By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration said it was investigating a United Airlines Boeing 767-300 flight that lost an emergency evacuation slide on Monday shortly before landing safely in Chicago. After United Airlines Flight 12, with 155 passengers and 10 crew, landed in Chicago from Zurich, Switzerland, maintenance workers discovered the slide…
By Nathan Layne (Reuters) – Former Arkansas Governor Asa Hutchinson, a Republican running for U.S. president, said on Monday that Donald Trump has “done great harm” to trust in federal law enforcement through “self-serving” attempts to undermine investigations of his conduct. Hutchinson, one of the few Republicans seeking the 2024 nomination who has criticized the…
By Jorge Garcia and Brad Brooks DEATH VALLEY, California (Reuters) – An extreme heatwave peaked in the western United States on Sunday, with temperatures reaching 128 Fahrenheit (53 Celsius) in the California desert, while flash flooding continued to menace the Northeast, killing at least five people. Nearly a quarter of the U.S. population fell under…
(Reuters) -Angelo Mozilo, who propelled Countrywide Financial Corp into the largest U.S. mortgage lender before its crash in the 2008 financial crisis, has died, his family foundation said. Mozilo, 84, died of natural causes, the foundation said in a statement on Sunday. He became the face of the mortgage meltdown when the subprime crisis surfaced…
By Jonathan Stempel (Reuters) – The U.S. government on Monday sued a New York-based company for allegedly operating a so-called “massive ‘consent farm’ enterprise” to trick nearly 1 million people a day into providing personal information and consent to receive telemarketing calls. Fluent LLC was accused of having since 2011 used deceptive ads and websites…
(Reuters) – Salesforce appointed Wachtell, Lipton’s Sabastian Niles as its chief legal officer on Monday, months after the leading activist lawyer helped defend the business software provider against several hedge funds that had called for changes at the company. “I’m thrilled to welcome Sabastian to Salesforce as part of our world-class management team,” CEO Marc…
By Paritosh Bansal (Reuters) -At $25 trillion, the U.S. Treasury market is massive. And yet, small independent broker-dealers say they are running out of room to operate there. Over the past decade, at least eight independent broker-dealers have been either bought by bigger firms or closed shop, a Reuters tally shows, taking out intermediation capacity…
By John Kruzel WASHINGTON (Reuters) – A group of individual plaintiffs on Monday asked the U.S. Supreme Court to temporarily halt Microsoft’s $69 billion acquisition of Activision Blizzard, the largest in the history of the videogame industry. The bid by the plaintiffs was separate from a request by the U.S. Federal Trade Commission to pause…
GANDHINAGAR, India (Reuters) – The world economy is in a difficult place but it is not destined to stay there, World Bank President Ajay Banga said on Monday. The World Bank last month cut its 2024 forecast for global economic growth to 2.4% from 2.7% earlier, citing global monetary tightening. “The fact is that the…
By Nathan Gomes (Reuters) -Ford deepened a price war in the electric-vehicle industry on Monday by slashing the prices of its F-150 Lightning trucks, including a 17% cut for the base model, as it aims to boost its share of an EV market dominated by Tesla. Ford’s shares closed down 6% at $14.09. The Detroit-based…
