IBT Staff Reporter

A significantly weaker than expected business outlook by memory-chip firm Micron Technology Inc on Thursday raised concern that following nearly two years of strong demand the industry was turning toward a down cycle.

Xi hails China's rule over Hong Kong at handover anniversary

Aerojet Rocketdyne shareholders on Thursday elected the eight-person board slate headed by Chief Executive Officer Eileen Drake, the company said in a statement, ending one of the most bitterly fought proxy contests of the year.

The suspected driver of a truck packed with dozens of migrants who died in blazing heat during a Texas smuggling attempt was allegedly under the influence of methamphetamine when police encountered him, a U.S.

Some days at the office are bit of a grind, even if in Rafa Nadal's case his place of work on Thursday was Wimbledon's sunny but chilly Centre Court for a match against Ricardas Berankis.

French President Emmanuel Macron said on Thursday a legal framework was needed to stop deep-sea mining from going ahead and urged countries to put their money on science to better understand and protect the world's oceans.

General Motors (GM) said on Friday it had called off the sale of a shuttered Indian plant to China's Great Wall Motor after they failed to obtain regulatory approvals, amid a tougher stance by New Delhi towards investments from Beijing.

Bulgaria's outgoing prime minister on Thursday called on Russia to withdraw a diplomatic ultimatum sent after Sofia expelled 70 Russian diplomatic staff which included a threat to close Russia's embassy in the Balkan nation.

Facebook-owner Meta Platforms Inc has cut plans to hire engineers by at least 30% this year, CEO Mark Zuckerberg told employees on Thursday, as he warned them to brace for a deep economic downturn.

Facebook-owner Meta Platforms Inc is bracing for a leaner second half of the year, as it copes with macroeconomic pressures and data privacy hits to its ads business, according to an internal memo seen by Reuters on Thursday.

Senior Western officials voiced doubts about reviving the 2015 Iran nuclear deal on Thursday, with the European Union saying it "might not make it over the finishing line" and a U.S.

Major Western powers wrung their hands on Thursday at American and Iranian diplomats' failure to revive a 2015 nuclear deal

The U.S. Justice Department said it has opened a probe into a division of the New York City Police Department looking at whether it engages in gender-biased policing, including how it handles investigations of sexual assault and treatment of survivors.

The U.S. Supreme Court on Thursday declined to hear American Axle & Manufacturing Inc's bid to revive its patent on technology for quieting driveshaft noise, turning away a case that may have clarified the circumstances under which inventions warrant a patent.

NBCUniversal said on Thursday it completed the highest-grossing upfront advertising sales period since its acquisition by Comcast Corp with commitments exceeding $7 billion, according to a source with knowledge of the matter.

Canada's Supreme Court upheld expansions to the country's rape shield laws added four years ago to further prevent a sexual assault complainant's sexual past from being used against them in a trial.

The United States on Thursday took enforcement action imposing restrictions against Delaware-based Heritage Trust on the grounds that sanctioned Russian oligarch Suleiman Kerimov holds a property interest, the Treasury Department said.

World number one Iga Swiatek struggled with unforced errors but found her composure when it mattered most to see off Dutch lucky loser Lesley Pattinama Kerkhove 6-4 4-6 6-3 to reach the third round at Wimbledon and extend her winning run to 37 matches.

Ralph "Sonny" Barger, the Hells Angels motorcycle club leader who became the rough-hewn face of America's outlaw biker culture and the restlessness, hard living and criminality that came with it, has died, according to an announcement on his Facebook page.

Russia said on Thursday it had summoned the British ambassador to voice a strong protest against "offensive" British statements, including about alleged Russian threats to use nuclear weapons.

People have been walking into Paul Centenari's cardboard box factory outside Baltimore asking for jobs, something he has not seen in over a year.

The family of Emmett Till has unearthed a nearly 67-year-old arrest warrant for the white woman whose discredited accusations against the Black teenager led to his lynching, a brutal death that helped ignite the civil rights movement.

New U.S. data for May showed little immediate relief from the record pace of inflation pushing the Federal Reserve toward another oversized interest rate increase next month, but it did add to a developing sense that the worst may be over.

A Supreme Court ruling on Thursday limiting Washington's authority to reduce carbon output from power plants will hurt global efforts to fight climate change by slowing America's emissions cuts and undermining U.S.

A federal grand jury in South Carolina indicted five people on charges of wildlife trafficking and money laundering, including Doc Antle, who starred in the 2020 Netflix series "Tiger King," the U.S.

US Supreme Court limits government powers to curb greenhouse gases

Tesla Inc is expected to end its nearly two-year-long run of record quarterly deliveries as a prolonged COVID-related shutdown in Shanghai hit its production and supply chain, highlighting the risks of its reliance on China.

Shell said on Thursday it had suspended plans to sell its onshore oil assets in Nigeria, complying with a Supreme Court ruling that said it had to wait for the outcome of an appeal over a 2019 oil spill.

Summer cookouts are getting more expensive ahead of the U.S. Independence Day holiday, forcing Americans to make tough decisions about how they celebrate.