3M seeks to revive bankruptcy to resolve military earplug mass tort

By Dietrich Knauth NEW YORK (Reuters) -A 3M subsidiary appealed the dismissal of its bankruptcy case late Monday, challenging a judge’s ruling that it was not in immediate jeopardy from 260,000 lawsuits alleging that 3M military earplugs caused hearing loss for veterans and U.S. service members. U.S. Bankruptcy Judge Jeffrey Graham in Indianapolis had dismissed…

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Explainer-What the Trump indictment means for his political campaign

By Jack Queen (Reuters) – Former President Donald Trump has been indicted for illegally retaining classified government documents after leaving office in 2021. Here is a rundown of what this means for his 2024 presidential campaign. WILL THE INDICTMENT PREVENT TRUMP FROM CAMPAIGNING OR TAKING OFFICE? None of the charges would bar Trump from taking…

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White House says West Coast port negotiations show some progress

By David Shepardson and Lisa Baertlein WASHINGTON/LOS ANGELES (Reuters) -West Coast port employers and the union representing 22,000 workers have “overcome some sticking points” in tense labor talks that have entered their 13th month, White House press secretary Karine Jean-Pierre told reporters on Tuesday. Acting U.S. Labor Secretary Julie Su is in San Francisco, where…

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Online retailer Overstock to buy some assets of Bed Bath & Beyond

(Reuters) – Overstock.com will buy certain assets of bankrupt home goods retailer Bed Bath & Beyond for $21.5 million, the online retailer said on Tuesday. The deal, designated a “stalking horse” bid under the U.S. Bankruptcy Code, will include intellectual property, business data, rights to mobile applications, and will also assume certain liabilities of Bed…

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Avolon says $4 trln needed to transform global jet fleet

By Tim Hepher PARIS (Reuters) -Global aviation needs $4 trillion over the next 20 years to fund new commercial deliveries and transform the world’s fleet to reduce emissions, leasing firm Avolon said on Tuesday. Airlines and leasing companies will take delivery of 44,300 commercial passenger aircraft by 2042, of which approximately half will be for…

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NATO chief: Ukraine making progress in counteroffensive

By Andrea Shalal and Steve Holland WASHINGTON (Reuters) – NATO Secretary General Jens Stoltenberg on Tuesday said Ukraine is making progress in its counteroffensive against Russian invaders and predicted NATO leaders will increase military assistance to Kyiv when they meet next month. Stoltenberg made the comments as he met in the Oval Office with President…

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Meta releases ‘human-like’ AI image creation model

By Katie Paul NEW YORK (Reuters) – Meta Platforms said on Tuesday that it would provide researchers with access to components of a new “human-like” artificial intelligence model that it said can analyze and complete unfinished images more accurately than existing models. The model, I-JEPA, uses background knowledge about the world to fill in missing…

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US lawmakers warn North Korean refugees face forcible repatriation from China

WASHINGTON (Reuters) – U.S. lawmakers warned on Tuesday that China could be preparing to forcibly repatriate refugees who fled North Korea and urged the United Nations to use its influence with Beijing to prevent this. Chris Smith, Republican chairman of the Congressional-Executive Commission on China (CECC), told a hearing there was “good reason to believe”…

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