By David Shepardson WASHINGTON (Reuters) -The U.S. auto safety regulator routinely fails to meet its internal timelines for completing auto safety defect investigations, a government report released on Thursday found, hindering its ability to quickly respond to severe safety risks. The Transportation Department’s Office of Inspector General said that 26 of 27 National Highway Traffic…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – London-based Arch Insurance International has authorized cryptocurrency insurer Evertas to increase the coverage limit for a single policy to $420 million for custodians or exchanges in what the U.S firm said is the highest in the industry. The move is a big boost for a crypto sector tainted…
(Reuters) -Illumina Inc on Friday said it had expanded its board, adding two C-suite executives a week after shareholders voted to replace the gene sequencing company’s chairman with activist investor Carl Icahn’s nominee. The San Diego-headquartered company, valued at $31.6 billion, had long planned to increase the size of the board to 11 by adding…
WASHINGTON (Reuters) – U.S. President Joe Biden said the bipartisan debt ceiling bill is expected to further boost the nation’s economic outlook after data released earlier on Friday showed higher U.S. employment for May. “I look forward to signing the bipartisan budget agreement into law,” Biden said in a statement released by the White House….
By Dawn Chmielewski (Reuters) – Netflix Inc shareholders on Thursday withheld their support for the company’s executive pay package, in a non-binding vote that followed a call by striking Hollywood writers to reject the proposed 2023 compensation. The Writers Guild of America West had urged investors to vote against the compensation offered to Netflix’s top…
(Reuters) -An investigation into the death of an 8-year-old Panamanian girl while in custody of the U.S. Border Patrol in Harlingen, Texas, showed that the family was repeatedly denied an ambulance, the U.S. Customs and Border Protection (CBP) said on Thursday. The child died on May 17 after experiencing a medical emergency at the agency’s…
By Stephen Nellis SAN FRANCISCO (Reuters) – Apple Inc is widely expected to announce a new headset that will blend video of the outside world with the virtual one at its annual software developer conference next week. Apple CEO Tim Cook and Meta Platforms Inc’s CEO, Mark Zuckerberg, are jockeying to define how consumers will…
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve officials, whose hike, skip or pause messaging on interest rates has become a high-stakes word puzzle for investors, seem ready to end the U.S. central bank’s run of 10 straight rate increases later this month while leaving the door open to a future rise in borrowing costs….
By Michael Holden LONDON (Reuters) – Prince Harry will become the first senior British royal to give evidence in court for 130 years when he testifies next week in his lawsuit against a newspaper group he accuses of unlawful behaviour. Harry, King Charles’ younger son, will appear in the witness box at London’s High Court…
WASHINGTON (Reuters) – The United States and United Nations on Friday criticized Vietnam’s detention of members of an environmental group including its founder, saying such actions were part of a broader trend toward curbing free speech. “The United States is concerned by the detention of leaders and staff of CHANGE, including the ongoing detention of…
