By Daniel Wiessner (Reuters) – Uber Technologies Inc drivers are not exempt from a U.S. law requiring them to bring work-related legal disputes in private arbitration rather than joining class action lawsuits in court, a U.S. appeals court ruled on Wednesday. A panel of the Philadelphia-based 3rd U.S. Circuit Court of Appeals said that Uber…
WASHINGTON (Reuters) – The Taliban have killed an Islamic State militant who was the “mastermind” behind a suicide attack at Kabul’s international airport in 2021 that killed 13 U.S. troops and scores of civilians during the United States’ chaotic evacuation from the country, U.S. officials said on Tuesday. The bombing occurred on Aug. 26, 2021,…
By Davide Barbuscia CHICAGO (Reuters) – Former U.S. Treasury Secretary Lawrence Summers said the odds that the U.S. government could face a technical debt default due to legislation around its borrowing limit were at around 2%-3%, but that any default would be fixed quickly. A standoff between Republicans and Democrats over raising the U.S. borrowing…
(Reuters) -U.S. railroad operator Norfolk Southern Corp took a $387 million charge in the first quarter due to the Ohio freight train derailment and said it expects economic headwinds to weigh on its volume and revenue during the April-June period. Shares of Norfolk, which operates in 22 states and the District of Columbia, slipped 1.1%…
WASHINGTON (Reuters) -A second American has died in Sudan, the White House said on Wednesday, and U.S. authorities are helping a small number of citizens seeking to leave the country during a ceasefire that has curbed fighting. While sporadic violence continues, the ceasefire announced by the United States on Monday appears to be holding, White…
NEW YORK (Reuters) – Brian Kolfage, a former associate of Steve Bannon, was sentenced on Wednesday to more than four years in prison, after he admitted to conspiring to defraud donors to a campaign to build former President Donald Trump’s wall along the U.S.-Mexican border. (Reporting by Luc Cohen in New York)
By Khushi Mandowara and Leroy Leo (Reuters) -Humana Inc raised its annual adjusted profit forecast on Wednesday after lower medical costs in the firm’s government-backed health insurance business helped it beat profit estimates for the first quarter. The company’s upbeat outlook contrasts the uncertainty around 2024 earnings for health insurers staring at the end of…
LOS ANGELES (Reuters) – Walt Disney Co sued Florida Republican Governor Ron DeSantis on Wednesday, asking a court to overturn state efforts to exert control over the company’s Walt Disney World theme parks in Orlando. (Reporting by Lisa Richwine; Editing by Chizu Nomiyama)
By Lucia Mutikani WASHINGTON (Reuters) – New orders for key U.S.-manufactured capital goods fell more than expected in March and shipments declined, suggesting that business spending on equipment likely remained a drag on economic growth in the first quarter. But the economy appears to have stayed on a solid growth path last quarter, with other…
(Reuters) – “Call of Duty” maker Activision Blizzard beat quarterly bookings estimates on Wednesday, as it reported results a day earlier to allay concerns about its business after Britain blocked its $69 billion buyout by Microsoft Corp . Shares of the company were trading 10% lower, showing little reaction to the earnings report. Activision said…
