News

Wealthy litigants put faith in English legal system to pursue multimillion-pound cases

* Lobbyists say Democrats may support further securities rule changes

VOLCANO, Hawaii, May 23 (Reuters) - The restive Kilauea Volcano belched clouds of ash into the skies over Hawaii's Big Island twice more on Wednesday as civil defense authorities reported that pressurized geothermal wells at a nearby power plant had been secured from approaching lava.

BOSTON/NEW YORK, May 23 (Reuters) - Jana Partners said on Wednesday it was not invested in Casey's General Stores Inc after speculation that the hedge fund had built a stake in the company helped push its stock price up more than 9 percent in afternoon trading.

WASHINGTON, May 23 (Reuters) - Europe and the United States remain "far from a compromise" over Washington's position on the 2015 Iran nuclear accord, German Foreign Minister Heiko Maas said on Wednesday after meeting with U.S. Secretary of State Mike Pompeo.

Engineering services group to enter race for building up to three huge ships

WASHINGTON, May 23 (Reuters) - The Federal Reserve will consider a proposal to modify the "Volcker Rule" banning proprietary trading by banks at a May 30 meeting of its board, the central bank announced on Wednesday.

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NEW YORK, May 23 (Reuters) - The dollar held near a more than five-month high against a basket of currencies on Wednesday, after minutes of the Federal Reserve's May policy meeting showed most policymakers thought it likely another interest rate increase would be warranted "soon" if the U.S. economic outlook...

SAN FRANCISCO, May 23 (Reuters) - Uber cut its losses almost in half and its ride bookings jumped 51 percent since one year ago, the Silicon Valley ride-services firm said on Wednesday, showing that months of scandal and retreating from overseas markets has not slowed its business.