News
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Sees no mechanical issue with 787 Boeing fuel control unit after Air India crash
OSHKOSH, Wisconsin, July 24 (Reuters) - The head of the Federal Aviation Administration said on Thursday the fatal crash of an Air India Boeing BA.N 787 does not appear to be caused by a mechanical issue or inadvertent movement of the fuel control unit."We can say with a high level of confidence...Reuters
Thu, Jul 24
Mexico's Cemex posts double-digit profit rise as restructuring kicks in
Net profit boost a bright spot as sales, volumes downU.S. M&A, Latin America divestments on the tableMore lay-offs to come By Kylie Madry MEXICO CITY, July 24 (Reuters) - Mexican cement producer Cemex CEMEXCPO.MX posted a double-digit increase in second-quarter profit on Thursday, despite a ...Reuters
Thu, Jul 24
India's Goyal hopeful of concluding US trade deal after 'fantastic' progress
LONDON, July 24 (Reuters) - India is making "fantastic" progress in trade talks with the United States, Commerce Minister Piyush Goyal told Reuters on Thursday, adding he was very confident that India would get special treatment from President Donald Trump."We're making fantastic pro...Reuters
Thu, Jul 24
Accelerant valued at $6.4 billion in debut as insurance IPOs heat up
By Arasu Kannagi Basil July 24 (Reuters) - Billionaire sports financier Todd Boehly-backed Accelerant ARX.N was valued at $6.4 billion as its shares jumped 36% in their New York debut on Thursday, underscoring a strong investor appetite for insurance listings.The shares of the specialty insurance...Reuters
Thu, Jul 24
US has talked with Syria about death of US citizen, State Dept says
WASHINGTON, July 24 (Reuters) - The U.S. State Department has called for an immediate investigation into the recent death of a U.S. citizen in Syria, and there have been direct discussions with the Syrian government about the issue, spokesperson Tommy Pigott said on Thursday.U.S. citizen Hosam Saray...Reuters
Thu, Jul 24
FAA to review Boeing supply chain before approving hike to 737 MAX production
OSHKOSH, Wisconsin July 24 (Reuters) - The head of the Federal Aviation Administration said Boeing BA.N has not yet asked the agency to lift a 38 plane per month cap on 737 MAX production and will review the planemaker's supply chain before making any decision.The FAA imposed the production cap ...Reuters
Thu, Jul 24
US urges immediate cessation of Thailand-Cambodia hostilities, State Dept says
WASHINGTON, July 24 (Reuters) - The U.S. State Department is urging an immediate cessation of hostilities related to the Thailand-Cambodia conflict, spokesperson Tommy Pigott told reporters during a press briefing on Thursday.Reuters
Thu, Jul 24
US Senate committee approves Trump's UN envoy pick, nomination heads to full vote
By Patricia Zengerle WASHINGTON, July 24 (Reuters) - The U.S. Senate Foreign Relations Committee on Thursday voted narrowly in favor of Mike Waltz, President Donald Trump's pick to be U.N. envoy, clearing the way for a confirmation vote in the full 100-member Senate.The panel voted 12-10 in f...Reuters
Thu, Jul 24
US Justice Department official meets with Epstein associate Maxwell, ABC says
WASHINGTON, July 24 (Reuters) - Deputy U.S. Attorney General Todd Blanche met with accused sex-trafficker Jeffrey Epstein's longtime associate Ghislaine Maxwell at the U.S. Attorney's office in Tallahassee Florida, ABC news reported on Thursday.Images captured by ABC News showed Blanche and ...Reuters
Thu, Jul 24
Motor racing-Norris praises Scheffler for questioning the meaning of success
By Alan Baldwin SPA-FRANCORCHAMPS, Belgium, July 24 (Reuters) - McLaren Formula One driver and keen golfer Lando Norris praised world number one Scottie Scheffler on Thursday for questioning the point of his success and said it resonated with his own feelings.Before winning last weekend's Bri...Reuters
Thu, Jul 24
New FAA administrator says state of US air traffic unacceptable, morale low at agency
By David Shepardson OSHKOSH, Wisconsin, July 24 (Reuters) - The new head of the Federal Aviation Administration said on Thursday the current state of the aging, understaffed U.S. air traffic control system is "not acceptable," vowing an aggressive modernization effort. New FAA Ad...Reuters
Thu, Jul 24
BCG says some of its staff circumvented its controls in Gaza work
BCG responds to UK parliamentary inquiry into Gaza workBCG tells parliament it "did not live up to our standards"BCG said it won't publish internal investigation findings By Stefania Spezzati and Andrew MacAskill LONDON, July 24 (Reuters) - An investigation commissioned by Boston Con...Reuters
Thu, Jul 24
U.S. RESEARCH ROUNDUP- GE Vernova, NVR, ServiceNow
July 24 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including GE Vernova, NVR and ServiceNow, on Thursday. HIGHLIGHTS* Alphabet Inc GOOGL.O: Citizens raises target price to $225 from $220* GE Vernova Inc GEV.N: JP Morgan raise...Reuters
Thu, Jul 24
Contract research firms' strong earnings signal stabilizing biotech, pharma spending
By Sneha S K July 24 (Reuters) - Contract research organizations are reporting better-than-expected second-quarter profit, a sign that Wall Street analysts say reflects a rebound in biotech and pharmaceutical spending after a cautious stretch driven by tighter sector financing.Danaher DHR.N, Med...Reuters
Thu, Jul 24
