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UAW members ratify labor deal with Mack Trucks
  + stars: | 2023-11-16 | by ( ) www.reuters.com   time to read: +2 min
[1/2] The logo of Mack Trucks is seen on a truck in a yard in Mejicanos, El Salvador, August 16, 2018. REUTERS/Jose Cabezas Acquire Licensing RightsNov 16 (Reuters) - The United Auto Workers (UAW) union said on Wednesday that about 3,900 of its members working at Mack Trucks ratified a new five-year contract, ending a month-long strike at the Volvo Group (VOLVb.ST)-owned company. "After 39 days on strike, UAW members at Mack Trucks have voted by 93% to ratify their new contract with significant local improvements," the union said in a post on messaging platform X, previously known as Twitter. Mack Trucks said the new contract covered its employees at facilities in Pennsylvania, Maryland and Florida. Mack Trucks, which was bought by Volvo in 2000, is one of North America's largest makers of medium-duty and heavy-duty trucks.
Persons: Mack Trucks, Jose Cabezas, Maria Ponnezhath, Shubham Kalia, Mrinmay Dey, Gokul Pisharody, Baranjot Kaur, Varun, Anil D'Silva Organizations: REUTERS, United Auto Workers, UAW, Mack, Volvo Group, Twitter, Detroit's Big, General Motors, Ford, Volvo, Thomson Locations: Mejicanos, El Salvador, Pennsylvania , Maryland, Florida, North, Bengaluru
Trump's Truth Social reports $73 mln net loss since launch
  + stars: | 2023-11-14 | by ( ) www.reuters.com   time to read: +1 min
Dave Sanders/Pool via REUTERS//File Photo Acquire Licensing RightsNov 13 (Reuters) - Former U.S. President Donald Trump's social media platform Truth Social has lost $73 million since its launch in early 2022, a securities filing by Digital World Acquisition Corp (DWAC.O), the SPAC that plans to merge with the company, showed on Monday. Trump had announced the launch of his social media app in Oct 2021, saying it would "stand up to Big Tech" companies such as Twitter and Facebook that previously barred him. In 2022, Truth Social posted a loss of $50 million, with net sales of just $1.4 million. It lost $23 million in the first half of this year, with net sales of $2.3 million. Trump Media & Technology Group's (TMTG) independent registered public accounting firm has indicated that the financial condition raises substantial doubt as to its ability to continue as a going concern, according to the filing.
Persons: Donald Trump, Dave Sanders, Donald Trump's, Trump, TMTG, Maria Ponnezhath, Nivedita Organizations: U.S, Trump Organization, Court, REUTERS, Former U.S, World, Big Tech, Twitter, Facebook, Trump Media & Technology, Digital, Thomson Locations: New York, Manhattan, New York City, U.S, Former, Bengaluru
India's Sahara conglomerate chief Subrata Roy dies
  + stars: | 2023-11-14 | by ( ) www.reuters.com   time to read: +1 min
[1/2] Sahara Group Chairman Subrata Roy gestures as he speaks during a news conference in Kolkata November 29, 2013. REUTERS/Rupak De Chowdhuri/File Photo Acquire Licensing RightsNov 15 (Reuters) - Embattled Sahara conglomerate chief Subrata Roy died on Tuesday due to cardiorespiratory arrest, the company said in a statement. Roy was admitted to a hospital in Mumbai on Sunday and died following complications arising from metastatic malignancy, hypertension and diabetes, according to the company. Roy, the founder and chairman of Sahara, was arrested in March 2014 for failing to attend a contempt of court hearing and was on bail since 2016. Reporting by Gursimran Kaur and Maria Ponnezhath in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.
Persons: Subrata Roy, Roy, Gursimran Kaur, Maria Ponnezhath, Shounak Dasgupta Organizations: Sahara, REUTERS, national cricket team, New, Grosvenor, Force India, One, Bad, Netflix, Thomson Locations: Kolkata, Sahara, Mumbai, London, Bengaluru
SAG-AFTRA members walk the picket line on the 100th day of their ongoing strike outside Paramount Studios in Los Angeles, California, U.S., October 20, 2023. REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsOct 30 (Reuters) - Striking Hollywood actors and studios remain far apart on key issues and will meet on Tuesday, the actors union said late on Monday. "While talks over the past week have been productive, we remain far apart on key issues, the union said in an update to its members. Last week, the union made a comprehensive counteroffer to AMPTP, the group representing Walt Disney (DIS.N) Netflix (NFLX.O) and other major media companies. Members of SAG-AFTRA, which represents 160,000 actors and other media professionals, have been on strike since July.
Persons: Mario Anzuoni, Duncan Crabtree, Crabtree, Maria Ponnezhath, Rollo Ross, Edwina Gibbs Organizations: Paramount Studios, REUTERS, Reuters, Alliance, Television Producers, Walt Disney, Netflix, SAG, Thomson Locations: Los Angeles , California, U.S, Ireland, AMPTP, Bengaluru
People stand outside a convention centre where multiple blasts occurred during a religious gathering in Kochi, India, October 29, 2023. Preliminary investigation showed that an improvised explosive device was used, Kerala Director General of Police Shaik Darvesh Saheb told reporters earlier. Police were appointing a special investigations team, Saheb told reporters, adding that strict action would be taken against those involved. "The explosions occurred seconds after the end of a prayer as part of the day's event. Seconds later, two more explosions rocked simultaneously on either sides of the hall," TA Sreekumar, regional spokesperson for the Jehovah's Witnesses told mathrubhumi.com.
Persons: Umesh, Veena George, Police Shaik Darvesh Saheb, Saheb, Pinarayi Vijayan, mathrubhumi.com, Swati Bhat, Gerry Doyle, Bernadette Baum Organizations: REUTERS, Rights, Asianet News, Reuters, Police, Local, National Security Guard, TA, Thomson Locations: Kochi, India, Rights KOCHI, Kerala, Thrissur, Ernakulam, Kalamassery, United States
By Jose Devasia and Maria PonnezhathKOCHI, India (Reuters) -At least one person was killed and several were injured in a series of explosions at a convention centre in the southern Indian state of Kerala on Sunday where a Christian group was holding a prayer meeting. The incident took place during a Jehovah's Witnesses convention at the centre in Kalamassery, about 10 kilometres (6.21 miles) northeast of Kochi. P. Rajeev, Kerala's industry minister, told reporters that he cause of the explosion could not be immediately determined. Local newspaper Mathrubhumi said at least three explosions occurred inside the convention hall, with more than 23 people injured. Seconds later, two more explosions rocked simultaneously on either sides of the hall," TA Sreekumar, regional spokesperson for the Jehovah's Witnesses told mathrubhumi.com.
Persons: Jose Devasia, Maria Ponnezhath, Pinarayi Vijayan, Rajeev, Jehovah's, Mathrubhumi, Veena George, mathrubhumi.com, Swati Bhat, Gerry Doyle Organizations: TA Locations: Maria Ponnezhath KOCHI, India, Kerala, Kalamassery, Kochi, United States
Magnitude 6.3 earthquake strikes Vanuatu islands region - GFZ
  + stars: | 2023-10-29 | by ( ) www.reuters.com   time to read: 1 min
Oct 29 (Reuters) - An earthquake of magnitude 6.3 struck the Vanuatu islands region on Sunday, the German Research Center for Geosciences (GFZ) said. The quake was at a depth of 94 km (58 miles), GFZ said. Reporting by Maria Ponnezhath in BengaluruOur Standards: The Thomson Reuters Trust Principles.
Persons: GFZ, Maria Ponnezhath Organizations: German Research Center, Geosciences, Thomson Locations: Vanuatu, Bengaluru
KOCHI, India, Oct 29 (Reuters) - At least one person was killed and several were injured in a series of explosions at a convention centre in the southern Indian state of Kerala on Sunday where a Christian group was holding a prayer meeting. The incident took place during a Jehovah's Witnesses convention at the centre in Kalamassery, about 10 kilometres (6.21 miles) northeast of Kochi. P. Rajeev, Kerala's industry minister, told reporters that he cause of the explosion could not be immediately determined. Local newspaper Mathrubhumi said at least three explosions occurred inside the convention hall, with more than 23 people injured. Seconds later, two more explosions rocked simultaneously on either sides of the hall," TA Sreekumar, regional spokesperson for the Jehovah's Witnesses told mathrubhumi.com.
Persons: Pinarayi Vijayan, Rajeev, Jehovah's, Mathrubhumi, Veena George, mathrubhumi.com, Swati Bhat, Gerry Doyle Organizations: TA, Thomson Locations: KOCHI, India, Kerala, Kalamassery, Kochi, United States
Computer parts maker Logitech's second-quarter sales fall
  + stars: | 2023-10-24 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsOct 24 (Reuters) - Logitech International (LOGN.S) suffered a drop in sales in the second quarter, it said on Tuesday, as the computer peripherals maker struggled to hold on to the gains made during the pandemic. Sales fell 8% to $1.06 billion for the quarter ended September, it said in an exchange filing. However, it reported sales of $2.03 billion in the first half, beating its own forecast of $1.875-$1.975 billion. Non-GAAP operating income rose 17% to $183 million in the second quarter, the Swiss-U.S. company said. It expects sales this fiscal year to be in the range of $4-$4.15 billion and non GAAP operating income between $525 million and $575 million.
Persons: Dado Ruvic, Bracken Darrell, Daniel Borel, Borel, Wendy Becker's, John Revill, Maria Ponnezhath, Dhanya Ann Thoppil Organizations: Logitech, REUTERS, U.S, Thomson Locations: Swiss
Web Summit's CEO Paddy Cosgrave talks on a stage during the opening of the Web Summit technology conference, in Rio de Janeiro Brazil May 1, 2023. REUTERS/Ricardo Moraes/File photo Acquire Licensing RightsOct 21 (Reuters) - Web Summit Chief Executive and founder Paddy Cosgrave on Saturday resigned after comments he made on the Israeli-Hamas conflict prompted some technology companies and investors to withdraw plans to attend its conference in Portugal next month. "Unfortunately, my personal comments have become a distraction from the event, and our team, our sponsors, our startups and the people who attend," Cosgrave said in a statement. Reporting by Maria Ponnezhath in BengaluruOur Standards: The Thomson Reuters Trust Principles.
Persons: Paddy Cosgrave, Ricardo Moraes, Cosgrave, Maria Ponnezhath Organizations: Rio de Janeiro Brazil, REUTERS, Thomson Locations: Rio de Janeiro, Portugal, Bengaluru
UAW says had to escalate action on Ford
  + stars: | 2023-10-14 | by ( ) www.reuters.com   time to read: 1 min
United Auto Workers (UAW) union members picket outside Ford's Kentucky truck plant after going on strike in Louisville, Kentucky, U.S. October 12, 2023. REUTERS/Luke Sharrett Acquire Licensing RightsCompanies Ford Motor Co FollowOct 14 (Reuters) - The United Auto Workers said on Saturday they had to escalate action against Ford (F.N) as they expected a revised offer from the automaker but were given the same offer as two weeks ago. "Unfortunately, we had to escalate our action. We came here today to get another offer from Ford, and they gave us the same exact offer as two weeks ago," the union said in a post on X. It was not immediately clear what the escalation action was.
Persons: Luke Sharrett, Maria Ponnezhath, Franklin Paul Organizations: United Auto Workers, UAW, REUTERS, Ford, Franklin Paul Our, Thomson Locations: Ford's Kentucky, Louisville , Kentucky, U.S, Bengaluru
India wants to host summer Games in 2036, says PM Modi
  + stars: | 2023-10-14 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Amit Dave/File Photo Acquire Licensing RightsOct 14 (Reuters) - India is interested in hosting the Olympic Games in 2036, Prime Minister Narendra Modi said on Saturday at the opening ceremony of the International Olympic Committee (IOC) session in Mumbai. "India will leave no stone unturned in our efforts to organise the Olympics in India in 2036. India is among several nations eyeing future Games, with Paris set to host the 2024 summer Olympics and Los Angeles picked for the 2028 Games. Modi also said India would look to host the Youth Olympics in 2029. "Sport is not just about winning medals but also winning hearts," he said.
Persons: Arun Haryani, Amit Dave, Narendra Modi, Modi, Andrzej Duda, Rohith Nair, Maria Ponnezhath, Mark Potter, Hugh Lawson, Toby Davis Organizations: Tokyo, REUTERS, Olympic Games, International Olympic Committee, Commonwealth Games, IOC, Cricket, Youth Olympics, Thomson Locations: Ahmedabad, India, Mumbai, Delhi, Paris, Los Angeles, Brisbane, Australia, Indonesia, Mexico, Bengaluru
Egypt delivered drones to Sudan's military - WSJ
  + stars: | 2023-10-14 | by ( ) www.reuters.com   time to read: 1 min
Oct 14 (Reuters) - Egypt has delivered drones to the Sudanese military, a potential escalation of a conflict that is drawing in more regional players, the Wall Street Journal reported on Saturday, citing security officials. The Turkish Bayraktar TB2 drones were delivered to Sudan's military last month, the Journal reported. Sudan's army and the paramilitary Rapid Support Forces (RSF) have been locked in a power struggle that erupted into conflict on April 15, killing hundreds of people. Spokesmen for the Egyptian Foreign Ministry and the Sudanese military didn't return requests for comment to the Journal. Reporting by Maria Ponnezhath in Bengaluru; Editing by Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.
Persons: Maria Ponnezhath, Sharon Singleton Organizations: Wall Street, Rapid Support Forces, Egyptian Foreign Ministry, Sudanese, Journal, Reuters, Thomson Locations: Egypt, Bengaluru
The judge asked for weekly updates, and said he would reschedule the trial if an agreement is not reached within 21 days. 3M spokesperson Sean Lynch said in a statement the parties are "making material and significant progress toward a resolution of this matter." [1/2] The 3M Global Headquarters in Maplewood, Minnesota, U.S. is photographed on March 4, 2020. It has said in court documents that PFAS have not been linked with health problems at the levels being discovered in drinking water. Bloomberg News reported last Friday that 3M had struck a tentative $10 billion deal with U.S. cities and towns to resolve the PFAS water pollution lawsuits it is facing.
Persons: Stuart, Richard Gergel, Paul Napoli, Sean Lynch, Nicholas Pfosi, Maria Ponnezhath, Clark Mindock, Juby Babu, Akanksha Khushi, Aishwarya Nair, Kim Coghill, Sonali Paul, Sriraj, Devika Syamnath, Alexia Garamfalvi, Marguerita Choy Organizations: 3M, District, Napoli, 3M Global, REUTERS, Bloomberg News, Environmental Protection Agency, DuPont de Nemours Inc, Corteva Inc, Thomson Locations: U.S, Florida, Charleston , South Carolina, South Carolina, Stuart , Florida, Maplewood , Minnesota, Bengaluru, New York
[1/2] The 3M Global Headquarters in Maplewood, Minnesota, U.S. is photographed on March 4, 2020. 3M was scheduled to face trial in South Carolina federal court on Monday in a lawsuit brought by the Florida city accusing the company of manufacturing PFAS, or per- and polyflouroalkyl substances, despite knowing for decades that the chemicals can cause cancer and other ailments. The company and lawyers for the city did not immediately respond to requests for comment. 3M announced in December that it would stop producing PFAS by 2025, amid increased legal and regulatory scrutiny. Bloomberg News reported last Friday that 3M had struck a tentative $10 billion deal with U.S. cities and towns to resolve the PFAS water pollution lawsuits it is facing.
Persons: Nicholas Pfosi, Stuart, Maria Ponnezhath, Clark Mindock, Kim Coghill, Sonali Paul Organizations: 3M Global, REUTERS, 3M, U.S, District, District of South Carolina Charleston Division, DuPont de Nemours Inc, Corteva Inc, Bloomberg News, Thomson Locations: Maplewood , Minnesota, U.S, Stuart, Florida, South Carolina, District of South, Bengaluru, New York
June 4 (Reuters) - U.S. industrial conglomerate 3M Co (MMM.N) and the city of Stuart, Florida has jointly filed a motion to delay the trial of a "bellwether" PFAS case, according to a court filing late on Sunday. PFAS, the "forever chemicals" used in anything from cell phones to semiconductors, have been linked to cancers, heart problems and low birth weights. Reporting by Maria Ponnezhath in Bengaluru; Editing by Kim oghillOur Standards: The Thomson Reuters Trust Principles.
Persons: PFAS, Maria Ponnezhath, Kim oghill Organizations: 3M, Thomson Locations: Stuart , Florida, Bengaluru
NEW YORK, May 29 (Reuters) - Prosecutors urged a Manhattan federal court judge on Monday to deny a request by FTX founder Sam Bankman-Fried to dismiss criminal charges accusing him of stealing billions of dollars from customers to plug losses at his hedge fund. Bankman-Fried, the 31-year-old former cryptocurrency billionaire, has pleaded not guilty to 13 counts of fraud, conspiracy, making illegal campaign contributions and foreign bribery. In a filing late Monday, prosecutors described motions to dismiss the charges as "meritless", rebutting Bankman-Fried's argument that the indictment's allegations were insufficient and legally defective. He has also argued that some of the fraud charges he faces were based on a theory that the U.S. Supreme Court invalidated on May 11. Legal experts have said Bankman-Fried faces long odds of getting the charges tossed, because prosecutors can point to tangible money that his customers lost.
Eastern Canada's Halifax declares emergency over wildfire
  + stars: | 2023-05-29 | by ( ) www.reuters.com   time to read: +1 min
[1/3] Large plumes of smoke rise from a wildfire raging in the Upper Tantallon area, as seen from Hubley, Nova Scotia, Canada May 28, 2023 in this screen grab obtained from a social media video. Ben Britton/via REUTERSMay 28 (Reuters) - The eastern Canadian city of Halifax declared a state of local emergency late on Sunday after a wildfire caused evacuations and power outages. "Emergency responders are working around the clock to keep people safe and reduce the threats posed by the fires," the municipal authority in the capital of Nova Scotia province said in a press release. The state of emergency would be in effect for seven days, unless lifted or extended, the municipality said. Nova Scotia Power had temporarily disconnected power in the affected area, it said on Twitter.
[1/3] A medical team arrives following a stampede prior to a soccer game between C.D. FAS Vs. Alianza F.C. at the Cuzcatlan stadium, in San Salvador, El Salvador May 20, 2023. REUTERS/ Jose CabezasMay 20 (Reuters) - Nine people died in a stampede at El Salvador stadium, the AFP said on Twitter, citing the police on Saturday. loadingReporting by Maria Ponnezhath in Bengaluru; Editing by Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.
Armed attack kills 10 in Ecuador port Guayaquil
  + stars: | 2023-04-30 | by ( ) www.reuters.com   time to read: +1 min
April 30 (Reuters) - An armed attack has killed 10 people in the Ecuadorean port city of Guayaquil, the public prosecutor's office of Ecuador and police reported on Sunday. Three people were wounded, including a 5-year-old girl, police said on Sunday. A rifle and 9-millimeter caliber guns were found at the scene, the Ecuadorean Prosecutor's Office posted on its Twitter account. "We believe that this has to do with a struggle between organized criminal groups over the fight for territorial control," National Police Commander William Villaroel told a news conference. The Ecuadorean government declared a state of emergency in early April in Guayaquil and surrounding areas in an effort to curb surging violence in the Pacific port city.
April 27 (Reuters) - Iran seized a Marshall Islands-flagged oil tanker in the Gulf of Oman in international waters on Thursday, the U.S. Navy said, the latest in a series of several seizures of commercial vessels in Gulf waters in the past couple of years. The navy said the seizure of the Advantage Sweet by Iran's Islamic Revolutionary Guard Corps Navy disrupts regional security and stability and called on Tehran to immediately release the tanker. Iranian authorities did not immediately respond to a request for comment by ReutersThe ship, a Suezmax oil tanker built in 2012, issued a distress call during the seizure, the navy statement said. The navy said Iran has in the past two years unlawfully seized at least five commercial vessels in the Middle East. Iran in November released two Greek-flagged tankers that it seized in the Gulf in May.
Iran seizes oil tanker in Gulf, U.S. Navy says
  + stars: | 2023-04-27 | by ( ) www.reuters.com   time to read: +5 min
[1/4] Marshall Islands-flagged oil tanker Advantage Sweet, which, according to Refinitiv ship tracking data, is a Suezmax crude tanker which had been chartered by oil major Chevron and had last docked in Kuwait, sails at Marmara sea near Istanbul, Turkey January 10, 2023. Iran's army said it had seized a Marshall Islands-flagged oil tanker in the Gulf of Oman after it collided with an Iranian boat, injuring several crewmen, Iranian state media reported. The vessel's destination was listed as the U.S. Gulf of Mexico port of Houston, ship tracking data showed. Iran last November released two Greek-flagged tankers it seized in the Gulf in May in response to the confiscation of oil by the United States from an Iranian-flagged tanker off the Greek coast. The U.S. Navy, whose Fifth Fleet is based at the Gulf island state of Bahrain, called on Iran to immediately release the tanker.
April 2 (Reuters) - Cineworld Group Plc (CINE.L) is planning to raise $2.26 billion, according to a court filing on Sunday, as the theater chain aims to emerge from Chapter 11 bankruptcy in the first half of 2023. The fundraising will consist of a first lien senior secured debt credit facility of $1.46 billion and issuance of new common stock for an aggregate purchase price of $800 million, according the filing with the U.S. bankruptcy court in the Southern District of Texas. Cineworld filed for U.S. bankruptcy protection in September to try to restructure its debt after being hit by the pandemic and a lack of blockbuster movies. The proceeds of the capital raising will be used to meet costs and expenses relating to the restructuring, and also to pay fees, other expenses and provide working capital to reorganized debtors, according to the filing. Reporting by Maria Ponnezhath in Bengaluru; Editing by Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.
[1/2] The logo for McDonald's restaurant is seen as McDonald's Corp. reports fourth quarter earnings, in Arlington, Virginia, U.S., January 27, 2022. REUTERS/Joshua Roberts/File PhotoApril 2 (Reuters) - Burger chain McDonald's Corp (MCD.N) is temporarily closing its U.S. offices this week as it prepares to inform corporate employees about its layoffs as part of a broader company restructuring, the Wall Street Journal reported on Sunday. "During the week of April 3, we will communicate key decisions related to roles and staffing levels across the organization," the Chicago-based company said in the message viewed by the Journal. McDonald's also asked employees to cancel all in-person meetings with vendors and other outside parties at its headquarters, the report added. McDonald's is expected to begin announcing key decisions by Monday.
April 1 (Reuters) - Three British men are being held in Taliban custody in Afghanistan, including so-called "danger tourist" Miles Routledge, Sky News reported on Saturday. The other two men are charity medic Kevin Cornwell and another unidentified UK national who manages a hotel in Kabul, the report said. "We are working hard to secure consular contact with British nationals detained in Afghanistan and we are supporting families," a spokesperson for Britain's Foreign, Commonwealth and Development Office (FCDO) told Reuters in a statement, but did not confirm the details of the British nationals. Routledge has gained fame, and attracted controversy, by travelling to dangerous countries and posting about it online. Reporting by Maria Ponnezhath and Rahat Sandhu in Bengaluru Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.
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