News
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Richardson Electronics Q1 sales rise 1.6%, beat estimates
OverviewRichardson Electronics Q1 FY26 sales rose 1.6% to $54.6 mln, beating estimatesOperating income for Q1 FY26 more than tripled year-over-yearCompany declared a $0.06 per share quarterly cash dividendOutlookCompany maintains confidence in delivering improved results for fiscal 2026Result Driver...Reuters
Wed, Oct 8
Warner Bros. CEO Zaslav Confirmed That Michael De Luca & Pamela Abdy's Contracts Were Being Renewed For An Unspecified Amount Of Time- Variety
Oct 8 (Reuters) - WARNER BROS. CEO DAVID ZASLAV CONFIRMED THAT MICHAEL DE LUCA & PAMELA ABDY'S CONTRACTS WERE BEING RENEWED FOR AN UNSPECIFIED AMOUNT OF TIME - VARIETYSource text: https://tinyurl.com/jsb2wrmbReuters
Wed, Oct 8
US targets Chinese companies over drone components used by Hamas, Houthis
By Karen Freifeld WASHINGTON, Oct 8 (Reuters) - The United States said on Wednesday it was adding 15 Chinese companies to its restricted trade list for facilitating the purchase of American electronic components found in drones operated by Iranian proxies including Houthi and Hamas militants.Ten ...Reuters
Wed, Oct 8
Colombia's Petro says last vessel bombed by US was Colombian
BOGOTA, Oct 8 (Reuters) - Colombia's President Gustavo Petro said on Wednesday the latest vessel in the Caribbean bombed by the United States this weekend was Colombian and had Colombian citizens aboard."The aggression is against all of Latin America and the Caribbean," Petro said in a p...Reuters
Wed, Oct 8
IRS to furlough nearly half of its workforce due to US government shutdown
By Courtney Rozen WASHINGTON, Oct 8 (Reuters) - The U.S. Internal Revenue Service will furlough more than 34,000 employees beginning on Wednesday due to the government shutdown, according to an agency statement, effectively shuttering taxpayer call centers. The furloughs amount to 46% of the a...Reuters
Wed, Oct 8
Bassett Furniture Q3 revenue up 5.9%, beats expectations
OverviewBassett Furniture Q3 revenue rose 5.9% yr/yr, beating analyst expectationsDiluted EPS for Q3 was $0.09, compared to a loss of $(0.52) last yearOperating income improved to $0.6 mln from a loss of $6.4 mln last yearOutlookBassett did not provide specific financial guidance for future quarters...Reuters
Wed, Oct 8
Joan Bennett Kennedy, who married into Kennedy clan, dies at 89
WASHINGTON, Oct 8 (Reuters) - Joan Bennett Kennedy, the first wife of a U.S. senator, the mother of a congressman and the sister-in-law of a slain president, has died at the age of 89, U.S. Health Secretary Robert F. Kennedy Jr. said on Wednesday.A daughter of privilege who could trace her lineage b...Reuters
Wed, Oct 8
France's Macron to name new PM in next 48 hours, Elysee says
PARIS, Oct 8 (Reuters) - French President Emmanuel Macron will name a new prime minister in the next 48 hours, the Elysee palace said in a statement on Wednesday.Macron thanked outgoing Prime Minister Sebastien Lecornu for his work over the past 48 hours and acknowledged his conclusions that a major...Reuters
Wed, Oct 8
Russia's Lavrov: Trump's Gaza plan is the best one we have
Oct 8 (Reuters) - Russian Foreign Minister Sergei Lavrov, in an interview published on Wednesday, said U.S. President Donald Trump's plan for peace in Gaza may be general in approach, but remains the best proposal "on the table" for now."U.S. President Donald Trump proposed his 20 po...Reuters
Wed, Oct 8
Trump calls for jailing Democratic leaders as troops prepare for Chicago deployment
Trump threatens to jail Johnson, PritzkerEx-FBI chief Comey pleads not guilty in case Trump pushed forNational Guard troops gather outside Chicago despite local oppositionBy Brendan O'Brien, Andy Sullivan and Susan Heavey CHICAGO/WASHINGTON, Oct 8 (Reuters) - U.S. President Donald Trump on We...Reuters
Wed, Oct 8
New York City sues social media companies for allegedly addicting children
City alleges gross negligence, creating public nuisance'Subway surfing' deaths attributed to social mediaGoogle denies accusations about YouTubeOther defendants not available for commentBy Jonathan Stempel NEW YORK, Oct 8 (Reuters) - New York City filed a new lawsuit accusing Facebook, Go...Reuters
Wed, Oct 8
Panama Canal posts $5.7 bln in FY2025 revenue, transits jump 19%
PANAMA CITY, Oct 8 (Reuters) - The Panama Canal said on Wednesday that revenue rose around 14.4% in fiscal year 2025 to $5.7 billion, based on preliminary and unaudited figures.The authority also reported that vessel transits increased 19.3% year-on-year to 13,404 during the 12-month period, which e...Reuters
Wed, Oct 8
Trump: 'We will be very threatening to antifa'
WASHINGTON, Oct 8 (Reuters) - U.S. President Donald Trump said on Wednesday that federal law enforcement will be "very threatening" as it goes after the antifa movement, which he recently designated as a "terrorist organization." "They have been very threatening to people, but we...Reuters
Wed, Oct 8
Soccer-Saudi's Al-Brikan hits double in comeback win over Indonesia
By Michael ChurchJEDDAH, Oct 8 (Reuters) - Saudi Arabia fought back to earn a 3-2 win over Indonesia in Group B of Asia's World Cup qualifiers on Wednesday as Feras Al-Brikan's double boosted their hopes of securing a place at next year's finals in North America.Kevin Diks had put Indone...Reuters
Wed, Oct 8
Deals of the day-Mergers and acquisitions
Oct 8 - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday : ** TopBuild Corp said it has acquired Specialty Products and Insulation (SPI) for $1 billion in cash, about a year after the two building materials makers terminated an initial ...Reuters
Wed, Oct 8
Trump says he may go to the Middle East for Gaza deal
WASHINGTON, Oct 8 (Reuters) - President Donald Trump said on Wednesday he may travel to the Middle East this weekend as his negotiators seek to seal a Gaza hostages-for-ceasefire deal.Trump said at the White House that a deal is "very close," and that he may depart Saturday for the region. H...Reuters
Wed, Oct 8
EXCLUSIVE-GM backtracks on plan to claim last-minute EV tax credits
GM cancels EV lease tax credit program after concerns from Senator MorenoProgram aimed to ease impact of tax credit expiration on dealersFord's similar program status unclear, spokesperson declined to commentBy Mike Colias and David ShepardsonOct 8 (Reuters) - General Motors GM.N is scrapping a ...Reuters
Wed, Oct 8
