a record high on Wednesday for the second time this week and ninth time this summer as homes and businesses powered their air conditioners to escape a lingering heat wave. After setting 11 new highs for demand last summer, the Electric Reliability Council of Texas (ERCOT) said power…
By David Shepardson (Reuters) -U.S. passenger railroad Amtrak and Texas Central Partners said on Wednesday they are seeking federal grants for proposed high-speed rail service between Dallas and Houston. The proposed 240-mile (380km) route would mean a less than 90-minute trip between two of the top five major U.S. metropolitan areas. Texas Central and Amtrak…
By Gloria Dickie LONDON (Reuters) – A dangerous combination of heat and humidity is sweeping the Gulf region this week, hitting cities from Dubai to Doha. Dubai, for example, is forecast to see air temperatures hover around 43 degrees Celsius (109 degrees Fahrenheit). But climate experts say air temperature alone can be misleading. Meteorologists are…
By David Shepardson WASHINGTON (Reuters) -U.S. regulators said on Wednesday they would extend temporary cuts to minimum flight requirements at congested New York City-area airports and Washington National Airport through Oct. 28, citing air traffic controller staffing issues. The Federal Aviation Administration (FAA) in March agreed to the request of Delta Air Lines and United…
By Nate Raymond BOSTON (Reuters) – Harvard University on Wednesday lost a bid for an insurer to cover up to $15 million of the costs of defending itself in a lawsuit that led to the U.S. Supreme Court barring it and other colleges from considering race as an admissions factor. The Boston-based 1st U.S. Circuit…
(Reuters) – A U.S. nurse and her child have been safely released after their kidnapping in Haiti two weeks ago, a faith-based humanitarian aid organization where the nurse works said on Wednesday. “We are so thankful for everyone who joined us in prayer and supported us during this crisis,” humanitarian aid organization El Roi Haiti…
By Echo Wang (Reuters) – U.S. stocks closed lower on Wednesday, the day after a report showed Americans borrowed more than ever on their credit cards in the last quarter, and a day ahead of U.S. Consumer Price Index (CPI) inflation data that could influence Federal Reserve interest rate decisions. “The markets today are just…
