(Reuters) -Abbott Laboratories has stopped production of the EleCare specialty baby formula at its plant in southwestern Michigan after thunderstorms and heavy rains flooded parts of the facility. The pause announced on Wednesday marked the latest setb…
Tributes pour in for British reporter Dom Phillips, presumed killed in Amazon
By Anthony Boadle and Brendan O’Boyle BRASILIA (Reuters) -Indigenous groups, environmentalists, fellow reporters and family and friends paid tribute on Thursday to British journalist Dom Phillips and Brazilian isolated tribes expert Bruno Pereira who d…
Wealthy father acquitted in final U.S. college admissions scandal trial
By Nate Raymond BOSTON (Reuters) -A wealthy father on Thursday was acquitted of charges that he bribed a Georgetown University tennis coach to secure a spot for his daughter at the elite school in the final case linked to the U.S. college admissions sc…
Wall St ends up but still down on week as volatility rules
By Chuck Mikolajczak (Reuters) – U.S. stocks closed with a modest bounce on Friday but still suffered the biggest weekly percentage decline in months as investors wrestled with the growing likelihood of a recession as global central banks tried to stam…
SpaceX employees denounce CEO Musk as “distraction” – letter
By Joey Roulette Orlando, Fla. (Reuters) – A group of SpaceX employees derided flamboyant billionaire Chief Executive Officer Elon Musk as a “distraction and embarrassment” in an internal letter to executives. Musk, also head of electric automaker Tesl…
Trump was told Pence could not overturn election but still pressured him, panel hears
By Patricia Zengerle and Richard Cowan WASHINGTON (Reuters) – Former President Donald Trump pressured his vice president, Mike Pence, to overturn his 2020 election defeat despite being told repeatedly Pence had no authority to do so, aides to Pence tol…
Russian gas flows to Europe fall, hindering bid to refill stores
By Nina Chestney LONDON (Reuters) -Russian gas supply to Europe via the Nord Stream 1 pipeline fell further on Thursday and Moscow said more delays in repairs could lead to suspending all flows, putting a brake on Europe’s race to refill its gas invent…
EU leaders visit Ukraine in show of support after criticism
By Natalia Zinets KYIV (Reuters) -The leaders of Germany, France and Italy – all criticised in the past by Kyiv for support viewed as too cautious – made a joint visit on Thursday to show solidarity with Ukraine, where officials pleaded for more Wester…
Michael Avenatti pleads guilty to fraud, obstruction charges
SANTA ANA, Calif. (Reuters) -Michael Avenatti, the twice-convicted lawyer known for taking on then-U.S. President Donald Trump, on Thursday pleaded guilty to five additional criminal charges, including defrauding clients and obstructing the Internal Re…
Stocks rally, Treasury yields rise after Fed lifts rates by 75 bps
By Koh Gui Qing NEW YORK (Reuters) -U.S. stocks extended their rally on Wednesday in volatile trade and Treasury yields rose after the Federal Reserve raised interest rates by three-fourths of a percentage point, the biggest increase since 1994, as it …