Feb 11 (Reuters) - The parent company of Southern California Edison has been sued for allegedly defrauding shareholders before the recent Los Angeles-area wildfires by assuring them it could shut down power lines to reduce the risk of catastrophic damage. Tuesday's proposed class action against Edison International ( EIX ) appeared to be the first shareholder lawsuit stemming from the...

(Reuters) - The number of vessels that passed through the Panama Canal, the world's second busiest waterway, fell to an average of 32.6 per day for a total of 1,011 ships in January, the first month-on-month decline in almost a year, according to a bulletin published on Tuesday by the canal's administrating authority. Following a severe drought between late 2023...

SYDNEY, Feb 12 (Reuters) - The Australian government said on Wednesday it was open to acquiring collapsed airline Regional Express Holdings to ensure its regional services continue, in what would be the first state ownership of a carrier in the country in three decades. Rex entered voluntary administration last July, cutting hundreds of jobs and grounding its Boeing 737 flights...

(Reuters) - Super Micro Computer said on Tuesday it believes it will be able to file delayed annual and quarterly reports with the U.S. Securities and Exchange Commission (SEC) by February 25, sending its shares up over 8% after the bell.  The server maker said it had received subpoenas from the U.S. Department of Justice and the SEC seeking certain...