News
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US State Department tells staff planned layoffs to begin soon
Job cuts widely expected at State DepartmentTrump seeks to restructure US diplomacy to ensure 'America First' agendaIn May, the State Department proposed laying off nearly 1,900 employees By Humeyra Pamuk WASHINGTON, July 10 (Reuters) - The State Department will start sending notices to m...Reuters
Thu, Jul 10
US court pauses block on Trump eliminating union bargaining for federal workers
By Daniel Wiessner July 10 (Reuters) - A U.S. appeals court on Thursday placed a brief pause on a judge's ruling that had blocked President Donald Trump's administration from stripping hundreds of thousands of federal workers of the ability to engage in union bargaining with U.S. agencies...Reuters
Thu, Jul 10
Law firm Dechert says lawsuits accusing it of using hired hackers have been resolved
By Raphael Satter WASHINGTON, July 10 (Reuters) - Philadelphia-based law firm Dechert said on Thursday that a pair of U.S. lawsuits accusing it of using hired hackers to win in court have been resolved without any admission of liability. Dechert and others, including U.S. public relations operati...Reuters
Thu, Jul 10
Delaware Supreme Court sides with Zantac drugmakers over cancer evidence
Patients allege that heartburn drug caused their cancerCourt says expert opinions not backed by reliable scienceFDA asked in 2020 that Zantac be pulled from marketPatients' lawyer says scientific record is 'robust'By Jonathan Stempel July 10 (Reuters) - Delaware's highest court ru...Reuters
Thu, Jul 10
Euro Sun Mining Says Co Enters Into Facility And Offtake Agreements and Changes Address
July 10 (Reuters) - Euro Sun Mining Inc ESM.TO:EURO SUN MINING ENTERS INTO FACILITY AND OFFTAKE AGREEMENTS; CHANGES ADDRESSEURO SUN MINING INC - ENTERS FACILITY AGREEMENT WITH TRAFIGURAEURO SUN MINING INC - SECURES US$2.5M FACILITY, NEGOTIATING US$200M DEALReuters
Thu, Jul 10
Flutter to buy Boyd Gaming's 5% FanDuel stake in $1.76 billion deal
July 10 (Reuters) - Flutter Entertainment FLTRF.L will buy Boyd Gaming's BYD.N 5% stake in FanDuel in a deal worth about $1.76 billion, giving it complete ownership of the online betting operator, the companies said on Thursday.The deal gives FanDuel an implied valuation of about $31 billion, Fl...Reuters
Thu, Jul 10
Mahmoud Khalil seeks $20 million from Trump administration over immigration arrest
By Jack Queen and Jonathan Allen July 10 (Reuters) - Mahmoud Khalil, the Columbia University student and pro-Palestinian activist who was detained by U.S. immigration authorities for more than 100 days, is seeking $20 million from the Trump administration over what he says was his false impri...Reuters
Thu, Jul 10
Bilt valued at $10.8 billion in latest funding round
By Prakhar SrivastavaJuly 10 (Reuters) - Bilt Rewards was valued at $10.75 billion in its latest funding round led by General Catalyst and GID, the loyalty program-focused fintech firm said on Thursday, signaling renewed investor interest in financial platforms.Bilt, which allows renters and homeown...Reuters
Thu, Jul 10
Nike names insider new Converse CEO after Jared Carver steps down
July 10 (Reuters) - Nike NKE.N said in an internal memo seen by Reuters on Thursday that Jared Carver, president and CEO of Converse, would step down and be succeeded by longtime company executive Aaron Cain.Nike is in the midst of realigning its business by sport across its Nike, Jordan and Convers...Reuters
Thu, Jul 10
Velan Q1 sales rise 18.6%, raises dividend
OverviewVelan's fiscal Q1 sales rise 18.6% to $72.2 mln, boosting gross profit marginReports net income from continuing operations of $17.8 mln compared to loss of $2.2 mln a year earlierIncreases quarterly dividend to C$0.10 per share from C$0.03OutlookVelan expects to deliver solid performance...Reuters
Thu, Jul 10
Netanyahu says he hopes hostage deal can be done in few day days
WASHINGTON, July 10 (Reuters) - Israeli Prime Minister Benjamin Netanyahu said he hopes a deal can be completed in a few days to release more Israeli hostages held by Palestinian Islamist group Hamas.He made the comments during an interview on Newsmax show "The Record with Greta Van Susteren"...Reuters
Thu, Jul 10
US judge admonishes Amazon over disclosures in FTC lawsuit over Prime service
By Mike Scarcella July 10 (Reuters) - A U.S. judge formally admonished Amazon.com AMZN.O on Thursday for withholding documents from the U.S. Federal Trade Commission in a lawsuit accusing the e-commerce giant of deceiving customers of its paid Prime service.In his ruling, U.S. District Judge John...Reuters
Thu, Jul 10
BREAKINGVIEWS-Big Booze can sweat off its multi-year hangover
By Edward Chancellor LONDON, July 10 (Reuters Breakingviews) - Investors often confuse cyclical ups and downs with secular movements in the fortunes of companies. When revenue turns down, they panic. That is what’s happening in the global spirits industry, which currently faces multiple headwinds...Reuters
Thu, Jul 10
Brazil's Meliuz In Final Stages Of Listing Shares In The US
July 10 (Reuters) - Meliuz SA CASH3.SA:BRAZIL'S MELIUZ SAYS IT IS IN THE FINAL STAGES OF LISTING ITS SHARES ON THE OTC MARKETS IN THE U.S. - STATEMENTBRAZIL'S MELIUZ ESTIMATES TIMELINE OF FOUR WEEKS DUE TO REGULATORY PROCEDURESReuters
Thu, Jul 10
British PM Starmer to visit Trump during his trip to Scotland this month, source says
By Andrea Shalal WASHINGTON, July 10 (Reuters) - British Prime Minister Keir Starmer has accepted an invitation to visit U.S. President Donald Trump during his expected trip to Scotland this month, a source familiar with the plans said on Thursday.Details, including a specific date, were still be...Reuters
Thu, Jul 10
Levi Strauss & Co Outlook FY 2025 Net Revenue Growth Up 1% - Up 2% Versus Prior Outlook Down 1% - Down 2%
July 10 (Reuters) - Levi Strauss & Co LEVI.N:Q2 ADJUSTED EPS $0.22 VERSUS IBES ESTIMATE $0.13Q2 NET REVENUE $1.45 BILLION VERSUS IBES ESTIMATE $1.37 BILLIONOUTLOOK FY 2025 ADJUSTED EPS $1.25 TO $1.30 VERSUS PRIOR OUTLOOK $1.20 TO $1.25OUTLOOK FY 2025 NET REVENUE GROWTH UP 1% - UP 2% VERSUS PRIOR...Reuters
Thu, Jul 10
Magnum Ice Cream Co names Jochanan Senf as Ben & Jerry's CEO
July 10 (Reuters) - The Magnum Ice Cream Company said on Thursday it has appointed Jochanan Senf as the global chief executive officer of Ben & Jerry's, effective mid-July.The leadership change comes as Ben & Jerry's independent board is locked in a legal fight with parent Unilever U...Reuters
Thu, Jul 10
Law firm Dechert says lawsuits accusing it of using hired hackers have been resolved
By Raphael Satter WASHINGTON, July 10 (Reuters) - Philadelphia-based law firm Dechert said on Thursday that a pair of U.S. lawsuits accusing it of using hired hackers to win in court have been resolved without any admission of liability. Dechert and others, including U.S. public relations operati...Reuters
Thu, Jul 10
US judge won't block 23andMe bankruptcy sale to co-founder
By Daniel Wiessner July 10 (Reuters) - A federal judge on Thursday declined to block the bankruptcy sale of genetic testing company 23andMe to its co-founder Anne Wojcicki pending the outcome of a legal challenge by California.U.S. District Judge Matthew Schelp in St. Louis, Missouri, during a he...Reuters
Thu, Jul 10
Health Rounds: New autism discovery paves way for personalized care
By Nancy LapidJuly 10 (Reuters) - Hello Health Rounds Readers! Today we share news of groundbreaking research into the genetics of autism. We also highlight the first study to test whether consumer wearables might help detect surgery complications in children.Discovery of autism subtypes paves way f...Reuters
Thu, Jul 10
