By John Kruzel WASHINGTON (Reuters) – Senate Democrats are pursuing legislation this week that would set a binding ethics code for the U.S. Supreme Court following revelations that some conservative justices have failed to disclose luxury trips and real estate transactions – a measure facing an uphill battle thanks to Republican opposition. Senate Judiciary Committee…
By David French (Reuters) – Bain Capital has raised $1.15 billion for its first fund dedicated to investing in the insurance industry, as the private equity firm aims to create and invest in companies in the sector, a senior executive told Reuters. The fund exceeded its initial $750 million target through backing from high-net-worth individuals,…
By Arshreet Singh (Reuters) – Major North American copper miners are likely to report a fall in second-quarter profits, as global growth concerns dented realized prices for the red metal and labor costs remained high. Freeport-McMoRan, Southern Copper and Teck Resources are estimated to post a combined adjusted profit of $1.53 billion for the April-June…
BEIJING (Reuters) – U.S. climate envoy John Kerry said more work was needed to iron out agreements with China on major issues, after three days of talks in Beijing designed to rebuild trust between the world’s two biggest greenhouse gas emitters. “We – our team and the United States administration – came to Beijing in…
By Rachna Uppal ABU DHABI (Reuters) – Abu Dhabi, the capital of major oil exporter United Arab Emirates, plans to double the contribution from its industrial sector to GDP, a senior government official said on Wednesday, amid growing regional competition to diversify from oil. Last year the industrial sector’s contribution to Abu Dhabi’s gross domestic…
By Manya Saini and Laura Matthews (Reuters) -Exchange operator Nasdaq beat estimates for second-quarter profit on Wednesday on the back of consistent demand for its investment-related products and capital markets solutions such as anti-financial crime software. In recent years, the company has rejigged its business model away from market-sensitive businesses such as listing fees from…
By Ju-min Park SEOUL (Reuters) – American and South Korean guards shouted “get him” as they scrambled unsuccessfully to stop U.S. Army soldier Travis King from sprinting into North Korea, a New Zealand woman who was on the same tour to the border area said on Wednesday. “It all happened pretty quickly,” said Sarah Leslie,…
By Victoria Waldersee BERLIN (Reuters) – Tesla is planning sweeping changes to its factory near Berlin, including extensions to its battery cell production, indicating ramp-up plans remain underway despite a recent shift in focus to scaling up in the United States. A day after Tesla sought to assuage local concerns with a question-and-answer session on…
By Rajesh Kumar Singh CHICAGO (Reuters) -American Airlines’ pilot union has warned that the ratification of the company’s new contract deal is in “jeopardy” as United Airlines has raised the benchmark with its own deal, according to a union memo seen by Reuters. American pilots are due to start voting next week on a new…
By Arathy Somasekhar and Arunima Kumar (Reuters) -Halliburton Co and Baker Hughes Co on Wednesday reported results that beat analysts’ estimates for second-quarter profit, but the oilfield services firms warned of weakness in U.S. shale activity for the rest of the year. Weaker oil and gas prices have forced U.S. shale producers to cut the…
