Town Hall News

By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) – Walt Disney Co reduced streaming losses by $400 million from the prior quarter but also shed subscribers, the company reported on Wednesday as earnings landed in line with Wall Street expectations. Shares of Disney fell 4.2% to $96.90 in after-hours trading. The company plans to expand its streaming offerings by the end of the year with a new app that […]

By Dietrich Knauth NEW YORK (Reuters) – Vyera Pharmaceuticals, which previously settled price-fixing charges that resulted in founder Martin Shkreli being banned from the pharmaceutical industry, filed for bankruptcy late Tuesday to sell its assets. Vyera said its bankruptcy was the result of declining profits, increased competition for generic drugs, and litigation alleging that Vyera suppressed competition for its most valuable drug, Daraprim. Daraprim is a life-saving anti-parasitic medicine that […]

By Karen Freifeld and Sarah N. Lynch CENTRAL ISLIP, New York (Reuters) -U.S. Representative George Santos on Wednesday vowed to fight charges of fraud, money laundering and theft of public funds in the latest hit to the newly elected Republican, who has resisted calls to resign for lying about his resume. “It’s a witch hunt,” Santos said shortly after appearing in court in Central Islip, New York, to face the […]

UNITED NATIONS (Reuters) – U.N. Secretary-General Antonio Guterres condemned civilian deaths in Gaza as “unacceptable” and appealed for them to “stop immediately” and for all parties to exercise maximum restraint, Deputy U.N. spokesperson Farhan Haq said on Wednesday. Israel hit Islamic Jihad targets in Gaza for a second day on Wednesday and Palestinian militants launched hundreds of rockets across the border, setting off sirens as far away as Tel Aviv, […]

By Dietrich Knauth NEW YORK (Reuters) – A U.S. bankruptcy judge on Wednesday blocked the NBA’s Phoenix Suns from moving ahead with a television and streaming rights deal for its basketball games, saying the team violated the rights of its current broadcast partner, the bankrupt Diamond Sports Group. The Phoenix Suns last month announced they would broadcast future games to television and online streaming through a partnership with Gray Television […]

By Dietrich Knauth NEW YORK (Reuters) – A U.S. bankruptcy judge on Wednesday blocked the NBA’s Phoenix Suns from moving ahead with a television and streaming rights deal for its basketball games, saying the team violated the rights of its current broadcast partner, the bankrupt Diamond Sports Group. The Phoenix Suns last month announced they would broadcast future games to television and online streaming through a partnership with Gray Television […]

(Reuters) -Beyond Meat reported upbeat quarterly results on Wednesday as the plant-based meat company benefited from easing supply chain pressures and cost controls, sending its shares up 9% in extended trading. The company has cut jobs, restructured certain contracts, ramped up automation in its manufacturing processes and also tightened its sourcing network in its bid to keep a tight lid on costs. The 200 layoffs in October were estimated to […]

By Jarrett Renshaw and Timothy Gardner WASHINGTON (Reuters) -The White House on Wednesday called on Congress to pass permitting legislation that would help speed up clean energy and fossil fuel projects as the bipartisan effort gets pulled into a standoff on the debt ceiling. The renewed push on permitting reform comes the day after President Joe Biden met with top Republican and Democratic lawmakers for the first time in three […]

By David Brunnstrom and Michael Martina WASHINGTON (Reuters) – The British son of jailed Hong Kong media tycoon Jimmy Lai and a leading Catholic U.S. congressman criticized Britain and the Vatican on Wednesday for failing to speak out strongly against the crackdown on dissent in the Chinese territory. At a Washington event about the human rights situation in the former British colony, Sebastien Lai said self-censorship in Hong Kong was […]