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By Allison Lampert (Reuters) -Spirit AeroSystems’ chief engineer Sean Black will lead the supplier’s site in Wichita, Kansas, after Boeing completes its acquisition of Spirit this year, according to letters to employees on Tuesday from both companies. U.S. planemaker Boeing last year said it had reached an agreement to acquire the struggling aerostructures manufacturer, which it had spun off two decades ago. The deal is expected to close sometime this year. Black will become general … Read more…

By Dietrich Knauth NEW YORK (Reuters) -A federal judge ordered U.S. President Donald Trump’s administration on Tuesday to halt its efforts to shut down government-funded radio broadcasts of Voice of America, Radio Free Asia and Middle East Broadcasting Networks. U.S. District Judge Royce Lamberth, who is overseeing six lawsuits from employees and contractors affected by the shutdown of U.S. Agency for Global Media, ordered the Trump administration to “take all necessary steps” to restore employees … Read more…

By Carolina Mandl NEW YORK (Reuters) -Global hedge funds last week dumped the so-called Magnificent Seven megacap stocks, bringing their exposure to the group to a two-year low just ahead of their earnings, according to a Morgan Stanley note to clients seen by Reuters. The bank said the Magnificent Seven stocks accounted for more than 60% of the total dollar amount sold by hedge funds between Monday and Wednesday last week, indicating portfolio managers are … Read more…

By Mike Scarcella (Reuters) -Elon Musk’s electric vehicle company Tesla has agreed to settle a wrongful death lawsuit filed by the estate of a man who was killed in 2021 after his Tesla crashed and caught fire near Dayton, Ohio. Tesla and lawyers for the estate disclosed the settlement in a filing on Monday in federal court in San Francisco but did not reveal its terms. The carmaker and its lawyers did not immediately respond … Read more…

WASHINGTON (Reuters) – The acting commissioner of the U.S. Internal Revenue Service is being replaced after Treasury Secretary Scott Bessent complained to President Donald Trump that the latest leader of the agency had been installed without his knowledge and at the behest of billionaire Elon Musk, the New York Times reported on Friday. The report cited five people with knowledge of the change and the discussions that precipitated it. Bessent believed that Musk had done … Read more…