By Dietrich Knauth NEW YORK (Reuters) – A group of media organizations on Friday appealed a court decision that allows collapsed crypto exchange FTX to keep customer names secret during its bankruptcy case. U.S. Bankruptcy Judge John Dorsey in Wilmington, Delaware, ruled earlier this month that FTX did not have to reveal its customers’ names…
BERLIN (Reuters) – Germany aims to purchase 60 Chinook helicopters from Boeing in a package that would cost up to 8 billion euros ($8.71 billion), including necessary infrastructure for the aircraft, a parliamentary source told Reuters on Friday. The sum includes the procurement of the CH-47 heavy-lift helicopters for 6.27 billion euros, 700 million euros…
By Caroline Valetkevitch NEW YORK (Reuters) – Forecasts for second-quarter U.S. earnings still look gloomy after a much-better-than-feared first quarter season as the likelihood of further interest rate hikes this year creates more potential risks for companies. Analysts expect earnings for S&P 500 companies to fall 5.6% in the second quarter from a year ago,…
By Leah Douglas (Reuters) – The U.S. Department of Agriculture will spend $502 million to ensure its rapid response to any future bird flu cases as the country’s worst-ever outbreak of the virus levels off, the agency said Friday. Bird flu has killed 58.7 million chickens, turkeys, and other birds across 47 states since January…
(Reuters) – Spirit AeroSystems Inc said it will meet with the U.S. machinists union on Saturday to continue negotiations for a new contract, after workers rejected a proposed four-year deal and announced a strike. Shares of Spirit were up 4.8% in afternoon trade on Friday. The company, a crucial supplier for aerospace heavyweights Boeing and…
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for an eighth week in a row for the first time since July 2020, energy services firm Baker Hughes Co said in its closely followed report on Friday. The oil and gas rig count, an early indicator of…
By Andrew Chung (Reuters) -A federal law that makes it a crime for a person to encourage illegal immigration does not violate constitutional free speech protections, the U.S. Supreme Court ruled on Friday in upholding the decades-old measure defended by President Joe Biden’s administration. The 7-2 ruling, authored by conservative Justice Amy Coney Barrett, overturned…
By David Shepardson WASHINGTON (Reuters) -Two U.S. senators wrote seven major automakers on Friday urging them not to remove AM radio from new vehicles. Senator Ted Cruz, the top Republican on the Senate Commerce Committee, and Democrat Ed Markey, who also sits on the panel, wrote to BMW, Volkswagen, Tesla, Mazda, Polestar, Rivian and Volvo…
By Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden will deliver what his aides are billing as a major economic policy speech on Wednesday, laying down a key marker for his re-election campaign. Plans for a speech in Chicago on “Bidenomics,” which have not previously been reported and were seen in a White House…
(Corrects story and headline to say makers pledge $11.3 billion, not $14.3 billion for lithium iron phosphate plants) By Paul Lienert (Reuters) – Interest and investment in lithium iron phosphate (LFP) battery cells and materials, used to power electric vehicles, continue to climb in the United States. LFP is a lower-cost competitor to nickel cobalt…
