Town Hall News

By Nate Raymond and Andrew Chung (Reuters) – The U.S. Supreme Court on Thursday preserved a California law banning the sale of pork in America’s most-populous state from pigs kept in tightly confined spaces, rejecting an industry challenge claiming that the voter-backed animal welfare measure impermissibly regulates out-of-state farmers. The justices voted 5-4 to uphold a lower court’s dismissal of a lawsuit by the National Pork Producers Council and the […]

By Brad Brooks (Reuters) – A federal judge in Virginia has struck down federal laws that block the sale of handguns to buyers under the age of 21, ruling they violate constitutional rights to possess firearms. The ruling, which the Justice Department is expected to challenge, will not take effect until judge Robert Payne, of the U.S. District Court for the Eastern District of Virginia, who was appointed by President […]

(Reuters) – Tesla Inc raised the U.S. prices for its Model S, X, and Y electric vehicles on Thursday, according to its website. The company raised the prices for all variants of its Model S and X vehicles by $1,000, while prices of all Model Y variants were increased by $250, its website showed. There were no changes to the prices of its Model 3 vehicle. Last month, Tesla Chief […]

(Reuters) – Tesla Inc raised the U.S. prices for its Model S, X, and Y electric vehicles on Thursday, according to its website. The company raised the prices for all variants of its Model S and X vehicles by $1,000, while prices of all Model Y variants were increased by $250, its website showed. There were no changes to the prices of its Model 3 vehicle. Last month, Tesla Chief […]

(Changes “sell” to “sale” in paragraph 1) By Brad Brooks (Reuters) -A federal judge in Virginia has struck down federal laws that block the sale of handguns to buyers under the age of 21, ruling they violate constitutional rights to possess firearms. The ruling, which the Justice Department is expected to challenge, will not take effect until judge Robert Payne, of the U.S. District Court for the Eastern District of […]

SYDNEY (Reuters) -China’s foreign minister is expected to visit Australia in July as diplomatic relations between the two trading partners stabilise, the South China Morning Post reported on Friday. The visit by the minister, Qin Gang, has not been officially announced but would take place in July, the newspaper reported, citing a source “close to the Chinese government”. An Australian academic, James Laurenceson, director of the Australia-China Relations Institute (ACRI) […]

SYDNEY (Reuters) -China’s foreign minister is expected to visit Australia in July as diplomatic relations between the two trading partners stabilise, the South China Morning Post reported on Friday. The visit by the minister, Qin Gang, has not been officially announced but would take place in July, the newspaper reported, citing a source “close to the Chinese government”. An Australian academic, James Laurenceson, director of the Australia-China Relations Institute (ACRI) […]

SHANGHAI (Reuters) – Chinese chip maker Semiconductor Manufacturing International Corp (SMIC) on Thursday reported its first quarterly drop in revenue in more than three years, as the global chip sector struggles to work through an inventory glut. Revenue in the January-March quarter was $1.46 billion, down 20.6% year-on-year and in line with analyst estimates. Net profit fell 48.3% from a year earlier to $231.1 million. SMIC executives attributed the drop […]

SHANGHAI (Reuters) -Chinese chip maker Semiconductor Manufacturing International Corp (SMIC) on Thursday reported its first quarterly drop in revenue in more than three years, as the global chip sector struggles to work through an inventory glut. Revenue in the January-March quarter was $1.46 billion, down 20.6% year-on-year and in line with analyst estimates. Net profit fell 48.3% from a year earlier to $231.1 million. SMIC executives attributed the drop to […]