Author: Reuters
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Israel pounds Beirut suburbs after Hezbollah fires rockets
BEIRUT/NAZARETH — Israeli strikes battered Beirut’s southern suburbs late on Wednesday, lighting up the city’s skyline with flashes of red and setting buildings in the area aflame after Lebanese armed group Hezbollah launched a volley of rockets into northern Israel. Israel launched an offensive against Iran-backed Hezbollah after it opened fire on March 2 to…
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Airport security lines worsen as screeners about to miss paycheck
WASHINGTON/HOUSTON — Rising absences among airport screeners on Monday led to a second straight day of longer-than-normal security lines, sparking worries from airlines as the busy spring break travel period ramps up. Houston Hobby Airport reported wait times averaging 3 hours at standard checkpoints. Longer-than-usual lines were reported over the last two days at several…
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Trump seeks to revive executive orders targeting law firms
Reuters WASHINGTON • President Donald Trump’s administration asked a federal appeals court on Friday to revive his executive orders that sought to punish four major U.S. law firms, arguing that federal judges overstepped their authority by blocking directives that rest within core presidential powers. The Justice Department told the U.S. Court of Appeals for the…
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War with Iran sends shockwaves through global business
MILAN – The U.S.-Israeli war with Iran is rattling businesses worldwide, driving up energy prices, squeezing supplies of critical raw materials and raising questions about the reliability of trade routes critical to the flow of goods from food to car parts. The widening conflict has choked major air and sea transport corridors through the Middle…
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Pentagon identifies first U.S. soldiers killed in Iran war
WASHINGTON • The U.S. military on Tuesday identified four of the first American soldiers killed in the war against Iran as the Trump administration warned the intensifying conflict would lead to more American casualties. Among six U.S. military deaths so far, the four soldiers were members of an Iowa unit of the U.S. Army Reserve.…
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Netflix surges as investors cheer decision to exit Warner Bros race
Netflix jumped more than 10% on Friday as investors applauded its decision to exit the race for Warner Bros Discovery, a months-long bidding war with Paramount Skydance for some of Hollywood’s most prized assets. Netflix declined to match Paramount’s latest $31 per share bid or raise its offer of $27.75 a share for Warner Bros’s…
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California now the biggest obstacle to Paramount’s Warner Bros takeover
California has a lot to lose if Paramount Skydance buys Warner Bros Discovery and could stand in the way of a deal, while Paramount’s deep political connections to the Trump administration are expected to smooth the path to federal regulatory approval. State Attorney General Rob Bonta said on Thursday that California is already investigating the…
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Clinton tells panel she knows nothing on Epstein
Former Secretary of State Hillary Clinton told a congressional committee on Thursday that she did not remember ever meeting the late sex offender Jeffrey Epstein and had no information to share about his criminal activities. “I do not recall ever encountering Mr. Epstein. I never flew on his plane or visited his island, homes or…
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Warner Bros’ TV earnings decline puts pressure on Netflix deal
Warner Bros Discovery heaped an additional burden on Netflix’s $82.7 billion bid for the movie studio and HBO. The entertainment company behind the buzzy series “Heated Rivalry” and the film “Wuthering Heights” reported fourth-quarter earnings Thursday that showed profit at its cable channels is deteriorating at a fast pace. The networks, which include CNN, the…
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Odds of another Fed rate cuts slide with bullish outlook
WASHINGTON – Federal Reserve chair nominee Kevin Warsh’s path to out-of-the-gate interest rate cuts in alignment with President Donald Trump’s expectations could be narrowing amid emerging bullishness about the U.S. economy, growing CEO confidence in the outlook, and investors keying off a hawkish shift among the central bank’s policymakers. The International Monetary Fund said on…