Reuters USA

US strikes Houthi anti-ship missiles, shipping disruptions grow

By Trevor Hunnicutt, Steve Holland and Krishn Kaushik ABOARD AIR FORCE ONE/WASHINGTON/NEW DELHI (Reuters) -The U.S. launched new strikes against Houthi anti-ship missiles aimed at the Red Sea on Thursday, as growing tensions in the region’s sea lanes disrupted global trade and raised fears of supply bottlenecks that could reignite inflation. The two anti-ship missiles …

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US bank profits shrink on higher deposit costs, one-time charges

By Manya Saini, Niket Nishant and Lananh Nguyen (Reuters) -Several U.S. banks reported a plunge in fourth-quarter profits on Thursday, hurt by a drop in interest income and charges tied to replenishing a deposit insurance fund. Higher payouts on deposits to retain customers from chasing high-yielding alternatives have resulted in an industry-wide contraction in net …

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US Minuteman III missile replacement breaks $96 billion budget, triggers Pentagon review

By Mike Stone WASHINGTON (Reuters) – The replacement for the ground-based U.S. nuclear arsenal anchored by the Minuteman III has officially busted through its $95.8 billion budget due to the COVID-19 pandemic and inflation, the Air Force said on Thursday. The Air Force is notifying Congress that the program, being designed and managed by Northrop …

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Citigroup lays off more bosses as CEO Fraser addresses managing directors -sources

By Tatiana Bautzer NEW YORK (Reuters) – Citigroup CEO Jane Fraser held a conference call on Thursday with managing directors to discuss the bank’s sweeping overhaul, according to two sources familiar with the situation, as it eliminated more leadership roles this week. In separate conversations, managers in markets, risk and investment banking were informed they …

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Florida public university system to vote on defunding diversity programs

(Reuters) – Florida’s public university system will decide next Wednesday whether to ban diversity spending and remove sociology classes as a way to fulfill social-science course requirements, a week after the state education board approved the measures for public colleges. The new rules, which easily passed in a Florida Board of Education meeting on Wednesday, …

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Spirit Airlines looking to refinance its debt, not considering restructuring -source

By Rajesh Kumar Singh (Reuters) -Spirit Airlines is looking at options to refinance its debt and is not considering restructuring, a person familiar with the matter told Reuters on Thursday. The company’s shares have been falling since Tuesday on investor concerns about its financial future after a U.S. judge blocked its $3.8 billion merger with …

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US Senator Grassley released from hospital, expects to return to work next week

WASHINGTON (Reuters) – U.S. Republican Senator Chuck Grassley, the most senior member of the Senate, has been discharged from hospital and expects to be back to work next week, his office said in a statement on Thursday. On Tuesday, his office said Grassley, 90, was receiving antibiotic infusions at the hospital to treat an infection. …

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Spelman College receives $100 million gift, a record for historically Black schools

By Daniel Trotta (Reuters) – Atlanta’s Spelman College has received a $100 million gift from one of the school’s trustees and her husband, in what Spelman called the largest single donation ever given to a historically Black college or university. The gift from trustee Ronda Stryker, a businesswoman and philanthropist, and her husband, William Johnston, …

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Trump urges US Supreme Court to reverse Colorado ballot disqualification

By Andrew Chung and John Kruzel WASHINGTON (Reuters) – Donald Trump’s lawyers urged the U.S. Supreme Court on Thursday to reverse a judicial decision disqualifying the former president from Colorado’s Republican primary ballot as the justices prepare to tackle the politically explosive case. Trump’s lawyers in court papers presented the former U.S. president’s main arguments …

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