U.S. tries to salvage ex-Jefferies trader’s fraud conviction
NEW YORK (Reuters) – The U.S. government has urged a federal appeals court not to throw out a former Jefferies Group Inc managing director’s conviction for defrauding mortgage bond investors after the financial crisis, which the court had warned it mig…
CSX oil train still on fire after West Virginia derailment
NEW YORK (Reuters) – Tank cars from a derailed oil train were still on fire in West Virginia on Wednesday, two days after an explosive accident in which 25 cars went off the rails, a CSX Corp spokeswoman said.
U.S. refinery strike enters 18th day as talks restart
HOUSTON (Reuters) – The largest U.S refinery workers strike since 1980 entered its 18th day on Wednesday as union and oil company representatives prepared to renew face-to-face negotiations over pay and safety, after a week’s hiatus.
Lockheed says technology investments cut cost of F-35 jets
WASHINGTON (Reuters) – Lockheed Martin Corp said a series of manufacturing changes and technology investments were already driving down the cost of the F-35 fighter jet, and the savings were set to triple in the ninth batch of jets to be produced.
Carnegie Mellon University wrongly tells 800 applicants they got in
(Reuters) – Carnegie Mellon University mistakenly informed about 800 applicants that they had won a place in one of the school’s prestigious computer science programs before retracting the acceptance letters, the school said.
Lockheed cites issue with F-35 software, no delay in Marine target combat use
WASHINGTON (Reuters) – Lockheed Martin Corp may need to update the 2B software needed for the F-35 fighter jet to deal with issues that arose during testing, but that should not delay the Marine Corp’s plan to declare the jet ready for combat use in Ju…
Texas judge’s immigration rebuke may be hard to challenge
NEW YORK (Reuters) – President Barack Obama’s administration faces a difficult and possibly lengthy legal battle to overturn a Texas court ruling that blocked his landmark immigration overhaul, since the judge based his decision on an obscure and unset…
Tennessee man charged with fraud for fake Newtown charity
MILFORD, Conn. (Reuters) – A Tennessee man who U.S. prosecutors contend set up a fraudulent charity tied to the 2012 massacre at a Newtown, Connecticut, elementary school will face wire-fraud charges, federal officials said.
Philadelphia could get first new charter schools in seven years
PHILADELPHIA (Reuters) – Philadelphia’s financially distressed school district, one of the country’s biggest battlegrounds over the expansion of charter schools, will learn on Wednesday whether new charter schools will be approved for the first time in…
Owner of cabin razed during manhunt of ex-cop to get $200,000: newspaper
(Reuters) – The owner of a mountain cabin razed during a deadly standoff involving a fugitive former Los Angeles police officer will be paid $200,000, the San Bernardino County Sun newspaper reported on Tuesday.
