Town Hall News

By Alan Baldwin (Reuters) – Max Verstappen took his first grand prix win at Barcelona’s Circuit de Catalunya with 33 on his car in 2016 and the same number will be a focus for Fernando Alonso fans when the Spaniard returns to the scene of his last victory. “Mission 33” — the long-awaited 33rd career win — has been a rallying cry for fans of the 41-year-old Spaniard, now enjoying […]

By Mike Scarcella (Reuters) – Healthcare company Abbott Laboratories on Tuesday sued one of its former scientists, accusing him in U.S. court of “secretly downloading” sensitive corporate files containing competitive information about nutrition products. The lawsuit in Chicago federal court alleged Roger Tyre committed “flagrant misconduct” prior to leaving Illinois-based Abbott, which sells the Ensure brand nutrition powders and shakes. Abbott said it learned of the alleged downloads of thousands […]

By Mike Scarcella (Reuters) – Healthcare company Abbott Laboratories on Tuesday sued one of its former scientists, accusing him in U.S. court of “secretly downloading” sensitive corporate files containing competitive information about nutrition products. The lawsuit in Chicago federal court alleged Roger Tyre committed “flagrant misconduct” prior to leaving Illinois-based Abbott, which sells the Ensure brand nutrition powders and shakes. Abbott said it learned of the alleged downloads of thousands […]

(Reuters) – Toyota Motor Corp said on Wednesday it will invest $2.1 billion more in its new U.S. battery plant in North Carolina, as the Japanese automaker deepens efforts to tap rising demand for electric vehicles. The automaker also said its first U.S.-made battery electric sports utility vehicles (SUVs) will be assembled at the company’s Kentucky plant from 2025. The new SUVs, with three rows of seats, will be powered […]

(Reuters) – Toyota Motor Corp said on Wednesday it will invest $2.1 billion more in its new U.S. battery plant in North Carolina, as the Japanese automaker deepens efforts to tap rising demand for electric vehicles. The automaker also said its first U.S.-made battery electric sports utility vehicles (SUVs) will be assembled at the company’s Kentucky plant from 2025. The new SUVs, with three rows of seats, will be powered […]

MEXICO CITY (Reuters) -Mexican retail and bottling giant Femsa said Wednesday it had reached a “definitive” agreement to sell its stake in Jetro Restaurant Depot for $1.4 billion, furthering its strategy to simplify its business, and sending its shares up. The transaction will close in the second quarter of this year, when it will receive $467 million upfront, with the final chunk paid in the subsequent two years, it added […]

MEXICO CITY (Reuters) -Mexican retail and bottling giant Femsa said Wednesday it had reached a “definitive” agreement to sell its stake in Jetro Restaurant Depot for $1.4 billion, furthering its strategy to simplify its business, and sending its shares up. The transaction will close in the second quarter of this year, when it will receive $467 million upfront, with the final chunk paid in the subsequent two years, it added […]

By Laura Sanicola (Reuters) – Oil prices fell on Wednesday on a stronger U.S. dollar and as weak data from top oil importer China raised demand fears. Brent crude futures for August delivery were down 37 cents, or 0.5%, to $73.34 a barrel at 12:07 p.m. EDT (1707 GMT). U.S. West Texas Intermediate crude (WTI) fell 54 cents, or 0.8%, to $68.92. Both benchmarks fell by over $2 earlier in […]

By Laura Sanicola (Reuters) – Oil prices fell on Wednesday on a stronger U.S. dollar and as weak data from top oil importer China raised demand fears. Brent crude futures for August delivery were down 37 cents, or 0.5%, to $73.34 a barrel at 12:07 p.m. EDT (1707 GMT). U.S. West Texas Intermediate crude (WTI) fell 54 cents, or 0.8%, to $68.92. Both benchmarks fell by over $2 earlier in […]