Town Hall News

(Reuters) – Germany’s Merck KGaA has appointed Helene von Roeder as the new chief financial officer and member of the Executive Board after Marcus Kuhnert has decided to step down, the drugmaker announced on Monday. The changes would become effective from July 1, the company added. German real estate company Vonovia announced this month that von Roeder would be leaving its management board at her own request as of July […]

(Reuters) – Russia launched its biggest swarm of drones for months against Ukraine on Monday, the eve of Russia’s May 9 Victory Day holiday celebrating the defeat of Nazi Germany, which Kyiv marked a day earlier in a new break with Moscow. CONFLICT * Kyiv’s mayor said Russia had fired 60 Iranian-made kamikaze drones at Ukrainian targets, including 36 at the capital, all of which had been shot down. However, […]

By Jan Schwartz (Reuters) -Volkswagen has appointed Bentley production chief Peter Bosch to lead its software subsidiary Cariad, dismissing all but one of the unit’s current executive board members as the automaker tries to get the troubled division on track. Bosch will take over from June 1, the German group said on Monday, with two further software experts to join Cariad’s board alongside him and human resources head Rainer Zugehoer, […]

(Reuters) -Shares of PacWest Bancorp jumped 24% on Monday and led a recovery in the battered U.S. banking sector after the lender sharply cut its quarterly dividend to shore up its finances. On Friday, Los Angeles-based PacWest said it would pay a dividend of 1 cent per common share, compared with its regular payout of 25 cents, citing economic uncertainty and volatility in the industry. “Given the extreme volatility in […]

Escalating Conflict in Sudan May Lead to Refugee Crisis  British nationals who fled Sudan spoke to The Media Line in exclusive interviews, describing agonizing journeys back to the UK and their fears of a developing refugee crisis  By Owen Holdaway/The Media Line  [London] As the warring factions in Sudan continue to engage in urban warfare in the capital city of Khartoum, the pressure is rising on neighboring North African countries […]

(Reuters) – Germany’s Merck KGaA has appointed Helene von Roeder as the new chief financial officer and member of the Executive Board after Marcus Kuhnert has decided to step down, the drugmaker announced on Monday. The changes would become effective from July 1, the company added. German real estate company Vonovia announced this month that von Roeder would be leaving its management board at her own request as of July […]

(This story has been corrected to say that Miami Heat are in a playoff battle with the New York Knicks in paragraph 12) By Steve Keating MIAMI (Reuters) – Formula One spent much of the build-up to Sunday’s Miami Grand Prix shrugging off criticism it had become boring and uncompetitive with Red Bull in a league of their own winning every race. While Tom Garfinkel, CEO of the Miami Dolphins […]

TORONTO (Reuters) -Canada’s oil producers shut down production after Alberta was hit by an “unprecedented” wildfire season, although rain and cooler weather are expected to bring some relief on Monday. The country’s main oil-producing province declared a state of emergency on Saturday due to wildfires, shutting production of at least 145,000 of oil equivalent per day (boepd) and displacing nearly 30,000 residents. Canada is home to the world’s third-largest reserves, […]

(Reuters) -The U.S. Food and Drug Administration (FDA) on Monday approved Eyenovia Inc’s pupil-dilating spray for use with the company’s proprietary drug delivery device during eye examinations. The spray is indicated for mydriasis, or pupil dilation, for eye examinations carried out before cataract surgery or corrective prescriptions and can only be used in combination with the company’s experimental drug delivery device, Optejet. “We look forward to introducing Mydcombi to key […]