Reuters USA - Squid Business

US awards nearly $1 billion to airports in infrastructure grants

By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration said Monday it is awarding nearly $1 billion to 99 U.S. airport terminal projects under a 2021 $1 trillion infrastructure law. The awards include $10.8 million to Des Moines International Airport in Iowa to replace the 1948 terminal that is operating above capacity and $29 million …

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Australia retail sales rebound in Jan, but pulse slows

By Wayne Cole SYDNEY (Reuters) -Australian retail sales rebounded in January after a surprise plunge in December that owed much to changing spending habits, though the underlining pulse was facing headwinds from high inflation and rising interest rates. Data from the Australian Bureau of Statistics (ABS) on Tuesday showed retail sales rose 1.9% in January …

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China must be ‘more honest’ on COVID origins, envoy says

By Michael Martina and David Brunnstrom WASHINGTON/BEIJING (Reuters) -China must be more honest about the origins of the COVID-19 pandemic, the U.S. ambassador to China said on Monday, after reports that the U.S. Energy Department concluded the pandemic likely arose from a Chinese laboratory leak. Nicholas Burns, speaking by video link at a U.S. Chamber …

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U.S. requests extradition of Ovidio Guzman, son of ‘El Chapo’, from Mexico -sources

By Lizbeth Diaz MEXICO CITY (Reuters) -The United States asked Mexico’s government to extradite Ovidio Guzman, son of jailed drug boss Joaquin “El Chapo” Guzman, so that he can face criminal charges in a U.S. court, two Mexican government sources told Reuters on Monday. Mexican security forces arrested the younger Guzman, wanted on drug trafficking …

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Lockheed’s HIMARS plant gearing up to meet demand after Ukraine success

By Mike Stone CAMDEN, Arkansas (Reuters) – Lockheed Martin’s mobile rocket launcher plant in Camden, Arkansas is gearing up to boost production of the HIMARS system after its success on the battlefield in Ukraine drove up demand from other nations, executives said on Monday. The High Mobility Artillery Rocket System (HIMARS) is now a widely …

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Stocks close slightly up after prior week’s selloff

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks eked out a slight gain on Monday as investors engaged in some bargain hunting after last week’s losses, the biggest percentage declines of 2023 for Wall Street’s main benchmarks, as jitters persisted about coming interest rate hikes to tame stubbornly high inflation. All three main stock …

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Ohio residents, Norfolk Southern strike a deal on crash evidence

By Clark Mindock (Reuters) -Ohio residents suing Norfolk Southern Corp will get an extra day to inspect rail cars that spilled a toxic chemical during a train derailment this month before the company clears the crash site, according to a deal struck by the parties Monday. Attorneys for the residents and Norfolk Southern told U.S. …

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U.S. needs to learn all of Black history, Biden says, as some Republicans push curbs

By Nandita Bose WASHINGTON (Reuters) – President Joe Biden on Monday praised the contribution of African Americans in the United States at an event to celebrate “Black History Month,” something presidents from both parties have done for decades. “History matters and Black history matters,” Biden said to an audience of Black Congress members and government …

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Jury in Murdaugh South Carolina murder trial to visit scene of crime

By Nathan Layne (Reuters) -Jurors in the murder trial of disbarred South Carolina lawyer Richard “Alex” Murdaugh will visit the family estate where prosecutors said he gunned down his wife and youngest son, the judge ruled on Monday. Murdaugh’s lawyer Dick Harpootlian asked Judge Clifton Newman to allow the jurors to visit the crime scene …

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U.S. Senate Leader Schumer: Norfolk Southern chief should testify on Ohio train wreck

WASHINGTON (Reuters) – U.S. Senate Democratic Leader Chuck Schumer on Monday called for Norfolk Southern Railway Chief Executive Alan Shaw to testify to Congress on “what went wrong” in the Feb. 3 train derailment in East Palestine in northeastern Ohio, that resulted in the spill of dangerous chemicals. The accident ignited a fire and spewed …

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