(Reuters) -Electric vehicle startup Fisker has hired restructuring advisers to assist with a possible bankruptcy filing, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The company has hired financial adviser FTI Consulting and the law firm Davis Polk to work on a potential bankruptcy filing, according to the report. Fisker…
By Joey Roulette WASHINGTON (Reuters) – The FAA on Wednesday granted SpaceX a license to test-launch the company’s Starship rocket system from Texas, according to the agency’s website, paving the way for another early demonstration of a spacecraft crucial to Elon Musk’s satellite launch business and NASA’s moon program. “The FAA determined SpaceX met all…
By Harold Isaac PORT-AU-PRINCE (Reuters) -Haiti’s capital was calm on Wednesday, two days after the prime minister said he would step down, but the United States and the United Nations began to withdraw staff in a sign they fear peace might not hold. Prime Minister Ariel Henry said on Monday he would resign once a…
(Reuters) -Lennar Corp reported first-quarter profits above Wall Street estimates on Wednesday, as historically low existing home supply led to sustained demand for new unit construction. The company delivered 16,798 homes in the quarter ended Feb. 29, a 23% jump from a year earlier. “Macroeconomic environment remained relatively consistent throughout the quarter,” said Stuart Miller,…
By Caroline Valetkevitch NEW YORK (Reuters) -The S&P 500 and Nasdaq edged lower on Wednesday as investors took profits in chipmaker stocks, while they braced for producer price data and further clues on the inflation trend ahead of next week’s Federal Reserve meeting. An index of semiconductors eased 2.5% after recent strong gains, but was…
By David Lawder ELIZABETHTOWN, Kentucky (Reuters) -U.S. Treasury Secretary Janet Yellen on Wednesday said President Joe Biden’s administration is taking steps to ensure success of the domestic electric vehicle (EV) industry in the face of China’s growing exports in the sector and heavy government subsidies. Asked whether the United States needs new tariffs on Chinese…
TEL AVIV (Reuters) – Israel will try to “flood” the Gaza Strip with humanitarian aid from a variety of entry points, the main military spokesman said on Wednesday as international pressure mounted to address the growing problem of hunger in the besieged enclave. After more than five months of war in Gaza, aid agencies have…
By Andrew Gray BRUSSELS (Reuters) -European Union countries agreed on Wednesday to provide 5 billion euros ($5.48 billion) for military aid to Ukraine as part of a revamp of an EU-run assistance fund, handing Kyiv a timely boost as its forces struggle against Russia’s invasion. Ambassadors from the EU’s 27 member countries agreed to the…
By David Gauthier-Villars, Laila Bassam and Tom Perry ISTANBUL (Reuters) – An Israeli tank killed Reuters reporter Issam Abdallah in Lebanon last year by firing two 120 mm rounds at a group of “clearly identifiable journalists” in violation of international law, a U.N. investigation into the Oct. 13 incident has found. The investigation by the…
By Jonathan Stempel (Reuters) -Eggland’s Best, one of the largest U.S. egg producers, has been sued for falsely claiming that its eggs contain less saturated fat than other eggs. The proposed class action filed on Tuesday in federal court in Chicago by Richard Vilchis challenges Eggland’s Best’s claim on its packaging that its eggs contain…
