By Valerie Insinna and Abhijith Ganapavaram (Reuters) – Boeing Co said on Wednesday that it planned to ramp up production of its 737 MAX jets to 38 per month by year-end and keep its annual cash-flow goal, offering some relief to investors after a new manufacturing snafu threatened to derail deliveries. Boeing shares rose 2.5%…
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 David Shepardson WASHINGTON (Reuters) -Chrysler parent Stellantis NV said Wednesday it is offering voluntary exit packages to 33,500 U.S. employees as it looks to streamline operations. The offers cover 31,000 U.S. hourly workers and about 2,500 salaried workers. Stellantis did not say how many total jobs it is looking to eliminate. It is also…
(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%…
By Kanishka Singh and Nate Raymond WASHINGTON (Reuters) -A former Harvard University professor was sentenced on Wednesday to six months’ house arrest for lying about his ties to a China-run recruitment program, prosecutors said, in one of the highest-profile cases resulting from a crackdown on Chinese influence on U.S. research. Charles Lieber, a renowned nanoscientist…
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…
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…
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…
By Alexander Marrow, Gleb Stolyarov and Anne Kauranen (Reuters) -The Kremlin said on Wednesday it could seize more Western assets in retaliation for foreign moves against Russian companies, after taking temporary control of assets belonging to two European state-owned utilities. President Vladimir Putin late on Tuesday signed a decree placing the Russian assets of Finland’s…
(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…
