Author: Press Room
A group of outside experts appointed by the Federal Aviation Administration called on Wednesday for “urgent action” to address safety risks in the nation’s aviation system, highlighting issues like staffing shortages among air traffic controllers and outdated technology.The F.A.A. announced the formation of the group, the National Airspace System Safety Review Team, in April after a string of close calls at airports across the country, and the panel issued a 52-page report on Wednesday laying out its findings.In addition to calling for the F.A.A. to address the shortage of air traffic controllers and improve its aging technology, the report also…
Three Ukrainian men have been charged with treason in their home country.Prosecutors say the men were being paid off by Russian agents.The trio helped Rudy Giuliani and the Trump campaign investigate Hunter Biden for the 2020 election. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Three Ukrainian men — including a sitting politician — helped the Trump campaign investigate Hunter Biden before the 2020 election.They were also working with Russian spies, Ukrainian prosecutors now allege.Oleksandr Dubinsky, a current MP; ex-lawmaker Andriy Derkach; and former…
Stay informed with free updatesSimply sign up to the US economy myFT Digest — delivered directly to your inbox.US retail sales fell less than forecast in October, in a sign of consumer’s relative resilience, even as several big retailers acknowledged economic pressure is crimping spending ahead of the holiday season.Retail sales, which include spending on food and petrol, fell 0.1 per cent last month, the Census Bureau said on Wednesday, spurred in part by a price-related drop in spending on petrol. Although it was the first monthly decline since March, the figure was less than economists’ forecasts for a 0.3…
© Reuters. FILE PHOTO: The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook By David Shepardson (Reuters) – General Motors (NYSE:)’ tentative labor deal with the United Auto Workers (UAW) union closed in on ratification as the votes were counted on Wednesday. Following the approval earlier in the day by more than 60% of union members at the Detroit automaker’s large Arlington, Texas, assembly plant, additional votes in favor have the deal close to clinching majority approval. The number of union locals, most of which are smaller,…
© Reuters. FILE PHOTO: Jimmy Kimmel hosts the Oscars show at the 95th Academy Awards in Hollywood, Los Angeles, California, U.S., March 12, 2023. REUTERS/Carlos Barria/File Photo LOS ANGELES (Reuters) – Comedian Jimmy Kimmel will host the 96th Oscars next year, his fourth time helming the pinnacle event of the Hollywood awards season, the Academy of Motion Picture Arts and Sciences said on Wednesday. “I always dreamed of hosting the Oscars exactly four times,” Kimmel said in the Academy statement. The 96th Oscars will air on Walt Disney-owned ABC and broadcast outlets around the world on March 10, 2024. Kimmel…
ismagilov Telomir Pharmaceuticals (TELO) has filed for a proposed $14M initial public offering. The biotech company didn’t set any terms in its SEC filing, but indicated in a filing fee schedule that it was seeking to raise around $14M. Kingswood Investments is serving as lead bookrunner. Telomir hopes to list its shares on Nasdaq under the symbol TELO. Based in Maryland, Telomir’s lead drug candidate, TELOMIR-1, is an orally administered IL-17 inhibitor. The company plans to develop the drug, which is in the preclinical stage, as a potential treatment for post-chemotherapy recovery and age-related inflammatory conditions such as osteoarthritis. More…
A nominee for a district judgeship in Oklahoma struggled during her nomination hearing on Wednesday to define basic terms for orders issued regularly by judges.Sara E. Hill, who is nominated by President Biden to be the district judge for the Northern District of Oklahoma, was grilled by Sen. John Kennedy, R-La., on the Senate Judiciary Committee about basic legal and Constitutional terms and definitions – a practice that’s become usual for him in recent months after several nominees have struggled to pass his tests.When Kennedy asked Hill the difference between a “stay” order and an “injunction” order – two orders frequently issued…
Magic Software (MGIC) formally announced its Q3 results yesterday. Consistent with the weaker-than-expected preliminary results reported a weak earlier, revenues […]
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.New York state is suing food and drinks giant PepsiCo for plastic waste pollution, the latest lawsuit to try to hold companies to account over their environmental impact.New York attorney-general Letitia James has demanded that the soft-drink maker reduce the quantity of packaging released into the Buffalo River and pay for the damage caused by microplastics to people and the environment. “All New Yorkers have a basic right to clean water, yet PepsiCo’s irresponsible packaging and marketing endanger Buffalo’s water supply, environment…
© Reuters. FILE PHOTO: The U.S. Capitol Building is seen in Washington, U.S., August 15, 2023. REUTERS/Kevin Wurm/File Photo/File Photo By David Morgan and Moira Warburton WASHINGTON (Reuters) -Democratic and Republican leaders in the U.S. Senate said on Wednesday they could possibly vote later in the day on legislation that would keep the government funded and prevent a partial shutdown. “No drama, no delay, no government shutdown. That’s our goal and we hope to have an agreement very soon,” Senate Majority Leader Chuck Schumer, a Democrat, said on the Senate floor. Leaders from both parties have said they support a…