WASHINGTON, Nov 20 (Reuters) - The Federal Aviation Administration said on Thursday it wants to adopt a new comprehensive system to overhaul how air traffic controllers receive flight data and move aircraft between facilities. Congress in July approved a $12.5 billion plan to overhaul the nation's aging air traffic control system, and boost controller hiring following decades of complaints over...

WILMINGTON, Delaware (Reuters) -Investment firms holding millions of shares of footwear giant Skechers are suing for a better deal than the $63 per share price paid by 3G Capital to take over the company in a $9.4 billion deal, according to court records. Hedge funds including affiliates of AQR Capital Management have filed suits against the company in Delaware's Court...

Nov 20 (Reuters) - Warner Bros Discovery ( WBD ) has received preliminary bids for the media company from Paramount Skydance ( PSKY ), Comcast ( CMCSA ) and Netflix ( NFLX ), according to a source familiar with the matter. The bids represent the first step in the possible sale of all or part of the century-old Hollywood studio,...

(Reuters) -The U.S. Justice Department has charged four people in a scheme to illegally export Nvidia AI chips to China, prompting a key House Republican to call for urgent passage of a chip-tracking bill on Thursday. China recognizes the superiority of American AI innovation and will do whatever it must to catch up, said John Moolenaar, the chair of the...