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BREAKING NEWS: A federal appeals court rules 2-1 that subsidies that helped people buy insurance at healthcare.gov are illegal.

WASHINGTON (Reuters) - A U.S. appeals court on Tuesday threw out a federal regulation that implements key subsidies that are vital to President Barack Obama's healthcare overhaul. The U.S. Court of Appeals for the District of Columbia Circuit accepted one of the main legal challenges to the policy by conservatives opposed to an expansion of the federal government. A three-judge panel returned the case to a lower court with instructions to rule in favor of appellants who had sued to overturn t...

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Ferrari name Allison as technical director

(Reuters) - Ferrari have appointed James Allison as their technical director from September 1, the Italian Formula One team said in a statement on Monday.

Pat Fry will assume a new position as director of engineering and both men will report to team principal Stefano Domenicali.

Allison, who worked closely with German driver Michael Schumacher in a previous stint with Ferrari, left his last job as Lotus technical director in May.

(Reporting by Ed Osmond, editing by Justin Palmer)

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