News

September 9, 2021 (Reuters) – The White House on Thursday said it is targeting 20% lower aviation emissions by 2030, as airlines facing pressure to lower their carbon footprint promised to use more sustainable aviation fuel. The push to accelerate carbon cutting is part of President Joe Biden’s target of making the United States net […]

September 9, 2021 (Reuters) – The U.S. Food and Drug Administration said on Thursday it needs more time to decide whether e-cigarette maker Juul Labs Inc and other major manufacturers can sell their products in the United States. The agency had been expected to make a decision by Thursday, a year after Juul and other […]

September 9, 2021 By Jarrett Renshaw, Jeff Mason and Sarah N. Lynch WASHINGTON (Reuters) -President Joe Biden on Thursday withdrew his nomination of gun control advocate David Chipman to head the Bureau of Alcohol, Tobacco, Firearms and Explosives – a federal agency pivotal in his goal of lowering U.S. firearms violence – blaming Republican opposition. […]

A battle between Box and its majority shareholder Starboard Value over control of the board ended today when the company’s slate of directors easily defeated Starboard’s. It culminated months of maneuvering on both sides as they battled for control of the company. Box in a somewhat generic statement expressed gratitude for the results: “Box appreciates […]

Houseparty, the social video chat app acquired by Fortnite maker Epic Games for a reported $35 million back in 2019, is shutting down. The company says Houseparty will be discontinued in October when the app will stop functioning for its existing users; it will be pulled from the app stores today, however. Related to this […]

Earlier today, as part of a private event, this editor was afforded the opportunity to talk with some of the biggest names in the world of private equity, including Carlyle cofounder David Rubenstein; Bain Capital co-chair Steve Pagliuca; Jean Salata, the CEO and founding partner of Baring Private Equity Asia; and Sheila Patel, the vice […]

September 9, 2021 (Reuters) – Liverpool defender Virgil van Dijk has shaken off a minor ankle injury sustained while on duty with the Netherlands and will be available for their Premier League visit to Leeds United this weekend, manager Juergen Klopp said on Thursday. Knee surgery kept Van Dijk sidelined for most of last season […]

September 9, 2021 By David Shepardson WASHINGTON (Reuters) -A group of 13 Republican lawmakers on Thursday raised concerns about U.S. approval for Chinese telecommunications company Huawei to buy chips for its growing auto components business. The lawmakers, on the Energy and Commerce Committee, asked U.S. Transportation Secretary Pete Buttigieg in a letter seen by Reuters […]

September 9, 2021 By Shashank Nayar (Reuters) – Wall Street indexes held steady on Thursday as weekly jobless claims fell to a near 18-month low, allaying fears of a slowing economic recovery. The Labor Department said initial claims for state unemployment benefits dropped 35,000 to a seasonally adjusted 310,000 for the week ended Sept. 4, […]

September 9, 2021 SAN FRANCISCO (Reuters) -Tesla Chief Executive Elon Musk has asked employees to “go super hardcore” to make up for production challenges early in the third quarter and “ensure a decent Q3 delivery number,” according to an internal email seen by Reuters. “The end of quarter delivery wave is unusually high this time, […]

September 9, 2021 (Reuters) – Afghanistan captain Rashid Khan stepped down from his position with immediate effect on Thursday, shortly after the country’s cricket board (ACB) named him in their squad for the Twenty20 World Cup in October-November. The 22-year-old leg-spinner said on social media that he was not consulted by the ACB, who earlier […]

September 9, 2021 (Reuters) – Formula One world championship leader Max Verstappen calmed fears he might have to take an engine penalty for Sunday’s Italian Grand Prix. “We haven’t really decided yet where to take it,” the Red Bull driver told reporters at Monza on Thursday when asked about a likely grid drop. “This engine […]

September 9, 2021 By Paresh Dave (Reuters) – Alphabet Inc’s Google aims to replenish 20% more water than its offices and data centers use by 2030, the company said on Thursday, addressing concerns about water-guzzling tech facilities amid record droughts. “We are pledging to a water stewardship target to replenish more water than we consume […]

September 9, 2021 By Sharon Bernstein SACRAMENTO, Calif. (Reuters) – President Joe Biden will campaign for California Governor Gavin Newsom on Monday as Democrats keep rolling out their biggest names to fight a Republican-backed recall attempt in the deep blue state. Biden will appear with the embattled governor in the port city of Long Beach […]

The aviation industry is notoriously difficult to decarbonize, in part because airplanes use a petroleum-based fuel to fly. Alder Fuels wants to change that. The new cleantech company, headed by Bryan Sherbacow, is developing a low-carbon jet fuel that can be used as a 100 percent drop-in replacement for petroleum fuel, without needing to adapt […]

September 9, 2021 (Reuters) -The first international commercial flight since the end of the chaotic Western airlift from Afghanistan last month took off from Kabul airport on Thursday with more than 100 passengers on board, officials said. “We managed to fly the first plane with passengers just an hour ago,” Qatari Foreign Minister Sheikh Mohammed […]

GM has extended a shutdown at its Orion Assembly Plant another two weeks due to a battery pack shortage related to the widespread Chevrolet Bolt EV and Bolt EUV safety recall. GM said the extended downtime at the Orion plant will last through September 20. Orion Assembly Plant in Michigan has been shut down since […]

September 9, 2021 By Alan Baldwin (Reuters) – George Russell has nothing to lose in moving from Williams to Mercedes next season, future Formula one team mate Lewis Hamilton said on Thursday. Russell, 23, will be replacing Finland’s Valtteri Bottas alongside the seven-times world champion and fellow Briton at the dominant team of the last […]

September 9, 2021 (Reuters) -West Indies recalled experienced pace bowler Ravi Rampaul to the team for the first time in six years as the defending champions on Thursday named their squad for the Twenty20 World Cup in the United Arab Emirates and Oman in October-November. Rampaul, a member of the 2012 World Cup winning squad, […]

September 9, 2021 MEXICO CITY (Reuters) – Bitcoin is more like a means of barter than “evolved” fiat money, Mexico’s central back chief said on Thursday, calling it a high-risk investment and a poor store of value. Bank of Mexico Governor Alejandro Diaz de Leon’s comments suggest Mexico will not be following El Salvador any […]