By Jose Luis Gonzalez and Steve Gorman TRUTH OR CONSEQUENCES, New Mexico (Reuters) – A three-man crew from Italy is set on Thursday to board a passenger rocket plane operated by Virgin Galactic, the venture British billionaire Richard Branson founded in 2004, for the company’s first commercial flight to the edge of space. The two…
By Jack Queen (Reuters) – The Canadian Broadcasting Corporation (CBC) must face a defamation lawsuit by a U.S. charity alleging the publicly funded news outlet repeatedly aired false claims that it deceived its donors, a Washington, D.C., federal judge has ruled. U.S. District Judge Randolph D. Moss on Tuesday rejected the CBC’s bid to dismiss…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The cold reality of ‘higher for longer’ interest rates that cooled investor sentiment on Wednesday will lend a cautious tone to Asian trading on Thursday, with investors also wary of potential action from Tokyo and…
By Daina Beth Solomon and Laura Gottesdiener NUEVO LAREDO, Mexico (Reuters) – The U.S. government is restarting asylum appointments at a dangerous Mexican border town, according to Customs and Borders Protection (CBP), just days after U.S. officials suspended the scheduling of appointments there because drug cartels were extorting migrants. The reversal comes after more than…
By Akash Sriram and Noel Randewich (Reuters) -Apple’s stock climbed to a record high close on Wednesday and was on the cusp of a $3 trillion market capitalization. The iPhone maker’s stock rose 0.6% to end the day at $189.25, putting Apple’s market value at $2.98 trillion, according to Refinitiv data. It was the second…
(Reuters) -Private equity firm Arcline Investment Management proposed to buy Circor International for $1.8 billion including debt on Wednesday, topping a rival bid from KKR & Co for the industrial machinery maker. Arcline’s bidding war with KKR had already forced the latter to sweeten its deal with Circor to $1.7 billion from $1.6 billion. Arcline…
By Lisa Baertlein LOS ANGELES (Reuters) – The union representing roughly 340,000 U.S. drivers, package handlers and loaders at United Parcel Service on Wednesday demanded that UPS make its “last, best, and final offer no later than June 30.” The International Brotherhood of Teamsters said it walked away from the national bargaining table in Washington,…
By Michael Martina and David Brunnstrom WASHINGTON (Reuters) -The United States expects a greater partnership with India in the South China Sea, where China has been at the center of numerous territorial disputes with regional countries, the top U.S. diplomat for East Asia said on Wednesday. The United States and India declared themselves “among the…
By David Shepardson (Reuters) -The trade group representing nearly all major automakers wants the U.S. Environmental Protection Agency to soften its proposal to sharply cut vehicle emissions through 2032 saying it is “neither reasonable nor achievable.” The EPA said in April the proposed 2027-2032 standards would cut emissions by 56% compared to the existing 2026…
By Luc Cohen and Jonathan Allen NEW YORK (Reuters) -The former U.S. Marine sergeant accused of fatally strangling Jordan Neely, a homeless man, in a chokehold in a New York subway car last month pleaded not guilty to charges of manslaughter and criminally negligent homicide in court on Wednesday. Daniel Penny, 24, was captured in…
