Town Hall News

By Mike Scarcella (Reuters) – Cox Media Group LLC, Fox Corp and CBS Corp have agreed to pay a combined $48 million to resolve civil antitrust claims in U.S. Court that accuse them of a conspiracy to artificially fix the prices of spot advertising on broadcast television. Cox has agreed to pay $37 million to settle class-action claims brought on behalf of an advertising company and a small heating and […]

LONDON (Reuters) – The cost of insuring exposure to a U.S. debt default fell further on Tuesday, reflecting investor optimism over a tentative deal by U.S. lawmakers to raise the $31.4 trillion debt ceiling. Trading picked up on Tuesday after much of Europe and the United States were closed on Monday for holidays. In mid-morning trading, the U.S. one-year credit default swap (CDS)- a market-based gauge of the risk of […]

LONDON (Reuters) – The cost of insuring exposure to a U.S. debt default fell further on Tuesday, reflecting investor optimism over a tentative deal by U.S. lawmakers to raise the $31.4 trillion debt ceiling. Trading picked up on Tuesday after much of Europe and the United States were closed on Monday for holidays. In mid-morning trading, the U.S. one-year credit default swap (CDS)- a market-based gauge of the risk of […]

(Refiles to change day in first par to Tuesday from Monday) LONDON (Reuters) – The cost of insuring exposure to a U.S. debt default fell further on Tuesday, reflecting investor optimism over a tentative deal by U.S. lawmakers to raise the $31.4 trillion debt ceiling. Trading picked up on Tuesday after much of Europe and the United States were closed on Monday for holidays. In mid-morning trading, the U.S. one-year […]

By Fatos Bytyci ZVECAN, Kosovo (Reuters) -NATO is to send 700 extra troops to Kosovo and put another battalion on high alert to go in as unrest in the region has intensified since ethnic Albanian mayors took office in the country’s northern Serb-majority area after votes last month. In the town of Zvecan on Tuesday, dozens of NATO soldiers in anti-riot gear from the United States, Poland and Italy secured […]

WASHINGTON (Reuters) – U.N. International Atomic Energy Agency (IAEA) chief Rafael Grossi on Tuesday asked Ukraine and Russia to respect five principles to safeguard Ukraine’s Zaporizhzhia nuclear power plant, suggesting he had not secured their agreement on protecting the facility. Grossi has been trying for months to establish an agreement to reduce the risk of a catastrophic nuclear accident from military activity like shelling at Europe’s biggest nuclear power plant, […]

LONDON (Reuters) – The cost of insuring exposure to a U.S. debt default fell further on Monday, reflecting investor optimism over a tentative deal by U.S. lawmakers to raise the debt ceiling. U.S. one-year credit default swaps (CDS)- market-based gauges of the risk of a default – narrowed 15 basis points from Monday’s close to 118 bps, data from S&P Global Market Intelligence showed. Five-year CDS fell to 54 bps […]

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence slipped to a six-month low in May as Americans’ assessment of the labor market softened, but more households planned to purchase motor vehicles and other big-ticket items over the next six months, which could support economic growth this quarter. The ebb in confidence reported by the Conference Board on Tuesday was concentrated among consumers aged 55 years and older, as well […]

By Chris Prentice (Reuters) – A former product manager for Coinbase Global Inc and his brother agreed to settle U.S. Securities and Exchange Commission (SEC) charges related to insider trading of crypto asset securities, the regulator said on Tuesday. Former Coinbase product manager Ishan Wahi and his brother, Nikhil Wahi, agreed to settle charges that they engaged in a scheme to trade ahead of multiple announcements regarding at least nine […]