Town Hall News

WASHINGTON (Reuters) – Illumina Inc filed an appeal late on Monday against an order by the U.S. Federal Trade Commission, which is demanding that the company divest cancer diagnostic test maker Grail Inc because of concern that its ownership would stifle competition in the U.S. market for cancer tests. (Reporting by Diane Bartz and Mrinmay Dey; Editing by Jacqueline Wong) Brought to you by www.srnnews.com

TAIPEI (Reuters) – Taiwanese chipmaker TSMC said on Tuesday it expects its performance to be better in the second half of the year than the first. First half revenue is expected to drop 10% year-on-year in U.S. dollar terms, CEO C.C. Wei told the company’s annual shareholders meeting. (Reporting by Faith Hung and Ben Blanchard; Editing by Jacqueline Wong) Brought to you by www.srnnews.com

WASHINGTON (Reuters) – Robert Hanssen, the former FBI agent turned spy whom the bureau describes as the most damaging in its history, was found dead in his prison cell on Monday, U.S. authorities said. Hanssen, 79, was sentenced in 2002 to life in prison after pleading guilty to spying for the Soviet Union and later Russia for over 20 years. Prison staff initiated life-saving measures after finding Hanssen unresponsive on […]

By Katherine Masters NEW YORK (Reuters) – Stocking shelves with low-priced notebooks and slashing prices on sneakers and uniforms, major retailers including Walmart, Foot Locker and Marks & Spencer are preparing for a challenging back-to-school shopping season this year. U.S. shoppers’ spending in the summer ahead of the college and K-12 school year has grown steadily since 2015, according to the National Retail Federation, a trade group. NRF hasn’t yet […]

By Andrea Shalal and Daphne Psaledakis WASHINGTON (Reuters) – The White House said on Monday recent dangerous encounters between U.S. and Chinese forces in the Taiwan Strait and South China Sea reflect a growing aggressiveness by Beijing’s military that raises the risk of an error in which “somebody gets hurt.” Washington’s sharply worded warning followed the U.S. Navy’s release on Sunday of a video of what it called an “unsafe […]

By Laurie Chen and Ryan Woo BEIJING (Reuters) – Meetings between senior U.S. and Chinese officials in China this week struck an upbeat chord, with both sides agreeing to maintain communication lines, even as Beijing remains leery of more “provocative” U.S. moves and open clashes are still a risk. Statements from Washington and Beijing on meetings between Daniel Kritenbrink, assistant secretary of state for East Asian and Pacific Affairs, and […]

By Katherine Masters NEW YORK (Reuters) – Stocking shelves with low-priced notebooks and slashing prices on sneakers and uniforms, major retailers including Walmart, Foot Locker and Marks & Spencer are preparing for a challenging back-to-school shopping season this year. U.S. shoppers’ spending in the summer ahead of the college and K-12 school year has grown steadily since 2015, according to the National Retail Federation, a trade group. NRF hasn’t yet […]

(Reuters) – One of the most notable happenings at Apple’s event for developers on Monday is likely the iPhone maker’s tweak that will keep its autocorrect feature from annoyingly correcting one of the most common expletives to “ducking.” “In those moments where you just want to type a ducking word, well, the keyboard will learn it, too,” said Craig Federighi, Apple’s software chief. The iPhone keyboard autocorrect feature has always […]

By Arathy Somasekhar (Reuters) – Oil prices edged lower on Tuesday, giving up most of the prior session’s gains that followed an announcement by the world’s top exporter, Saudi Arabia, that it would further cut output. Brent crude futures were down 23 cents, or 0.3%, at $76.48 a barrel at 0020 GMT. The U.S. West Texas Intermediate crude eased 25 cents, or 0.4%, to $71.90 a barrel. Brent had gained […]