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…
By Valentine Hilaire MEXICO CITY (Reuters) -Mexican bottler and retailer Femsa could spend $7 billion to $8 billion on new store openings over the next five to six years, an executive said following the release of second-quarter earnings boosted by more convenience stores. Femsa, which is selling stakes in Dutch brewing giant Heineken and Jetro…
By Aditya Soni (Reuters) -Meta shares surged nearly 8% on Thursday as a rosy revenue forecast showed that artificial intelligence was helping the social media giant boost engagement and ad sales even in an uncertain economy. The Facebook owner was set to add about $60 billion to its market value after strong second-quarter earnings encouraged…
By Kanishka Singh and Michael Martina WASHINGTON (Reuters) – China is helping Russia evade Western sanctions and likely providing Moscow with military and dual-use technology for use in Ukraine, according to an unclassified U.S. intelligence report released on Thursday. The assessment by the Office of the Director of National Intelligence (ODNI) was published by the…
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy grew faster than expected in the second quarter as a resilient labor market supported consumer spending, while businesses boosted investment in equipment and built more factories, potentially keeping a much-feared recession at bay. Despite the broad-based acceleration in growth reported by the Commerce Department on Thursday,…
By David Shepardson WASHINGTON (Reuters) -The U.S. Environmental Protection Agency said on Thursday it sent letters to AT&T and Verizon requiring both companies to quickly provide the agency with information in its ongoing review of risks posed by lead-clad telecom cables. The EPA said it is closely reviewing issues raised in the Wall Street Journal’s…
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury on Thursday said Ethan Zindler, a climate and clean energy research executive, has been named the department’s new climate counselor, charged with leading its efforts to unlock financing to achieve a net-zero carbon emissions economy. Zindler replaces John Morton, who stepped down in December from running…
