By David Shepardson WASHINGTON (Reuters) – Amtrak CEO Stephen Gardner said on Tuesday the U.S. passenger railroad expects traffic to get back to pre-pandemic levels even as it projects about $800 million in losses for the current budget year. Gardner told a U.S. House subcommittee that ridership in the seven months ending April 30 was…
By Brad Brooks (Reuters) – Atlanta’s city council on Tuesday approved funding for a new law enforcement training center that protesters have fought for years due to concerns about heavy-handed policing and the environment, at times engaging in deadly clashes with police. The city council approved building the $90 million Atlanta Public Safety Training Center…
(Reuters) – Top U.S. regulators on Tuesday issued final guidelines to help banks manage risks associated with their relationships with third-parties like fintechs and cloud-computing firms, according to a joint statement on Tuesday. The guidance came from the Federal Reserve Board, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency….
WASHINGTON (Reuters) -The United States learned of a Ukrainian plan to attack the Nord Stream natural gas pipelines three months before they were damaged last September by underwater explosions, The Washington Post reported on Tuesday, citing leaked information posted online. The CIA learned last June, through a European spy agency, that a six-person team of…
By Davide Barbuscia NEW YORK (Reuters) – PIMCO said on Tuesday that this year’s banking turmoil has created opportunities for the U.S. bond giant to expand in areas which were previously the domain of regional banks. After three of the largest bank failures in U.S. history earlier this year, as well as the collapse of…
By Marc Jones and Koh Gui Qing LONDON/NEW YORK (Reuters) – World shares edged higher on Tuesday as investors mulled whether a recent rally in stocks has legs to run further, while Treasury yields drifted higher as traders pared bets that U.S. rate cuts are on the horizon given sticky price pressures. Wall Street, where…
(Reuters) – Gene-sequencing machine maker Illumina Inc has filed an appeal against an order from the U.S. Federal Trade Commission (FTC) that demands it divest cancer diagnostic test maker Grail Inc on competition concerns. Illumina spun off Grail in 2016, but retained a 12% stake. It reacquired the cancer test maker in 2021, despite opposition…
By Hilary Russ NEW YORK (Reuters) – Subway is seeking big new franchisees in the United States in a push to revamp its ownership model, but low restaurant profits and outdated stores are making it a tough sell for the global sandwich chain. Several multi-unit operators – the more sophisticated, financially sound franchisees that Subway…
By Moira Warburton WASHINGTON (Reuters) -JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Tuesday that he was not seeking public office as he met with a group of Democrats in the U.S. House of Representatives to discuss economic matters. Dimon told reporters he was not in Washington to discuss a possible political…
By Nandita Bose WASHINGTON (Reuters) – President Joe Biden’s administration on Tuesday pledged an improved effort to combat drug overdoses that claimed the lives of about 100,000 Americans last year, using a White House summit to tout a multifaceted approach to tackle synthetic and illicit drugs such as the powerful opioid fentanyl. “Today’s summit is…
