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WASHINGTON (AP) — A low-key lawmaker in Congress for less than a decade, new House Speaker Mike Johnson isn’t recognizable to most Americans. But the social conservative and devoted ally of former President Donald Trump has been a quiet force within the Republican conference he now unexpectedly leads. “A friend to all and an enemy to none,” Republican conference chairwoman Elise Stefanik said when nominating Johnson ahead of the speaker vote Wednesday. A constitutional lawyer and former member of the Louisiana state House, Johnson was first elected to the U.S. House in 2016. Among the more conservative members of the GOP conference, Johnson has consistently opposed a woman’s right to abortion — “we will get the number of abortions to ZERO!

Persons: Mike Johnson, Donald Trump, Kevin McCarthy, “, Elise Stefanik, Johnson, ” Johnson, Newt Gingrich, —, Trump’s, Jim Jordan, Trump, ”, Doug Collins, Collins, Mike, ” Collins, Biden, Virginia Foxx, Hakeem Jeffries, Matt Gaetz, McCarthy’s, I’ve, ” Gaetz, ” McCarthy, Mario Diaz Balart, Jordan’s, Thomas Massie, Kevin Freking, Stephen Groves, Lisa Mascaro, Farnoush Amiri, Jill Colvin, Matthew Daly Organizations: WASHINGTON, Republican, Louisiana Republican, GOP, U.S . House, Twitter, Committee, Trump, ” Former Georgia, Capitol, North Carolina Rep, Democratic, Florida, Associated Press Locations: Louisiana, Israel, Georgia

WASHINGTON (AP) — Day 20 without a House speaker, and Republicans found themselves starting over on Monday — bumbling ahead with few ideas about who will lead, what they are fighting over and when they will get Congress working again. Nine lower-level Republican lawmakers are now running to be speaker, leader of the House and second in line to the presidency — none with any clear shot for the gavel. McCarthy himself calls the whole spectacle “embarrassing” for the House Republicans whose majority is being wasted away and for the U.S. government that cannot fully function. Troy Nehls, R-Texas, who has repeatedly suggested Trump should be elected House speaker. The House Republicans dropped Jordan as their nominee late Friday.

Persons: Tom Emmer, Donald Trump, Kevin McCarthy, McCarthy, Matt Gaetz, Joe Biden, —, Steve Scalise, Jim Jordan, ”, Troy Nehls, Trump, Biden, Jordan, Emmer, Patrick McHenry, Republicans —, McHenry, Mitch McConnell, ” McConnell, “, Mike Johnson, Kevin Hern, Byron Donalds, Austin Scott of Georgia, Pete Sessions, Jack Bergman of Michigan, Dan Meuser, Gary Palmer of, Dusty Johnson of, Stephen Groves, Jill Colvin, Farnoush Amiri, Kevin Freking Organizations: WASHINGTON, —, GOP, Republicans, House Republicans, U.S ., Rep, Federal, Capitol, Republican, Trump, Financial Services, Senate, CBS, Committee, Press Locations: ., Minnesota, Florida, Israel, Ukraine, U.S, Mexico, Texas, R, Louisiana, Pennsylvania, Gary Palmer of Alabama, Dusty Johnson of South Dakota

A new documentary “Uncharitable,” from “Paris Trout” and “Losing Isaiah” director Stephen Gyllenhaal, wants to change that. For almost twenty years, researchers and nonprofits have warned about the negative consequences of starving nonprofits of general operating expenses, also known as overhead. In part by emphasizing efficiency, those donors continue to pressure nonprofits to decrease their standing costs, using a slightly different vocabulary. Similarly, more donors understand the value of granting unearmarked funds, which allow nonprofits to change plans or simply to invest in their staff or improve their infrastructure or technology. ___Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc.

Persons: Izzy Smith, ” Smith, Isaiah, Stephen Gyllenhaal, Dan Pallotta, Pallotta, Darren Walker, ” Pallotta, ”, “, Michael Thatcher, ” Elizabeth Organizations: Ford Foundation, Urban Institute, Candid, Navigator, Alliance, University of Texas, Associated, Lilly Endowment Inc, AP Locations: The Massachusetts, Dallas

But not all Republicans want to see Jordan as speaker, second in line to the presidency. Overwhelmed and exhausted, anxious GOP lawmakers worry their House majority is being frittered away to countless rounds of infighting over rules, personalities and direction of the GOP. Handfuls of Republicans announced they were sticking with Jordan, McCarthy or someone other than Scalise — including Trump. The position as House speaker does not need to go to a member of Congress. Exasperated Democrats, who have been waiting for the Republican majority to recover from McCarthy’s ouster, urged them to figure it out.

Persons: Jim Jordan, Steve Scalise, holdouts, Jordan, Jesus Christ, ”, Mark Alford, Kevin McCarthy, Donald Trump, Joe Biden, “, Jim Banks, ” Jordan, Richard Hudson, ” Hudson, Patrick McHenry, Hakeem Jeffries, Scalise, “ It’s, ” Scalise, McCarthy, Handfuls, Steve, ” Trump, Brian Kilmeade’s, Stephen Groves, Jill Colvin Organizations: WASHINGTON, GOP, Caucus, Republican, Ohio Republican, Republicans, New York Rep, Trump, Fox News, California Republican, Democrats, Associated Press Locations: Scalise, R, U.S, New York

An “American hero,” is how Republican colleagues describe Scalise after the 2017 shooting and on Wednesday, a narrow majority of them nominated him as their next House speaker following the unprecedented ouster of the former speaker, Rep. Kevin McCarthy. McCarthy rose to become Majority Leader, and Scalise the Majority Whip. One early morning three years later, Scalise and other Republican lawmakers gathered at a grassy park in the suburbs outside of Washington to practice for the upcoming congressional baseball game. When McCarthy seized the gavel in January once Republicans regained the majority, Scalise won the No. Late Wednesday, the speaker's office became a revolving door as holdout Republican lawmakers met with Scalise bringing their concerns, complaints and demands.

Persons: —, Steve Scalise, Kevin McCarthy, Scalise, we’ve, ”, Andy Barr, Ronald Reagan, McCarthy, John Boehner, Eric Cantor, Paul Ryan, Cantor, Donald Trump, ” Scalise, “, Scalise’s, Jennifer, ” Womack, Jim Jordan, Marjorie Taylor Greene, Jordan, David Duke, It’s, Boehner, Ryan, Trump, “ We’re, Chip Roy, Roy, Stephen Groves, Farnoush Amiri Organizations: WASHINGTON, Washington Nationals, Republican, Capitol, Republicans, House, eventual, Republican Party in Congress, U.S . Capitol Police, Capitol Police, Committee, Ku Klux Klan, Scalise, Freedom Caucus, Associated Press Locations: American, “, Washington, Scalise, Southern, Virginia, U.S, Louisiana “, people’s, Texas

House Republicans are scheduled to meet behind closed doors Monday evening to try to regain control of their majority ahead of possible speaker votes this week. “House Republicans need to unite and show the country that we’re fighting for them,” Jordan said Sunday on Fox News. While the full House ultimately votes on the new speaker, the position usually falls to a person from the party with the House majority. The rules around the temporary speaker position have been untested before, though they appear to indicate the main power in the role is to ensure the election of a new speaker. But if House Republicans are unable to quickly agree on a speaker, McHenry could be in the position for some time.

Persons: Israel —, Kevin McCarthy, Joe Biden's, it's, McCarthy, Steve Scalise, Jim Jordan —, ” McCarthy, Mike Lawler, Matt Gaetz, Gaetz, Jordan, Donald Trump, Scalise, ” Jordan, McCarthy’s, Patrick McHenry, McHenry, Nancy Pelosi, —, Farnoush Amiri, Stephen Groves Organizations: WASHINGTON, — Republicans, U.S, Republican, Republicans, Capitol, Congress, Rep, Committee, Louisiana Republican, Ku Klux Klan, Trump, Ohio State University, “, Sunday, Fox News, The, North Carolina Republican, Associated Press Locations: Israel, Russia, New York, Jordan, Louisiana, Ohio, R, Washington

Leaders dropped $6 billion in Ukraine aid from the temporary funding measure passed Saturday as they focused on passing it quickly, just hours before the government would have shut down. Supporters of Ukraine aid — including Ukrainian President Volodymyr Zelenskyy, who visited the Capitol to plead for the money in person just two weeks ago — say it’s essential that additional funding is included. He said he would address Ukraine aid soon. But any dealmaking is on hold as House Republicans try to find a new leader. Jordan has made clear his opposition to additional Ukraine aid and reiterated it Wednesday.

Persons: Kevin McCarthy, McCarthy, Volodymyr Zelenskyy, Joe Biden, “, ” Biden, ”, Democratic Sen, Chris Murphy, ” Sen, Joe Manchin, Republicans “, Manchin, Biden, Lindsey Graham, Jim Jordan, Steve Scalise, Kevin Hern, Jordan, ” Jordan, Hern, Scalise, Kelly Armstrong, ” Armstrong, Adam Smith, Michael McCaul, McCaul, “ It’s, ” McCaul, Stephen Groves, Josh Boak, videojournalists Dan Huff, Nathan Ellgren Organizations: WASHINGTON, Republicans, Russia, Capitol, House Democrats, Ukraine, Senate, Democrats, Democratic, ”, Oklahoma Rep, Republican, House Armed Services Committee, Foreign, Associated Press Locations: Ukraine, “, Connecticut, United States, Russia, U.S, Ohio, Jordan, Washington, Texas

Still, many lawmakers acknowledge that winning approval for Ukraine assistance in Congress is growing more difficult as the war between Russia and Ukraine grinds on. Then, on Saturday, House Speaker Kevin McCarthy omitted additional Ukraine aid from a measure to keep the government running until Nov. 17. In the Senate, both Schumer and Senate Republican Leader Mitch McConnell pledged to move quickly to try and pass the full White House request. “Majorities in both parties support Ukraine aid, and doing more is vital for America’s security and for democracy around the world.”Leading up to Saturday's vote, Pentagon officials expressed alarm at the prospect of no extra funding for Ukraine. “Every day that goes by that we don’t get the additional money is a day Russia gets closer to being capable of winning this war,” Murphy said.

Persons: Joe Biden's, Kevin McCarthy, Volodymyr Zelenskyy, Chuck Schumer, “, ” Schumer, McCarthy, ” McCarthy, Schumer, Mitch McConnell, House . Florida Sen, Rick Scott, ”, Scott, Michael McCord, ” McCord, Mike Rogers, that's, you've, ” Rogers, Gregory Meeks, Zelenskyy, ” Meeks, Donald Trump, Biden, Sen, Chris Murphy, Conn, ” Murphy, Jim Risch of, ” Risch, Stephen Groves, Mary Clare Jalonick Organizations: WASHINGTON, Republicans, Senate, White, Russia, Republican, Capitol, Ukrainian, ”, House ., Pentagon, Ukraine, House Armed Services Committee, Rep, House Foreign Affairs, FBI, IRS, Justice Department “, Biden, Senate Foreign Relations, Associated Press Locations: Ukraine, Russia, United States, House, House . Florida, U.S, Jim Risch of Idaho

WASHINGTON (AP) — Democratic Rep. Jamaal Bowman acknowledged triggering a fire alarm Saturday in one of the U.S. Capitol office buildings as lawmakers scrambled to pass a bill to fund the government before the midnight shutdown deadline. The fire alarm sounded out around noon in the Cannon House Office Building and prompted a building-wide evacuation at a time when the House was in session and staffers were working in the building. The GOP-controlled House Administration Committee, which oversees issues pertaining to the Capitol complex, posted a picture of a person pulling the fire alarm who appeared to be Bowman. The funding package was ultimately approved 335-91 on Saturday afternoon, with most Republicans and almost all Democrats — including Bowman — supporting the bill. After the vote, Republicans, including House Speaker Kevin McCarthy, criticized Bowman over the fire alarm.

Persons: Jamaal Bowman, Bowman, “, ”, Bowman —, Kevin McCarthy, ” McCarthy, Hakeem Jeffries, Jeffries, McCarthy, Mike Balsamo, Stephen Groves Organizations: WASHINGTON, — Democratic, U.S, Capitol, Cannon, Capitol Police, GOP, Administration Committee, The New, Democrats, Republicans, Democratic, New, Associated Press Locations: New York

Another source identified Trump Organization employee Yuscil Taveras as the unnamed computer specialist whose fees prosecutors said were paid by Trump's political group. Trump's legal spokesperson Alina Habba, who is also general counsel at Save America, did not respond to detailed questions on the payments. In July, after Save America reported its legal expenses to the Federal Election Commission, Cheung said Save America was helping people who had worked for Trump avoid "financial ruin." Asked how legal spending would affect his campaign, Trump told a SiriusXM podcast earlier this month: "Fortunately, I have a lot more money." Save America and the Trump campaign have not responded to requests for comment on the legal fee estimates.

Persons: Donald Trump, Scott Morgan, Donald Trump's, Brand Woodward, Greenberg Traurig, Trump, Jason Osborne, Trump's, Osborne, Stanley Woodward, Jason Miller, Margo Martin, Dan Scavino, Matt Calamari Jr, Yuscil Taveras, Miller, Martin, Calamari Jr, Walt Nauta, Carlos De Oliveira, Michael Roman, Boris Epshteyn, Taylor Budowich, William Russell, Kash Patel, Brian Jack, Roman, Dhillon, Epshteyn, Jack, Patel, De Oliveira, Russell, Alina Habba, Steven Cheung, Cheung, Stephen Gillers, Jason Lange, Andrew Goudsward, Nathan Layne, Sarah N, Lynch, Karen Freifeld, Ted Hesson, Scott Malone, Deepa Babington Organizations: U.S, Republican, REUTERS, Rights, Reuters, Trump, Save, Federal, Commission, Make, Inc, MAGA Inc, Republican Party, America, Save America, Trump Organization, Scavino, New York University, Thomson Locations: Dubuque , Iowa, U.S, Save America, America's, Georgia, Budowich

☆ Memorial from broken headstones unveiled for desecrated Jewish cemetery in Belarus
▼ + stars: | 2023-09-21 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +8 min

CNN —When a large Jewish cemetery was paved over last century to create a sports ground in Belarus, the headstones were used to make roads and buildings. Brest, also known as Brest-Litovsk, had been a hub of Jewish life before World War II, with Jewish residents first recorded there in the 14th century. Debra Brunner of The Together Plan stands in a warehouse in Brest, surrounded by the broken headstones. The Together PlanThe first stage of the desecration began during the war, when the Nazis tried to destroy the cemetery by selling off the headstones. His whole family other than his nuclear family was murdered.”He added: “In 1997 there were no signs of the cemetery.

Persons: Yad Vashem, Debra Brunner, ”, matzevot, Artur Livshyts, Brunner, ” Brunner, ” Artur Livshyts, Livshyts, Alexander Lukashenko, Stephen Grynberg’s, Jack, Grynberg, Steven Spielberg, ” Grynberg, Dad’s, Brad Goldberg –, Stephen Grynberg, Stephen Grynberg “ I’m, Goldberg, ” Livshyts Organizations: CNN, Litovsk, The, Religious Jewish, Religious Jewish Union of, Shoah Foundation, Hollywood Locations: Belarus, United Kingdom, Brest, Yad, Israel’s, “, Belarusian, Minsk, Ukraine, Los Angeles, Religious Jewish Union, Religious Jewish Union of Belarus, Texas, United States, ”

NEW YORK (AP) — Tenor Stephen Gould, who announced earlier this month that he had been diagnosed with incurable bile duct cancer, has died. Gould's agent Stephanie Ammann confirmed the singer died Tuesday in Virginia. He debuted in Richard Wagner’s “Ring” cycle in Bayreuth in 2006, earning raves during the challenging four-nights of performances. It’s often discovered by accident — for example, through routine blood tests or imaging done for an unrelated reason. He is survived by his sister.

Persons: Stephen Gould, Stephanie Ammann, “, Tristan, Isolde ”, Siegfried, ” Gould, Gould, Richard Wagner’s, ”, “ Siegfried Organizations: Bayreuth, Associated Press, Mayo Locations: Virginia, Germany, “ Götterdämmerung, Bayreuth

"Unless Zelenskiy gets rid of Tatarov, he won't be seen as serious in purging the country of corruption," she told Reuters. "He knew about law enforcement and warned us to be careful about saying almost anything on the phone," Maiboroda told Reuters. The National Anti-Corruption Bureau of Ukraine (NABU) said experts would need to study the material to verify it. "The main thing is that a person is honest," Zelenskiy told reporters several days after Tatarov's appointment. Zelenskiy told Ukrainian television network ICTV in October 2021 that the offshore arrangement was to protect his TV production business from political pressure by the Yanukovych government.

Persons: Oleh Maiboroda, Maiboroda, Oleh Tatarov, Volodymyr Zelenskiy, Tatarov, Maiboroda's, Ukraine's, Zelenskiy, Kyiv pollsters, Oleksii Reznikov, Reznikov, Daria Kaleniuk, Nicola Mirto, Mirto, Viktor Yanukovych, Yanukovich's, Maxym Mykytas, Mykytas, Maiborada, NABU, Yanukovych, –, General Iryna Venediktova, Artem Sytnyk, Sytnyk, didn't, Oleksiy Symonenko, Symonenko, Andriy Yermak, Yermak, Denys, Dmytro Shtanko, Liudmyla, Sergey Shefir, Shefir, Vyacheslav Shapovalov, Yaroslav Zheleznyak, Zheleznyak, Zelensky, Ihor, Kolomoisky, Semen Kryvonos, Kaleniuk, ”, Stephen Grey, Dan Peleschuk, Janet McBride Organizations: Reuters, Ukrbud, Prosecutors, Ukraine's, European Union, International Monetary Fund, Kyiv, Kyiv Independent, Tatarov, Ministry, Interior Ministry, Virgin Islands, ICTV, National Agency for, Ministry of Defence, Kiel Institute, NATO, Thomson Locations: VIENNA, KYIV, Vienna, Ukraine, Tatarov, Russia, Europe, European, Kyiv, Italian, Ukrainian, Soviet Ukraine, Zelenskiy's, Switzerland, Spain, Soviet, United States, Irpin

According to Maiboroda, Mykytas used Tatarov for difficult tasks, including bribe payments on behalf of Ukrbud Development. "He knew about law enforcement and warned us to be careful about saying almost anything on the phone," Maiboroda told Reuters. The National Anti-Corruption Bureau of Ukraine (NABU) said experts would need to study the material to verify it. "The main thing is that a person is honest," Zelenskiy told reporters several days after Tatarov's appointment. Zelenskiy told Ukrainian television network ICTV in October 2021 that the offshore arrangement was to protect his TV production business from political pressure by the Yanukovych government.

Angry, frustrated and unable to lead a fractured and unruly Republican majority, House Speaker Kevin McCarthy on Thursday told the colleagues threatening to oust him: Do it. If you’re going to do it, go ahead and try, McCarthy told the Republicans behind closed doors. “File the f——- motion,” McCarthy said, using a profanity for emphasis, according to those in the private meeting. Led by Republican Rep. Matt Gaetz of Florida, a core group of McCarthy critics is holding the threat of removal over him unless he meets conservative demands. McCarthy told the lawmakers to go home for the weekend — they are not in session Friday for the Jewish holiday — and be prepared to stay in session next week until they get the job done.

Persons: Kevin McCarthy, McCarthy, ” McCarthy, what’s, Donald Trump, Joe Biden, “, Matt Gaetz, Gaetz, Hunter Biden, ” Gaetz, Kevin, ”, Kevin doesn’t, Brian Mast, Marjorie Taylor Greene, Kevin Freking, Stephen Groves Organizations: Republican, Republicans, Freedom Caucus, Trump, Caucus, Press Locations: Florida

☆ Euro, sterling slide versus dollar ahead of U.S. inflation data
▼ + stars: | 2023-09-13 | by ( Joice Alves | ) www.reuters.com time to read: +4 min

The dollar index , which tracks the currency against six peers including yen, euro and sterling, held firm, though moves were subdued, up 0.13% to 104.73, as traders awaited the U.S. consumer price index (CPI) reading for August. The release comes just a week before Federal Reserve officials gather to decide on interest rate policy. The euro fell 0.2% to $1.0731 as markets raised their bets on further ECB rate hikes despite recent data showing the decline in euro zone business activity accelerated faster than initially thought last month. A source told Reuters that the ECB expects inflation in the 20-nation euro zone to remain above 3% next year, bolstering the case for a 10th consecutive interest rate increase on Thursday. YEN RETRACES GAINSThe yen fell as traders further digested comments from Japan's top central banker on a possible early exit from its negative interest rate policy.

Persons: Dado Ruvic, CME's, BoE, Stephen Gallo, Jim Reid, Deutsche Bank . Sterling, YEN RETRACES, Hiroshige Seko, Kazuo Ueda's, Ueda, Joice Alves, Brigid Riley, Alison Williams, Mark Heinrich Our Organizations: REUTERS, Sterling, European Central Bank, Federal Reserve, Federal, ECB, FX, BMO Capital Markets, U.S, CPI, Reuters, Deutsche Bank ., Bank of Japan, Fed, Thomson Locations: U.S, Japan, London, Tokyo

☆ Trudeau's main rival offers affordable government in first convention speech
▼ + stars: | 2023-09-09 | by ( Fergal Smith | ) www.reuters.com time to read: +3 min

Canada's Conservative Party of Canada leader Pierre Poilievre speaks during Question Period in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada April 19, 2023. "A common-sense Conservative government that frees hardworking people to earn powerful paycheques that buy affordable food, gas and homes in safe neighborhoods," Poilievre said at the convention in Quebec City. In Friday's address, Poilievre promised to balance the federal budget if the Conservatives won the next election. An Angus Reid poll on Thursday showed the Conservatives at 39% public support, with the Liberals on 27%. Additonal reporting by David Ljunggren and Steve Scherer in Ottawa; Editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

Persons: Pierre Poilievre, Blair Gable, Justin Trudeau's, Poilievre, Trudeau, Angus Reid, Shachi Kurl, Kurl, it's, Stephen Guilbeault, David Ljunggren, Steve Scherer, Diane Craft Organizations: Canada's Conservative Party of Canada, REUTERS, Conservative Party, Conservative, New Democratic Party, Conservatives, Liberals, Liberal, Federal, Thomson Locations: Ottawa , Ontario, Canada, Quebec City, Ottawa

[1/2] Union workers of Sogo & Seibu hold banners which read 'on strike' in front of the company's flagship Seibu Ikebukuro store in Tokyo, Japan August 31, 2023. In a statement, Fortress said it would work with Seven & i to support Sogo & Seibu's management to maintain its workforce "to the extent possible." It plans to invest more than 20 billion yen with partner Yodobashi to renovate Sogo & Seibu's stores, it said. Sogo & Seibu's workers had the support of labour groups from rival department stores including Takashimaya and Isetan Mitsukoshi (3099.T). The Seibu Ikebukuro store is Japan's third-largest department store by sales, according to media reports, but its owner Sogo & Seibu has been in the red for the last four years.

Persons: Irene Wang, Fortress, Yodobashi, it's, Yasuhiro Teraoka, Isetan Mitsukoshi, Wakana Shuto, Stephen Givens, Ritsuko Shimizu, Mariko Katsumura, Kaori Kaneko, Rocky Swift, Chang, Ran Kim, Edwina Gibbs, Stephen Coates, Miral Organizations: Union, Sogo, Seibu, company's, REUTERS, Workers, Fortress Investment Group, Yodobashi Holdings, Rikkyo, Japan Inc, Thomson, & & ' Locations: Tokyo, Japan, U.S, TOKYO, Ikebukuro, Sogo, Seibu Ikebukuro

[1/2] Union workers of Sogo & Seibu hold banners which read 'on strike' in front of the company's flagship Seibu Ikebukuro store in Tokyo, Japan August 31, 2023. Some 900 workers at the flagship Seibu store in the bustling district of Ikebukuro are protesting the sale of Sogo & Seibu, a unit of retail giant Seven & i (3382.T), to U.S. fund Fortress Investment Group. This one-day strike - the first at a major Japanese department store in 61 years - followed months of negotiations between Sogo & Seibu management and the workers' union, and comes amid a labour shortage in Japan. Other Seibu and Sogo department stores were open for business as usual. The Seibu Ikebukuro store is Japan's third-largest department store by sales, according to media reports, but its owner Sogo & Seibu has been in the red for the last four years.

Persons: Irene Wang, Isetan Mitsukoshi, Wakana Shuto, Stephen Givens, it's, Ritsuko Shimizu, Mariko Katsumura, Kaori Kaneko, Rocky Swift, Chang, Ran Kim, Edwina Gibbs, Stephen Coates, Miral Organizations: Union, Sogo, Seibu, company's, REUTERS, Workers, Fortress Investment Group, Yodobashi Holdings, Rikkyo, Japan Inc, Thomson Locations: Tokyo, Japan, U.S, TOKYO, Ikebukuro, Sogo, Seibu Ikebukuro

☆ Alphabet moonshots are ready for launch
▼ + stars: | 2023-08-29 | by ( Anita Ramaswamy | ) www.reuters.com time to read: +4 min

Alphabet logo and AI Artificial Intelligence words are seen in this illustration taken, May 4, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNEW YORK, Aug 29 (Reuters Breakingviews) - Alphabet (GOOGL.O) is poised to welcome the autumn harvest. Verily boss Stephen Gillett told employees this month that it will cut its ties to several of Alphabet’s services next year. Such a financial services business strays from Alphabet’s wheelhouse, and with artificial intelligence demanding fresh attention, it’s wise to be prudent about capital allocation. Waymo, the autonomous vehicle technology business, secured a vote of approval this month from San Francisco to operate driverless rideshares in the city.

Persons: Dado Ruvic, Ruth Porat, Morgan Stanley, ”, Stephen Gillett, wheelhouse, Chris Hohn’s, Ford, Porat, Verily, Jeffrey Goldfarb, Aditya Sriwatsav Organizations: REUTERS, Reuters, Life Sciences, Wall Street Journal, Temasek, TCI Fund Investments, Google, Sciences, Wall, Thomson Locations: San Francisco

☆ Nikola recalls all battery-electric trucks, halts sales after fire probe
▼ + stars: | 2023-08-12 | by ( Mrinmay Dey | ) www.reuters.com time to read: +2 min

Logo of U.S. truckmaker Nikola is pictured at the IAA Transportation fair in Hanover, Germany, September 19, 2022. The company had said it suspected foul play when it started an investigation in June after trucks at its Phoenix, Arizona, headquarters caught fire. Struggling with supply chain bottlenecks and weaker demand, Nikola decided to make battery electric trucks only to order and focus on hydrogen fuel cell trucks. Nikola on Aug. 4 appointed Chairman Stephen Girsky, a former General Motors executive, as its chief executive, its fourth in four years. On Friday, Nikola asked customers and dealers of its Tre battery electric trucks to take certain immediate safety measures, including considering parking them outside.

Persons: Nikola, Fabian Bimmer, NKLA.O, Stephen Girsky, Shubhendu Deshmukh, Mrinmay Dey, Abhirup Roy, Sandra Maler, William Mallard, Raju Gopalakrishnan Organizations: IAA Transportation, REUTERS, Reuters, General Motors, Thomson Locations: Hanover, Germany, Phoenix , Arizona, Bengaluru, San Francisco

The maker of Tre model electric trucks has decided to make battery electric trucks only to order and focus on hydrogen fuel cell trucks. The company laid off 270 employees in June and liquidated assets of a recently acquired battery maker last month. Nikola forecast third-quarter revenue of $18 million to $28 million, compared with estimates of $34.5 million, according to Visible Alpha. Other electric vehicle (EV) startups also have toiled to ramp up production, meet delivery targets and raise funds as cash reserves dwindled. Separately, Nikola reported a narrower second-quarter loss as lower production of its Tre battery-electric trucks in the April-June period helped keep costs in check.

Persons: Stephen Girsky, Brendan McDermid, Nikola, NKLA.O, Michael Lohscheller, Girsky, Tre, Trevor Milton, Akash Sriram, Abhirup Roy, Will Dunham, Anil D'Silva, Sriraj Kalluvila, David Gregorio Our Organizations: VectolQ, Reuters, of Autonomous Vehicles, REUTERS, U.S, General Motors, Friday's, Nikola, Fisker, Thomson Locations: New York City, U.S, Phoenix, Bengaluru, San Francisco

Nikola's investors on Thursday approved a proposal that will allow the company to issue more shares. The maker of Tre model electric trucks has been trying to pivot to hydrogen fuel cell technology. Nikola forecast third-quarter revenue of $18 million to $28 million, compared with estimates of $34.5 million, according to Visible Alpha. It had cash and cash equivalents of $226.7 million at the end of the second quarter, compared with $441.8 million, a year earlier. The company laid off 270 employees in June and liquidated assets of a recently acquired battery maker last month.

Persons: Stephen Girsky, Brendan McDermid, Nikola, okayed, Michael Lohscheller, Girsky, Tre, Trevor Milton, Akash Sriram, Abhirup Roy, Anil D'Silva, Sriraj Kalluvila, David Gregorio Our Organizations: VectolQ, Reuters, of Autonomous Vehicles, REUTERS, General Motors, Thomson Locations: New York City, U.S, Bengaluru, San Francisco

REUTERS/Brendan McDermid/File photoAug 4 (Reuters) - Nikola (NKLA.O) on Friday named its fourth CEO in as many years as the electric truck maker navigates a host of challenges including dwindling cash reserves, lingering supply chain snags and a pivot to hydrogen fuel cell technology. The Tre battery-electric trucks maker forecast third-quarter revenue of $18 million to $28 million, compared with estimates of $34.5 million, according to Visible Alpha. Nikola's investors approved a proposal that will allow the truck maker to issue more shares to raise funds. Milton stepped down as CEO in 2020 after short-seller Hindenburg issued a scathing report that labeled Nikola a "fraud." Separately, Nikola reported a narrower second-quarter loss as lower production of its Tre battery-electric trucks in the April-June period helped keep costs in check.

Persons: Stephen Girsky, Brendan McDermid, Nikola, Michael Lohscheller, Trevor Milton, Milton, Hindenburg, Romeo Power, Akash Sriram, Anil D'Silva Organizations: VectolQ, Reuters, of Autonomous Vehicles, REUTERS, General Motors, EV, Lordstown Motors, Thomson Locations: New York City, U.S, Phoenix , Arizona, Bengaluru

☆ EV maker Nikola names fourth CEO in as many years
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +1 min

[1/2] Stephen Girsky, Managing Partner for VectolQ, speaks during a Reuters Newsmaker event on the Future of Autonomous Vehicles in New York City, U.S. June 20, 2017. REUTERS/Brendan McDermid/File photoCompanies Nikola Corp FollowAug 4 (Reuters) - Electric truck maker Nikola said on Friday that Michael Lohscheller will step down as chief executive officer less than a year after taking over the job and would be replaced by Stephen Girsky at the end of the month. Girsky, who is currently the company's chairman, will be Nikola's fourth CEO in as many years. Separately, Nikola reported a narrower second-quarter loss as lower production of its Tre battery-electric trucks in the April-June period helped keep costs in check. Reporting by Akash Sriram in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Persons: Stephen Girsky, Brendan McDermid, Nikola, Michael Lohscheller, Lohscheller, Akash Sriram, Anil D'Silva Organizations: VectolQ, Reuters, of Autonomous Vehicles, REUTERS, Nikola, Thomson Locations: New York City, U.S, Phoenix , Arizona, Europe, Bengaluru

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