Author: Reuters
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U.S. Supreme Court to hear bid by oil companies to toss climate suits in Boulder case
WASHINGTON • The U.S. Supreme Court has agreed to hear a bid by ExxonMobil and Suncor Energy to scuttle a lawsuit brought by officials in Boulder that seeks to hold the oil companies liable for allegedly helping to fuel climate change in a case that could affect dozens of similar lawsuits around the country. The…
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New Mexico probes allegation of bodies buried near Epstein ranch
New Mexico’s Department of Justice said late Wednesday the state was investigating an allegation, which emerged from documents released by the U.S. Department of Justice, that the late sex offender Jeffrey Epstein ordered the bodies of two foreign girls buried outside his remote New Mexico ranch. New Mexico Department of Justice spokesperson Lauren Rodriguez said…
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Trump issues ultimatum to Iran
WASHINGTON • President Donald Trump warned Iran on Thursday that it must make a deal over its nuclear program or “really bad things” will happen. The president also appeared to set a deadline of no more than 10 to 15 days before the U.S. might take action. Amid a massive U.S. military buildup in the Middle East,…
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Trump repeals Obama-era climate rule
WASHINGTON • The Trump administration on Thursday announced the repeal of an Obama-era finding that greenhouse gas emissions endanger human health and eliminated federal tailpipe emissions standards for cars and trucks. It is the most sweeping climate related policy rollback by the administration to date. “Under the process just completed by the EPA, we are…
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Grateful Dead guitarist Bob Weir dies at age 78
Veteran rock musician Bob Weir, the Grateful Dead’s rhythm guitarist who helped guide the legendary jam band through decades of change and success, has died at age 78, according to a statement posted to his verified Instagram account on Saturday. He was diagnosed with cancer in July and “succumbed to underlying lung issues” surrounded by…
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Alaska Airlines sets out expansion, placing its largest Boeing order yet
WASHINGTON – Alaska Airlines said Wednesday it will purchase 110 new Boeing aircraft — the largest single order in the carrier’s history — as part of an aggressive expansion and fleet modernization plan. The deal includes 105 737 MAX 10 jets and five 787-10 Dreamliners, along with options for 35 additional MAX 10s. Alaska said…
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Trump says he’ll block defense company payouts until arms production speeds up
WASHINGTON – President Donald Trump on Wednesday vowed to block defense contractors from paying dividends or buying back shares until they speed up weapons production, a rare presidential strike at Wall Street norms that sent defense stocks tumbling and signaled sweeping changes for America’s military-industrial complex. Trump and the Pentagon have criticized the defense industry…
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Marvell to buy networking equipment firm XConn in $540 million deal
Marvell Technology said Tuesday it will buy networking equipment provider XConn Technologies in a deal worth about $540 million, as the chipmaker doubles down on data center hardware amid a race to expand artificial intelligence infrastructure. XConn’s acquisition will help the custom AI chipmaker expand its networking portfolio – an essential fixture in AI data…
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Morgan Stanley files for bitcoin, solana ETFs in digital assets push
Morgan Stanley is seeking regulatory approval to launch exchange-traded funds tied to the price of cryptocurrency tokens, according to filings with the U.S. Securities and Exchange Commission on Tuesday, the first such move by a big U.S. bank. The bank is looking to launch ETFs tied to the price of cryptocurrencies bitcoin and solana, according…
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AB InBev buys back stake in U.S. metal packaging plants for $3 billion
Anheuser-Busch InBev will buy back a 49.9% stake in its U.S. metal container plants for about $3 billion, the world’s top brewer said Tuesday, at a time of soaring aluminium costs due to tariffs. The maker of Budweiser and Corona beers has spent much of the last decade trying to raise cash, rather than spend…