Town Hall News

By Valerie Insinna WASHINGTON (Reuters) -Boeing said on Tuesday it is slowing deliveries of its 787 Dreamliner after the company discovered a new production flaw, but expressed optimism that it can still deliver 70-80 of the widebody jets this year as planned. The problem, which does not pose a flight safety concern, involves a fitting for the 787’s horizontal stabilizer made by a Boeing production facility in Salt Lake City, […]

By Shrivathsa Sridhar PARIS (Reuters) – World number two Aryna Sabalenka reached the French Open semi-finals on Tuesday by beating Ukraine’s Elina Svitolina, who accused the Belarusian of fanning the flames of controversy for waiting at the net for a handshake she knew would never come. Novak Djokovic, who put his own political drama in the rear-view mirror last week, continued his bid for a men’s record 23rd Grand Slam […]

By Tim Hepher, Joanna Plucinska and Aditi Shah ISTANBUL (Reuters) -Global airlines called on Tuesday for broad co-operation to reach “very tough” emission targets and pledged to release interim climate targets next year as the industry aims for a goal of net-zero by 2050. Aviation, which produces around 2% of the world’s emissions, is considered one of the hardest sectors to decarbonise and the International Air Transport Association (IATA), grouping […]

By Luc Cohen NEW YORK (Reuters) – The exiled Chinese businessman Guo Wengui will face trial starting April 8, 2024 on U.S. charges of leading a more than $1 billion fraud. U.S. District Judge Analisa Torres set the date at a Tuesday hearing in Manhattan federal court. Guo is a prominent critic of China’s Communist Party, and business associate of former U.S. President Donald Trump’s onetime adviser Steve Bannon. He […]

By Shrivathsa Sridhar PARIS (Reuters) -World number two Aryna Sabalenka reached the French Open semi-finals on Tuesday by beating Ukraine’s Elina Svitolina, who accused the Belarusian of fanning the flames of controversy for waiting at the net for a handshake she knew would never come. Novak Djokovic, who put his own political drama in the rear-view mirror last week, continued his bid for a men’s record 23rd Grand Slam title […]

NEW YORK (Reuters) – U.S. hedge fund Citadel’s flagship portfolio posted a 6.14% return in the first five months of the year and its other portfolios also gained, an investor in the fund said on Tuesday. The Citadel Wellington fund, billionaire investor Ken Griffin’s flagship portfolio, ended the month with a 0.72% gain, the person said. A Citadel representative declined to comment. Many hedge funds are still compiling May numbers, […]

By Jonathan Stempel NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Tuesday sued Coinbase, accusing the largest U.S. cryptocurrency platform of operating illegally because it failed to register as an exchange, in another blow to the crypto industry. The lawsuit is the SEC’s second in two days against a major crypto exchange, following its case against Binance, the world’s largest cryptocurrency exchange, and founder Changpeng Zhao. Both […]

(Reuters) – Gene-sequencing machine maker Illumina Inc has filed an appeal against an order from the U.S. Federal Trade Commission (FTC) that demands it divest cancer diagnostic test maker Grail Inc on competition concerns. Illumina spun off Grail in 2016, but retained a 12% stake. It reacquired the cancer test maker in 2021, despite opposition from European and U.S. regulators. The following is a chronology of events in the Illumina-Grail […]

By Divya Rajagopal TORONTO (Reuters) -Teck Resources has received several indications of interest for its steelmaking coal business, the Canadian miner said on Tuesday, after withdrawing a plan to separate its copper and coal business. Teck said in a statement its board will evaluate all “actionable, value-accretive proposals” before making a decision, noting that a transaction is not guaranteed. It did not elaborate or respond to a request for comment. […]