By David Shepardson and Allison Lampert WASHINGTON (Reuters) -The Federal Aviation Administration said on Monday it has opened an investigation into the Boeing 787 Dreamliner after the planemaker said some employees had committed “misconduct” by claiming some tests had been completed. The FAA said it is investigating whether Boeing completed the inspections to confirm adequate…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Bond investors are selectively adding longer-dated maturities to their portfolios on bets the Federal Reserve will delay cutting interest rates and reduce them at a slower pace than in previous easing cycles, starting with a decision to stand pat on rates at this week’s policy meeting. Some portfolio managers…
By Blake Brittain (Reuters) – A group of newspapers, including the New York Daily News and Chicago Tribune, sued Microsoft and OpenAI in New York federal court on Tuesday, accusing them of misusing reporters’ work to train their generative artificial-intelligence systems. The eight newspapers, owned by investment firm Alden Global Capital’s MediaNews Group, said in…
(Reuters) -More automakers signed up to access Tesla’s electric-vehicle charging infrastructure across the United States, taking the Elon Musk-led company’s superchargers closer to becoming the industry standard. Texas has approved a plan to require EV charging companies to include Tesla’s plug if they want to be eligible for federal funds. Tesla’s North American Charging Standard…
WASHINGTON (Reuters) -International companies cannot responsibly operate in Xinjiang and should leave the western Chinese region due to forced labor concerns, a U.S. Labor Department official said on Tuesday. The U.S. government says Chinese officials continue to commit genocide and crimes against humanity against Uyghurs and other Muslim minorities in Xinjiang, and rights groups have…
By Tom Polansek CHICAGO (Reuters) -The U.S. government said on Monday it is collecting samples of ground beef at retail stores in states with outbreaks of bird flu in dairy cows for testing, but remains confident the meat supply is safe. Federal officials are seeking to verify the safety of milk and meat after confirming…
By Tatiana Bautzer NEW YORK (Reuters) -Morgan Stanley shareholders should vote against its proposal for executive pay at the bank’s annual meeting on May 23, according to a recommendation by influential proxy adviser Glass Lewis. Former CEO James Gorman, who is now executive chairman, was awarded $37 million by the company’s board, while his successor…
By Phil Stewart and Daphne Psaledakis WASHINGTON (Reuters) – The U.S. military’s cost estimate to build a pier off Gaza to deliver humanitarian aid has risen to $320 million, a U.S. defense official and a source familiar with the matter told Reuters. The figure, which has not been previously reported, illustrates the massive scale of…
BERLIN (Reuters) – The U.S. Department of Justice has closed its probe into the Mercedes-Benz diesel emissions scandal and the car manufacturer is no longer facing charges, the company said on Saturday. Mercedes-Benz cooperated fully with the DOJ, Renata Jungo Bruengger, board member for integrity, governance and sustainability at Mercedes, said in an emailed statement….
By Selena Li and Julie Zhu HONG KONG/SHANGHAI (Reuters) -China International Capital Corp (CICC) is cutting the base pay of onshore investment bankers by as much as 25%, three sources said, in a major effort to reduce costs amid volatile markets and Beijing’s austerity drive. Some of the impacted dealmakers were notified on Friday about…
