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US Senate votes to confirm long-time Republic CEO to head FAA
By David Shepardson July 9 (Reuters) - The U.S. Senate Wednesday voted 53 to 43 to approve long-time Republic Airways CEO Bryan Bedford to head the Federal Aviation Administration.Bedford, the former head of the regional air carrier that operates nearly 1,000 daily flights for major airlines, ste...Reuters
Wed, Jul 9
Methode Electronics Q4 sales beat estimates
OverviewMethode Electronics fiscal Q4 sales beat analyst expectations, per LSEG dataAdjusted EPS and EBITDA missed analyst expectations, per LSEG dataCo reported strong free cash flow, reduced total and net debtOutlookCompany expects fiscal 2026 net sales between $900 mln and $1,000 mlnMethode Elect...Reuters
Wed, Jul 9
Pure Cycle posts decline in Q3 revenue
OverviewPure Cycle fiscal Q3 revenue decreased to $5.1 mln from $7.6 mln yoyNet income for fiscal Q3 was $2.3 mln, marking 24th positive qtrCompany continues Sky Ranch development, generating income from oil and gasOutlookCompany expects Phase 2C lots ready by end of fiscal 2025Company plans Phase 2...Reuters
Wed, Jul 9
Tennis-Shelton's need for speed proves costly against Sinner
By Martyn HermanLONDON, July 9 (Reuters) - American Ben Shelton said he paid the price for trying to serve too fast after losing 7-6(2) 6-4 6-4 to Jannik Sinner in the Wimbledon quarter-finals on Wednesday.The 22-year-old left-hander cranked out some huge firepower as he tried to knock the ice-cool ...Reuters
Wed, Jul 9
Motor racing-Mekies takes over at Red Bull after Horner sacked
Racing Bulls' Mekies takes over as principalRed Bull thank Horner for his exceptional workBriton Horner's contract was due to run until 2030By Alan Baldwin LONDON, July 9 (Reuters) - Red Bull sacked Christian Horner, Formula One's longest-serving active team principal and one of t...Reuters
Wed, Jul 9
US Supreme Court declines to let Florida enforce immigration crackdown
Florida criminalizes entry by immigrants in US illegallyJudge blocked Florida law as likely unconstitutionalBy John KruzelWASHINGTON, July 9 (Reuters) - The U.S. Supreme Court maintained on Wednesday a judicial block on a Republican-crafted Florida law that makes it a crime for immigrants in the Uni...Reuters
Wed, Jul 9
US court voids conviction of influencer who tried to help Trump in 2016
Douglass Mackey was charged over Hillary Clinton memesAppeals court found lack of evidence of illegal conspiracyU.S. Attorney's office declined to commentBy Jonathan Stempel NEW YORK, July 9 (Reuters) - A U.S. appeals court on Wednesday overturned the conviction of a social media influencer w...Reuters
Wed, Jul 9
Cambium Networks Corp expected to post a loss of 14 cents a share - Earnings Preview
Cambium Networks Corp CMBM.OQ CMBM.O is expected to show a rise in quarterly revenue when it reports results on July 11 (estimated) for the period ending December 31 2024The Rolling Meadows Illinois-based company is expected to report a 6.6% increase in revenue to $42.85 million from $40.21 millio...Reuters
Wed, Jul 9
US scrutinizes Chinese AI for ideological bias, memo shows
US memo says Chinese AI models align with Beijing's talking pointsMemo says Chinese models show increased censorship with each iterationAI bias a concern beyond China, as seen with Musk's GrokUS State Dept source says findings may be made publicBy Raphael Satter WASHINGTON, July 9 (Reuter...Reuters
Wed, Jul 9
CORRECTED-US scrutinizes Chinese AI for ideological bias, memo shows
US memo says Chinese AI models align with Beijing's talking pointsMemo says Chinese models show increased censorship with each iterationAI bias a concern beyond China, as seen with Musk's GrokUS State Dept source says findings may be made publicBy Raphael Satter WASHINGTON, July 9 (Reuter...Reuters
Wed, Jul 9
Trump sells shift from 'aid to trade' in White House meeting with African leaders
Trump meeting focused on trade, economyVisiting countries have abundant natural resourcesAfrican politicians in 2018 called Trump racistBy Nandita Bose, Andrea Shalal and Jeff Mason WASHINGTON, July 9 (Reuters) - President Donald Trump told leaders from five African nations on Wednesday that he w...Reuters
Wed, Jul 9
WRAPUP 1-Tennis-Djokovic sets up Sinner showdown, Swiatek reaches first Wimbledon semi-final
Djokovic battles past Italian Cobolli in four setsNow two victories from record 25th Grand Slam titleSwiatek beats Russian Samsonova in straight setsEighth-seeded Pole now meets unseeded Swiss Bencic By Martyn HermanLONDON, July 9 (Reuters) - Novak Djokovic's pursuit of yet more career mileston...Reuters
Wed, Jul 9
CORRECTED-Italian police arrest Chinese national wanted by FBI for alleged industrial espionage
MILAN, July 7 (Reuters) - Italian police have arrested a 33-year-old Chinese man who is wanted by the U.S. authorities over alleged industrial espionage which targeted projects including efforts to develop a COVID vaccine, legal and judicial sources said on Monday.The man, identified as Xu Zewei fro...Reuters
Wed, Jul 9
Precise flood modeling, clear communication vital to reducing losses, says Previsico CEO
By Mia MacGregorJuly 9 - (The Insurer) - Improved communication and more precise flood modeling are critical to mitigating losses caused by disasters like the recent Texas floods, which claimed more than 100 lives, according to Jonathan Jackson, CEO of UK-based flood forecasting startup Previsico.“T...Reuters
Wed, Jul 9
CORRECTED-Chinese man held in Italy on US warrant claims mistaken identity
MILAN, July 8 (Reuters) - A Chinese man arrested in Italy on a U.S. warrant over alleged industrial espionage has opposed extradition, claiming he is a victim of mistaken identity, his lawyer said on Tuesday.Xu Zewei, a 33-year-old IT manager at a Shanghai company, appeared on Tuesday before an appe...Reuters
Wed, Jul 9
More than 2,000 senior employees expected to depart from NASA, Politico reports
July 9 (Reuters) - Around 2,145 senior-ranking employees at the U.S. National Aeronautics and Space Adminstration are set to leave under a push to shed staff, Politico reported on Wednesday citing documents obtained by the news outlet. Most employees leaving are in GS-13 to GS-15 positions, sen...Reuters
Wed, Jul 9
