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☆ US Senator Feinstein back home after fall, brief hospitalization
▼ + stars: | 2023-08-09 | by ( Moira Warburton | ) www.reuters.com time to read: +2 min

Senator Dianne Feinstein (D-CA) attends a Senate Judiciary Committee executive business meeting to vote on legislation and pending nominations before the committee, on Capitol Hill in Washington, U.S., May 11, 2023. Senator Dianne Feinstein, 90, was briefly hospitalized following a minor fall in her San Francisco home, her office said on Wednesday, the latest incident involving a key member of the committee that approves federal judges. "All of her scans were clear and she returned home," after a brief Tuesday night hospitalization, Feinstein's office said in a statement. Feinstein is a member of the Senate Judiciary Committee that plays a critical role in confirming presidential appointments of federal judges. First elected to the Senate in 1992, Feinstein has said she will not seek re-election in 2024.

Persons: Dianne Feinstein, Kevin Lamarque, Feinstein, Republican Mitch McConnell, Ramsay Hunt, Moira Warburton, Rami Ayyub, David Ljunggren, Susan Heavey, Jonathan Oatis Organizations: Capitol, REUTERS, Democratic U.S, Democrats, Senate, Top, Republican, Committee, Thomson Locations: Washington , U.S, San, Washington

☆ Norfolk Southern agrees to boost safety at Ohio derailment site, US says
▼ + stars: | 2023-08-09 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

General view of the site of the derailment of a train carrying hazardous waste, in East Palestine, Ohio, U.S., March 2, 2023. REUTERS/Alan Freed/File PhotoWASHINGTON, Aug 9 (Reuters) - Norfolk Southern Corp (NSC.N) has agreed to improve conditions for workers rebuilding and cleaning up the site of its February derailment in East Palestine, Ohio, the U.S. Labor Department said on Wednesday. A Norfolk Southern-operated train derailed on Feb. 3 in Ohio, causing cars carrying toxic vinyl chloride and other dangerous chemicals to spill and catch fire. In March, Ohio and the U.S. Justice Department sued Norfolk Southern, seeking to ensure the railroad pays the full cost of cleanup and any long-term effects of the derailment. A U.S. Senate panel in May approved rail safety legislation that tightens rules on trains carrying explosive substances like the Norfolk Southern-operated train.

Persons: Alan Freed, We’ve, Alan Shaw, Susan Heavey, David Shepardson, Doina Chiacu, Deepa Babington, Jonathan Oatis Organizations: REUTERS, Norfolk Southern Corp, U.S . Labor Department, Teamsters ’ Railway Union, Safety, Health Administration, OSHA, Waste, Norfolk Southern, U.S . Justice Department, U.S, Senate, Republicans, Thomson Locations: East Palestine , Ohio, U.S, Norfolk Southern, Ohio, Norfolk

WASHINGTON, Aug 8 (Reuters) - U.S. regulators on Tuesday hit another batch of Wall Street firms with $549 million in civil penalties over widespread record-keeping failures related to employees' use of personal text messages and other messaging apps. Eleven firms, including Wells Fargo Securities and BNP Paribas Securities Corp, have agreed to pay $289 million in fines to the U.S. Securities and Exchange Commission to resolve the allegations. Regulators require broker dealers and investment advisers to keep certain work-related communications, but Wall Street dealers have increasingly used personal devices in recent years. Spokespeople for BNP, which agreed to pay $110 million to the regulators, and Mizuho, which agreed to pay $25 million to the SEC, declined to comment. The regulators have already fined units of JPMorgan Chase and Co (JPM.N), Barclays, Bank of America and others for similar record-keeping failures.

Persons: Wells, Société, Spokespeople, Gurbir Grewal, Chris Prentice, Susan Heavey, Nivedita Balu, Nupur Anand, Saeed Azhar, Bernadette Baum, Jason Neely Organizations: Wall Street, Wells, Wells Fargo Securities, BNP Paribas Securities Corp, U.S . Securities, Exchange Commission, Futures Trading, BNP, Bank of Montreal, Wedbush Securities Inc, Wall, SEC, CFTC, Mizuho, Nikko Securities, JPMorgan Chase, Barclays, Bank of America, Reuters, Thomson Locations: U.S, Wells Fargo, Nikko, New York, Washington, Toronto

Fulton County District Attorney Fani Willis is wrapping up a probe of attempts to overturn his 2020 election defeat in the politically competitive state of Georgia. The front of the courthouse was lined with rows of orange plastic, water-filled Jersey barriers and steel crowd control barricades. Dozens of county sheriff's deputies were stationed out front, and other deputies and Atlanta police drove marked cars in circles around the streets nearby. Trump supporters stormed the U.S. Capitol on Jan. 6, 2021, in an attempt to stop Congress from certifying his defeat. Samaya Lockridge, 23, a Democrat, who just moved from Tampa to Atlanta, said she hoped Atlanta would not see a replay of that violence.

Persons: Lewis, Donald Trump, Read, Fani Willis, Willis, Fulton County Sheriff Patrick Labat, Trump, Joe Biden's, government's, Samaya Lockridge, Rich McKay, Josephine Walker, Susan Heavey, Scott Malone, Howard Goller Organizations: Fulton County Sheriff, Slaton, Fulton, Atlanta police, Republican, Democratic, U.S, Capitol, Democrat, Thomson Locations: Fulton County, ATLANTA, Fulton, Atlanta , Georgia, Georgia, Jersey, Washington, Tampa, Atlanta

☆ Lawyer says Trump was just 'asking' with 2020 election actions
▼ + stars: | 2023-08-06 | by ( Susan Heavey | ) www.reuters.com time to read: +3 min

"Every single thing that President Trump is being prosecuted for involved aspirational asks - Asking state legislatures, asking state governors, asking state electoral officials to do the right thing. In fact, even asking Vice President Pence was protected by free speech," Lauro told Fox News. Trump, who pleaded not guilty in court last week, faces four federal charges in the election case. The proposed order would also "prevent the press from obtaining exculpatory and material information that might be relevant to these proceedings," he told "Fox News Sunday." Her also pleaded not guilty to New York state charges in Manhattan that he falsified business records to hide hush money payments to a porn star ahead of the 2016 election.

Persons: Donald Trump, Sam Wolfe WASHINGTON, aspirational, John Lauro, Joe Biden's, Trump, Pence, Lauro, Jack Smith, Tanya Chutkan, Smith, Trump's, Susan Heavey, Kanishka Singh, Leah Douglas, Heather Timmons, Grant McCool Organizations: U.S, Republican, REUTERS, Democratic, Fox News, Department of Justice, Trump, Fox, U.S . Justice Department of, Thomson Locations: Columbia , South Carolina, U.S, New York, Manhattan, Washington

☆ Dorsey-led Block raises 2023 earnings outlook after Q2 beats estimates
▼ + stars: | 2023-08-03 | by ( Nupur Anand | ) www.reuters.com time to read: +1 min

The company reported net revenue of $5.53 billion in the three months ended June, compared with $4.4 billion a year ago, beating Refinitiv estimates. The fintech, which offers merchant payment services and an app that lets people trade cryptocurrency, said gross profit in the quarter rose 27% to come in at $1.87 billion. It also revised its earnings before interest, taxes, depreciation and amortization outlook for 2023 to $1.5 billion up from an earlier forecast of $1.3 billion. Cash App, the company’s mainstay online payments service, increased gross profit by 37% to $968 million, while its Square business reported gross profit of $888 million, up 18% from last year. On an adjusted basis, Block earned 39 cents in the second-quarter, beating analysts' estimates of 36 cents, according to Refinitiv IBES data.

Persons: Dado Ruvic, Jack Dorsey, Dorsey, Block, Nupur Anand, Jonathan Oatis, Susan Heavey, Sonali Paul Organizations: REUTERS, Thomson Locations: New York

☆ US to keep Russia's food exports flowing if grain deal revived, Blinken says
▼ + stars: | 2023-08-03 | by ( Michelle Nichols | ) www.reuters.com time to read: +4 min

Russia last month quit the July 2022 deal brokered by the United Nations and Turkey aimed at easing a global food crisis after Russia's invasion of Ukraine five months earlier. PRICING PRESSURESBlinken told reporters that Russia's exports of food have exceeded levels prior to its invasion of Ukraine. The United Nations has argued that the Black Sea deal helped everyone because it brought prices down 23% from a record high in the weeks following Russia's invasion of Ukraine. After Moscow quit the deal, it began targeting Ukrainian ports and grain infrastructure on the Black Sea and Danube River, sending global grain prices soaring. Moscow has said it may resurrect the Black Sea agreement if its demands to improve its own exports of grain and fertilizer are met.

Persons: Mehmet Bey, Mehmet Emin Calsikan, Antony Blinken, we'll, Blinken, Russia's, Dmitry Polyanskiy, Polyanskiy, Moscow, Vladimir Putin, Michelle Nichols, Daphne Psaledakis, Humeyra Pamuk, Katharine Jackson, Jonathan Oatis, Susan Heavey Organizations: REUTERS, UNITED NATIONS, United, United Nations, Security, Russia, JPMorgan, The United Nations, European, Reuters, Thomson Locations: Yenikapi, Istanbul, Turkey, United States, Russia, United Nations, Ukraine, Moscow, Washington, Africa, Asia, America

REUTERS/Aude Guerrucci/File PhotoAug 3 (Reuters) - Thousands of UPS workers will start voting on their tentative contract agreement with the delivery giant on Thursday after local leaders of the International Brotherhood of Teamsters endorsed the union's deal earlier this week. The tentative deal covering 340,000 Teamsters-represented workers at United Parcel Service (UPS.N) averted a threatened strike that could have wreaked havoc on the U.S. economy by disrupting about a quarter of the nation's parcel shipments. Leaders from Teamsters locals oversee messaging and "sell" the deal to members, who vote through Aug. 22. The tentative deal would raise it to $21 from the current $16.20. It remains to be seen whether the group can mobilize enough part-timers, who account for about half of UPS workers.

Persons: Peter Lyngso, Jose Negrete, Negrete, Lyngso, Lisa Baertlein, Susan Heavey Organizations: Parcel Service, Teamsters, REUTERS, International Brotherhood of Teamsters, United Parcel Service, Monday, Leaders, UPS, Reuters, Thomson Locations: U.S, Orange , California, Washington, Chicago, Anaheim , California, Louisville , Kentucky, Los Angeles

☆ Factbox: The complexity of transforming rare earths from mine to magnet
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +3 min

China accounts for about 60% of global rare earth mine production, but its share jumps to 85%-90% of processed rare earths and magnet output. The ore contains a small percentage of rare earths, but other minerals are removed through flotation, magnetic or electrostatic processing to produce a mixed rare earth concentrate that often contains 60% to 70% rare earths. So-called light and heavy rare earths must go through different separation circuits where individual rare earths are extracted. METALS/ALLOYSSeparated rare earth oxides or carbonates are then refined into rare earth metals. Small amounts of rare earths dysprosium and terbium are often added to create more heat resistance in the magnet.

Persons: Steve Marcus, Goldman Sachs, Eric Onstad, Susan Heavey Organizations: REUTERS, Thomson Locations: Pass , California, U.S, China

REUTERS/Steve Marcus/File photoAug 2 (Reuters) - Refining rare earths for the green energy transition is hard. "The (rare earths) commissioning process is painstaking, with stops and starts," Jim Litinsky, MP's CEO and largest shareholder, told investors in May. Rare earths magnets turn power into motion and are the essential components in an electric vehicle's motor. Rare earths refining "is not really being addressed even by those who are developing magnet capacity," said Ryan Castilloux, a minerals consultant at Adamas Intelligence. American Rare Earths is working with U.S. government scientists at the Lawrence Livermore Laboratory to develop bacteria that could process rare earths.

Persons: Steve Marcus, Lockheed Martin's, Lynas, Jim Litinsky, Kray Luxbacker, they've, Allan Walton, Ryan Castilloux, Castilloux, refines, Dysprosium, Tesla, Melissa Sanderson, Nathan Picarsic, Ernest Scheyder, Eric Onstad, Nick Carey, Melanie Burton, Veronica Brown, Susan Heavey Organizations: REUTERS, Lockheed, International Energy Agency, General Motors, University of, University of Birmingham, Adamas Intelligence, Trump, Reuters, Pentagon, Blue, Benchmark Mineral Intelligence, Edge, Sweden's, U.S, Lawrence Livermore Laboratory, Horizon Advisory, Thomson Locations: Pass , California, U.S, China, Apple's, Beijing, Texas, Western Australia, COVID, California, Myanmar, Vietnam, Malaysia, Australia, Kuala Lumpur, United States, San Antonio , Texas, Sweden, South Africa, Karr

NEW YORK, July 31 (Reuters) - Shares of SoFi Technologies Inc (SOFI.O) rose by more than 22% on Monday, hitting highest level in more than a year, after the financial services provider reported second quarter results that beat analyst expectations. That result exceeded the average analyst estimate of $476.2 million and $261.3 million for SoFi's revenue and NII, according to Refinitiv data. SoFi's shares rose as high as $11.70, the highest level since March last year, before closing at $11.45 on Monday - a nearly 20% gain from the previous session. "(Second quarter) results beat expectations and were largely positive with continued rapid member and deposit growth," Jefferies analysts, led by John Hecht, said in an investor note. "We highlight that results were more from net interest income and less from fair value marks relative to our forecast, which represents recurring revenues," the analysts added.

Persons: John Hecht, Jefferies, Chibuike Oguh, Medha Singh, Nick Zieminski, Susan Heavey Organizations: YORK, SoFi Technologies, JPMorgan, Jefferies, Wall, Thomson Locations: San Francisco, New York, Bangalore

☆ UAW wins Democratic senators' support for joint venture battery workers
▼ + stars: | 2023-07-28 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, July 28 (Reuters) - More than half of the Senate's Democrats are backing the United Auto Workers' push for higher wages and benefits for workers at Detroit Three automakers' joint venture battery plants, they said in a letter released on Friday. UAW leaders have sought to secure support from Washington as negotiations opened earlier this month, with UAW President Shawn Fain meeting with lawmakers and President Joe Biden last week. In their letter to the CEOs of the Detroit Three and battery joint ventures, Senate Majority Leader Chuck Schumer joined Senators Sherrod Brown, Ron Wyden, Bernie Sanders, Richard Durbin and others in urging the automakers to embrace the joint venture battery workers before the current contract expires. Stellantis said it respects the UAW's right to organize future hourly employees at its joint venture battery facilities, adding: " The joint venture intends to offer very competitive wages and benefits." Last month, the union chief criticized $9.2 billion federal loan to a Ford/South Korea's SK On joint venture.

Persons: Shawn Fain, Joe Biden, Chuck Schumer, Sherrod Brown, Ron Wyden, Bernie Sanders, Richard Durbin, Ford, Stellantis, Jim Farley, Bill Ford, Biden, Biden's, Fain, David Shepardson, Susan Heavey Organizations: United Auto Workers, Detroit, automakers, General Motors, Ford Motor, Chrysler, UAW, Workers, EVs, SK On, South Korea's SK Innovation, Reuters, Ford, Korea's SK, LG Energy, Thomson Locations: United States, Washington, South, KS, Ohio

☆ Roku shares set for biggest daily percentage gain in four years
▼ + stars: | 2023-07-28 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +1 min

NEW YORK, July 28 (Reuters) - Shares of video streaming company Roku Inc (ROKU.O) jumped 25% on Friday and were on track for their biggest daily percentage gain since May 2019 after the streaming device maker gave an upbeat quarterly revenue forecast. Roku's stock was last up 25.3% at $85.45 in afternoon trading and has more than doubled so far this year. Meta shares were up about 4% on Friday while Alphabet was up about 3%, helping to drive a roughly 1% gain in the S&P 500 index (.SPX). Several brokerages raised their price targets on Roku after the news, including D.A. Roku said it added 1.9 million "active accounts" from the previous quarter to now reach 73.5 million.

Persons: Roku's, Davidson, OTT, Roku, Caroline Valetkevitch, Lance Tupper, Susan Heavey Organizations: YORK, Roku Inc, Meta, D.A, Thomson

☆ Roku shares notch biggest daily percentage gain in four years
▼ + stars: | 2023-07-28 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +1 min

NEW YORK, July 28 (Reuters) - Shares of video streaming company Roku Inc (ROKU.O) jumped about 25% on Friday and were on track for their biggest daily percentage gain since May 2019 after the streaming device maker gave an upbeat quarterly revenue forecast. Roku's stock was last up 25.1% at $85.31 in midday trading and has more than doubled so far this year. Meta shares were up about 4% on Friday while Alphabet was up about 3%, helping to drive a roughly 1% gain in the S&P 500 index (.SPX). Several brokerages raised their price targets on Roku after the news, including D.A. Roku said it added 1.9 million "active accounts" from the previous quarter to now reach 73.5 million.

Persons: Davidson, OTT, Roku, Caroline Valetkevitch, Lance Tupper, Susan Heavey Organizations: YORK, Roku Inc, Meta, D.A, Thomson

July 28 (Reuters) - Here is a list of legal troubles facing former U.S. President Donald Trump, the front-runner for the 2024 Republican presidential nomination. Trump said his attorneys met on Thursday with U.S. Justice Department officials, in a sign charges could come soon. Trump said on his Truth Social platform that the Department of Justice had not told his attorneys when action was likely. Officials have testified that during his final months in office, Trump pressured them with false voter fraud claims. Legal experts said Trump may have violated at least three Georgia criminal laws: conspiracy to commit election fraud, criminal solicitation to commit election fraud and intentional interference with performance of election duties.

Persons: Donald Trump, Trump, JAN, General Merrick Garland, Trump's, Smith, Walt Nauta, Carlos De Oliveira, De Oliveira, Fani Willis, Brad Raffensperger, Michael Cohen, Stormy Daniels, Daniels, reimbursing Cohen, Cohen, Jean Carroll, Carroll, Letitia James, James, Donald Jr, Eric, Joseph Ax, Luc Cohen, Karen Freifeld, Susan Heavey, Sarah N, Lynch, Jonathan Stempel, Jacqueline Thomsen, Noeleen Walder, Howard Goller, Daniel Wallis Organizations: CAPITOL, U.S, Capitol, U.S . Justice Department, Department of Justice, White, Trump, Prosecutors, Republican Georgia, U.S . Constitution, Trump's, CNN, NEW, GENERAL, New York, Trump Organization, Thomson Locations: Miami, Lago Florida, New Jersey, GEORGIA, Fulton County, Georgia, U.S ., York, Manhattan, Lago, Florida, New York

The rule, which would implement a 2017 agreement by global regulators, aims to overhaul how banks gauge their riskiness, and in turn how much money they must keep on hand. Industry opponents have already begun to criticize the plan as banks seek to soften, delay, or otherwise derail the government's long-planned effort. The proposal would see U.S. regulators implement a previous global agreement via the Basel Committee on Banking Supervision. "Bank capital is critical," said Dennis Kelleher, president and CEO of Better Markets, which advocates for tougher financial rules. "However, maximizing Wall Street’s bonuses depends on minimizing capital and that’s why Wall Street fights to prevent regulators from requiring them to have enough capital."

Persons: it’s, Ian Katz, JPMorgan Chase, Morgan Stanley, Michael Barr, Barr, Joe Biden, Dennis Kelleher, Pete Schroeder, Susan Heavey Organizations: Federal Deposit Insurance Corporation, Federal, Industry, Washington, Capital Alpha Partners, JPMorgan, Banking Supervision, Citizens Financial, Bank, Better, Thomson Locations: U.S, Basel, Huntington, that’s

☆ Tupperware's stock extends recent rally, up 300% in 5 trading days
▼ + stars: | 2023-07-27 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +2 min

The stock gains have come despite signs earlier this year of problems for Florida-based Tupperware Brands Corp. Tupperware's stock on Thursday was also among the most watched tickers on retail-investor-focused Stocktwits.com, with an "extremely bullish" sentiment score. The sharp, unexplained gains echo those seen in Bed Bath & Beyond (BBBYQ.PK) before it filed for bankruptcy and other "meme" stocks known for their sudden popularity with retail investors. Also like other "meme" shares, Tupperware's stock is highly shorted. Even with the recent gains, Tupperware's stock is down about 30% for the year to date.

Persons: Caroline Valetkevitch, Susan Heavey Organizations: YORK, Tupperware Brands Corp, Moelis, Investors, Thomson Locations: Florida, Bath

Hardline conservatives, including members of the House Freedom Caucus, warned Republican leaders this week that they would not support appropriations bills without assurances on spending. But with hardliners pushing for lower spending, the House and Senate are at least $120 billion apart, with Senate appropriators aiming at the $1.59 trillion in fiscal 2024 discretionary spending agreed by McCarthy and Biden in June. Biden on Monday vowed to veto the House Republican spending bills if they make it to his desk, saying they backed away from the deal. The military and veterans bill would provide $155.7 billion in discretionary spending for military construction and veterans affairs. Democrats rejected the military construction bill, saying it would slash important programs and impose "a kitchen sink of culture wars" on the military and veterans.

Persons: Evelyn Hockstein, Andy Ogles, Nothing's, I'm, Ogles, Don Bacon, Kevin McCarthy, Joe Biden, McCarthy, Biden, Steve Scalise, Teresa Leger Fernandez, David Morgan, Katharine Jackson, Susan Heavey, Bill Berkrot, Jonathan Oatis Organizations: U.S . Capitol, Capitol, U.S, REUTERS, WASHINGTON, Republican, House, Democratic, Caucus, Reuters, Food and Drug Administration, Lawmakers, Thomson Locations: Washington , U.S

July 26 (Reuters) - The Biden administration has asked a federal appeals court to lift an order sharply curbing government officials' communications with social media companies as a lawsuit accusing U.S. officials of seeking to censor certain views about COVID-19 and other topics online makes its way through the courts. Circuit Court of Appeals, the administration argued that a lower court judge's July 4 decision was overly broad and would hurt the government's ability to fight misinformation on platforms in a crisis. "The government cannot punish people for expressing different views," lawyers for U.S. President Joe Biden's administration wrote. The government must be allowed to seek to persuade people of its views, even where those views are the subject of controversy." His preliminary order came in a lawsuit filed by Republican attorneys general in Louisiana and Missouri.

Persons: Biden, Joe Biden's, Terry Doughty, Joe Biden, Donald Trump, Brendan Pierson, Susan Heavey Organizations: U.S, New, Circuit, Appeals, District, Facebook, YouTube, Democratic, Republican, Department of Health, Human Services, Federal Bureau of, Thomson Locations: New Orleans, U.S, Monroe , Louisiana, Louisiana, Missouri, New York

☆ Snap shares tumble after softer Q3 outlook as app revamps ads
▼ + stars: | 2023-07-25 | by ( Sheila Dang | ) www.reuters.com time to read: +2 min

Shares of Snap, which owns the Snapchat app, dropped 16% to $10.50 in after-market trading. The Santa Monica, California-based company said it estimates third quarter revenue will be between $1.07 billion to $1.13 billion. Changes to its platform to adjust advertisements took a toll, but Snap told Wall Street it is seeing benefits now. Daily active users on Snapchat rose 14% year-over-year to 397 million, beating Wall Street expectations of 394.8 million. Snap said it expects between 405 million to 406 million daily active users in the third quarter.

Persons: Sheila Dang, Susan Heavey Organizations: Inc, Facebook, Meta, Revenue, Analysts, Thomson Locations: Santa Monica , California, Dallas

A spokesperson for Covington said the firm will "review the decision carefully and consider any next steps in consultation with our affected clients." Any final outcome could make it easier for the government to get information on law firm clients in the future, and law firms warn it could chill cooperation between the private sector and authorities investigating cyberattacks. The SEC had sought the names of all the nearly 300 companies affected, but Covington resisted identifying any clients. The agency said it needed the names to probe for securities law violations associated with the attack, arguing that Covington’s law firm status did not shield it from cooperating. Covington told the court a law firm’s clients are part of a “zone of privacy” protected by the U.S. Constitution and legal ethics rules.

Persons: Burling, Judge Amit Mehta, Covington, cyberattacks, Mehta, Andrew Goudsward, David Bario, Susan Heavey Organizations: Covington, Burling, U.S . Securities, Exchange Commission, U.S, SEC, Circuit U.S, of, Thomson Locations: Covington, Washington

July 24 (Reuters) - FedEx pilots have rejected a tentative contract deal with the parcel delivery firm and the two sides will reopen negotiations, likely under the supervision of the National Mediation Board, the company and the pilots' union said on Monday. The Air Line Pilots Association (ALPA) did not detail the reasons why members voted 57% to 43% to reject the deal. "Our members have spoken and we will now regroup," Captain Chris Norman, FedEx ALPA chair, said in a statement. The tentative FedEx deal included a 30% pay increase and a 30% increase to the pilots' legacy pensions. American Airlines (AAL.O) and the Allied Pilots Association are revising their tentative deal following the United agreement.

Persons: Chris Norman, Priyamvada, Lisa Baertlein, Devika Syamnath, Susan Heavey, Hugh Lawson Organizations: FedEx, National Mediation Board, Air Line Pilots Association, United Airlines, ALPA, American Airlines, Allied Pilots Association, United Parcel Service, UPS, Thomson Locations: Bengaluru, Los Angeles

☆ Wall St sees bargains and lure of Europe buoying cruise, hotel earnings
▼ + stars: | 2023-07-24 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +4 min

Passenger ticket and onboard spending revenue is expected to increase 66% and 36%, respectively. Cabin bookings in the second quarter were up 58% compared to this time last year. For Carnival, booking volumes in the second quarter were 17% higher than in 2019, Carnival CEO Josh Weinstein told investors in June. Meanwhile, investors will be watching if record nightly rates for on-shore accommodations can offset revenue in the second quarter. Hotel and short-term rental rates were about 18% and 35% more expensive in the second quarter than in 2019, according to analytics firms CoStar and AirDNA.

Persons: Brandt Montour, McKinsey, Sylvia Jablonski, Patrick Scholes, Josh Weinstein, AirDNA, Hilton, Doyinsola Oladipo, Granth, Susan Heavey Organizations: YORK, Investors, Hilton Worldwide Holdings, Royal Caribbean Cruises, Barclays, Royal, Carnival Corp, Cruise Line Holdings, Airlines, Cruises, Cruise, Truist Securities, Thomson Locations: Europe, United States, AirDNA . U.S, Asia, New York, Bangalore

WASHINGTON, July 24 (Reuters) - The White House said it did not support Ukraine launching attacks inside Russia after two drones from Ukraine damaged buildings in Moscow earlier on Monday. "As a general matter we do not support attacks inside of Russia," White House spokesperson Karine Jean-Pierre told reporters in a press briefing. Russia vowed to take harsh retaliatory measures against Ukraine, calling the two drone strikes, including one close to the Defence Ministry's headquarters, a brazen act of terror. "And they can end it at any time by withdrawing forces from Ukraine instead of launching brutal attacks on civilians." A swarm of 17 drones also launched attacks overnight on Crimea, which Russia annexed from Ukraine in 2014, the Russian Defence Ministry said.

Persons: Karine Jean, Pierre, Jean, Pierre said, Jeff Mason, Kanishka Singh, Chris Reese, Susan Heavey Organizations: Ukraine, Defence, Russian Defence Ministry, Thomson Locations: Ukraine, Russia, Moscow, Ukrainian, Kyiv, Russian, Crimea, Washington

☆ Mexican president's fiery barbs fuel maverick rival's campaign
▼ + stars: | 2023-07-20 | by ( Dave Graham | ) www.reuters.com time to read: +5 min

Neither the president's office nor Galvez, who represents the center-right National Action Party (PAN), replied to requests for comment. Lopez Obrador has sought to break this narrative by branding Galvez a millionaire, said Roy Campos, Mitofsky's director. The authority this week ordered Lopez Obrador to remain neutral and abstain from election comments. Under Fox's government, Congress in 2005 stripped Lopez Obrador of immunity from prosecution over a minor land dispute. She urged her party to avoid resorting to tactics used against Lopez Obrador in the past.

Persons: Andres Manuel Lopez Obrador, Andres Manuel Lopez Obrador's, Xochitl Galvez, Lopez Obrador, Galvez, Alfa Gonzalez, pugnacious Lopez Obrador, Lopez, Consulta Mitofsky, Claudia Sheinbaum, Marcelo Ebrard, Roy Campos, Gabriel Islas, Beatriz Vazquez, Vicente Fox, Fox, Andres Manuel, Lorena Villavicencio, Sheinbaum, Dave Graham, Susan Heavey Organizations: Isla de, REUTERS, MEXICO CITY, Party of, Democratic Revolution, Action Party, PAN, Regeneration, Mexico City, Institutional Revolutionary Party, Congress, Thomson Locations: Isla, Isla de Cedros, Mulege, Mexico, MEXICO, derailing, MORENA, Spanish, Mexican

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