By David Shepardson (Reuters) -United Auto Workers (UAW) President Shawn Fain said on Tuesday the union was seeking ambitious benefit increases in contract talks with the Detroit Three automakers, including double-digit pay rises and defined-benefit pensions for all workers. The UAW presented its economic demands to Chrysler-parent Stellantis on Tuesday and will make presentations to…
By Safiyah Riddle (Reuters) – U.S. housing vacancy rates edged lower in the second quarter, according to a government report on Wednesday, intensifying a nationwide housing shortage that has propped up rents and home prices against the downward pressure of high mortgage rates. The national homeowner vacancy rate was 0.7%, little changed from a record-low…
(Reuters) -The U.S. National Institutes of Health (NIH) said on Wednesday that Jeanne Marrazzo had been selected to head its infectious diseases institute, months after its long-time director Anthony Fauci stepped down from the position. Fauci is the top U.S. infectious disease official who became the face of America’s response to the COVID-19 pandemic under Presidents…
(Reuters) -Britain’s competition regulator said on Wednesday it was investigating Cameco Corp and Brookfield Renewable Partners’ $7.9 billion deal to acquire nuclear power plant equipment maker Westinghouse Electric. The Competition and Markets Authority (CMA) said it had invited comments on the deal from interested parties. It did not give any further details. The deal was…
By David Shepardson WASHINGTON (Reuters) -The U.S. House of Representatives Oversight Committee said on Wednesday it is opening an investigation into China’s suspected involvement in recent breaches of Commerce and State department email systems. Representative James Comer, who chairs the committee, and the heads of two subcommittees asked Commerce Secretary Gina Raimondo and Secretary of…
By Jack Queen (Reuters) – Prosecutors who charged Donald Trump and two aides with mishandling classified documents asked a judge on Wednesday for a hearing over potential conflicts of interest with one of the men’s lawyers. Stanley Woodward, a lawyer for Trump aide Walt Nauta, has represented or is currently representing three people who might…
By Steven Scheer JERUSALEM (Reuters) -Teva Pharmaceutical Industries on Wednesday reported higher-than-expected second-quarter profit, boosted by a sharp gain in sales of its Austedo treatment for Huntington’s disease that helped send its shares up as much as 14%. Chief Executive Richard Francis, who took the reins at the start of the year, is betting a…
By Svea Herbst-Bayliss and Pratyush Thakur (Reuters) -Industrial equipment auctioneer RB Global Inc said on Wednesday it replaced its chief executive officer, Ann Fandozzi, who recently spearheaded a $7.3 billion acquisition, amid a dispute over equity compensation. The company, formerly called Ritchie Bros Auctioneers, said Jim Kessler, its former chief operating officer and president, has…
WASHINGTON (Reuters) – Republicans in the U.S. House of Representatives sought to defend Donald Trump against his latest criminal indictment on Wednesday, by casting the former president as the victim of what they called a politically motivated prosecution. A day after Trump was indicted for his attempts to overturn the 2020 election, some of Trump’s…
By Giuseppe Fonte and Angelo Amante ROME (Reuters) – Italy plans to set up a fund with at least 2 billion euros ($2.2 billion) at its disposal to bolster strategically important supply chains, a draft bill seen by Reuters showed. The “Made in Italy” fund will have an initial endowment of 700 million euros in…
