By Andrew Chung (Reuters) -The U.S. Supreme Court on Tuesday rebuffed a legal theory favored by many conservatives that could hand sweeping power to state legislatures to establish rules for presidential and congressional elections and draft electoral maps giving huge advantages to the party already in control. The justices, in a 6-3 decision authored by…
NAIROBI (Reuters) -Kenya’s Centum Investment Company Plc said on Tuesday its pretax profit rose to 224 million shillings ($1.83 million) in the first half to end-September from 12.5 million shillings a year ago. Group investment and other income fell to 713.4 million shillings from 987 million shillings, while operating and administrative costs dropped to 254.7…
By Hyonhee Shin, Phil Stewart and Idrees Ali SEOUL/WASHINGTON (Reuters) -An American soldier facing disciplinary action fled across the inter-Korean border into North Korea on Tuesday and was believed to be in North Korean custody, U.S. officials said, creating a fresh crisis for Washington in its dealings with the nuclear-armed state. Defense Secretary Lloyd Austin…
(Reuters) -Amazon.com founder Jeff Bezos will sell up to 50 million shares in the online retail and cloud services firm over the next one year, according to a company filing on Friday. The securities are worth $8.6 billion at the current price of $171.8 share. The sale plan, which is subject to certain conditions, was…
By Anna Ringstrom and Stine Jacobsen STOCKHOLM (Reuters) -The Swedish government will not inject new capital into SAS, its industry minister said on Tuesday, dealing a blow to the loss-making airline’s restructuring efforts and sending its shares down 14% to record lows. SAS said last week a restructuring plan announced in February depended on it…
By Amanda Cooper LONDON (Reuters) -Global shares edged up on Tuesday, while the dollar eased back from five-week highs as U.S. lawmakers prepared for another round of talks to resolve the deadlock over the government’s borrowing limit. The weaker dollar supported crude oil and equities, although investors were wary of crucial U.S. government debt-ceiling negotiations,…
(Reuters) – Space-tourism company Virgin Galactic Holdings said on Monday that a four-member test flight will take place in May and that it aims to launch its first commercial flight in late June. Shares jumped 4% after the company said the May mission would be the final test of the spaceflight system and astronaut experience…
By Luc Cohen NEW YORK (Reuters) – A U.S. judge on Thursday extended a ban on FTX cryptocurrency exchange founder Sam Bankman-Fried’s ability to contact employees of companies he once controlled and use encrypted messaging technology while out on bail awaiting trial on fraud charges. U.S. District Judge Lewis Kaplan on Feb. 1 had temporarily…
TOKYO (Reuters) -Japan’s Toyota Motor Corp said it will restart domestic production from Wednesday, a day after all of its factories nationwide ground to a halt following a cyber attack at a supplier. Toyota said in a statement it would restart domestic production at its 14 domestic factories from Wednesday. The suspension on Tuesday was…
By Andy Sullivan and Moira Warburton WASHINGTON (Reuters) – A Republican plan to cut federal spending in exchange for lifting the U.S. government’s debt ceiling would lower employment, slow economic growth and “meaningfully increase” the likelihood of a recession, Moody’s Analytics’ chief economist told a Senate committee on Thursday. Mark Zandi told the Senate Budget…
