By Joey Roulette and Mike Stone WASHINGTON (Reuters) -Boeing and Lockheed Martin are in talks to sell their rocket-launching joint venture United Launch Alliance to Sierra Space, two people familiar with the…
Month: August 2024
Judge temporarily blocks Disney sports streaming venture
By Jack Queen and Dawn Chmielewski (Reuters) -A federal judge on Friday put on pause a plan by Walt Disney, Fox and Warner Bros Discovery to launch a new sports streaming platform,…
Autry Stephens, Texas oil billionaire and wildcatter, dies at 86
By Arathy Somasekhar HOUSTON (Reuters) -Autry Stephens, the billionaire founder and chairman of Endeavor Energy Resources, has died aged 86, the company disclosed on Friday, after a prolonged battle with cancer. Stephens…
Harris’ economic plan mirrors Biden’s, aims for lower taxes and prices
By Nandita Bose WASHINGTON (Reuters) – Kamala Harris is laying out proposals to cut taxes for most Americans, ban “price gouging” by grocers and boost affordable housing during her first major economy-focused…
Ford to recall about 85,000 vehicles due to risk of engine fire
(Reuters) -Ford Motor is recalling about 85,000 Explorer SUVs equipped with the Police Interceptor Utility package over concerns of an engine fire, the National Highway Traffic Safety Administration said on Friday. In…
Stocks head for best week of 2024 as wild summer ride continues
By Naomi Rovnick LONDON (Reuters) -Global stocks headed for their best week since November 2023 after encouraging U.S. economic data soothed fears of a recession, in an abrupt shift from a rout…
Cash sweep scrutiny threatens wealth managers’ credit ratings, Moody’s says
(Reuters) – The spate of regulatory investigations into wealth managers’ cash sweep programs could hurt their credit ratings, Moody’s warned on Thursday, underscoring the threat to the high-margin business for firms like…
Bayer wins victory in US legal battle against Roundup cancer claims
By Jonathan Stempel (Reuters) – Bayer won a legal victory in its fight to limit liability from claims that its Roundup weed killer causes cancer, as a U.S. appeals court on Thursday…
Lykos to cut 75% of its workforce after FDA setback for MDMA-based PTSD drug
(Reuters) -Lykos Therapeutics said on Thursday it would reduce its workforce by 75% and initiate some executive changes, days after the U.S. Food and Drug Administration declined approval for its MDMA-based treatment…
Lockheed to buy satellite products maker Terran in $450 million deal
(Reuters) – Lockheed Martin on Thursday agreed to acquire satellite products maker Terran Orbital in a $450 million deal, months after the defense contractor withdrew it previous bid to take it private….