(Reuters) -Shares of FTAI Aviation plummeted more than 30% on Tuesday after the U.S. aircraft lessor announced that its audit committee would investigate claims of financial irregularities made by short-seller Muddy Waters Research. “Although the review will take longer than some may like, it is the most thorough way to clear the accounting allegations and […]
Exclusive-US to release clean fuel tax credit model that limits ethanol producers’ credit access, sources say
By Jarrett Renshaw and Stephanie Kelly NEW YORK (Reuters) -The U.S. is expected to release by next week a climate model for clean fuel tax credits that will sharply reduce the ability of ethanol producers to access subsidies for production of sustainable aviation fuel, three sources familiar with the matter told Reuters. The exclusion […]
Trump Organization in talks to repurchase Washington DC hotel lease, WSJ reports
(Reuters) – President-elect Donald Trump’s company is in negotiations to repurchase the lease on a hotel in Washington D.C. it used to own, the Wall Street Journal reported on Friday, citing people familiar with the matter. The Trump Organization had sold the lease on the hotel, which is blocks away from the White House in […]
US hits former Israeli military sergeant with visa restrictions
WASHINGTON (Reuters) – The U.S. has imposed visa restrictions against a former Israeli military sergeant for his alleged involvement in gross violations of human rights in the occupied West Bank, including an extrajudicial killing, the State Department said on Wednesday. As a result of the restrictions, Sergeant Elor Azaria “and any immediate family members are […]
Factbox-Key issues discussed by Blinken in talks with Chinese leaders
BEIJING (Reuters) – U.S. Secretary of State Antony Blinken met his Chinese counterpart Wang Yi and Chinese leader Xi Jinping in Beijing on Friday in the latest high-level contacts between the superpowers aimed at keeping tense relations under control. The visit brought little progress on contentious issues, including China’s support for Russia in Ukraine, tensions […]
Biden rule grants overtime pay to 4 million US workers
By Daniel Wiessner (Reuters) -The administration of U.S. President Joe Biden on Tuesday unveiled a rule extending mandatory overtime pay to an estimated 4 million salaried workers, going even further than an Obama-era rule that was struck down in court. The U.S. Department of Labor rule will require employers to pay overtime premiums to workers […]
Republican operatives to pay $1.25 million for robocalls threatening Black voters, NY prosecutor says
By Doina Chiacu WASHINGTON (Reuters) -Two conservative operatives who launched a robocall campaign designed to prevent Black New Yorkers from voting by mail in the 2020 U.S. election will pay $1.25 million in a settlement, New York state Attorney General Letitia James said on Tuesday. Jacob Wohl and Jack Burkman were found liable by a […]