Town Hall News

By Ramiro Scandolo BUENOS AIRES (Reuters) – Lionel Messi has received a formal offer to join Saudi Arabian club Al-Hilal next season, a source close to Argentina’s World Cup-winning captain told Reuters on Thursday. The offer from the Saudi club is the only one Messi has received so far, the source added. Argentine media have reported that the offer is worth around $400 million a year. Al-Hilal did not immediately […]

By Rachael Levy and Marisa Taylor (Reuters) – Elon Musk’s brain-implant venture has filled an animal-research oversight board with company insiders who may stand to benefit financially as the firm reaches development goals, according to company documents and interviews with six current and former employees. Such oversight boards are required by federal law for organizations experimenting on certain types of animals. The panels are charged with ensuring proper animal care, […]

By Kannaki Deka (Reuters) – Peloton Interactive Inc reported a wider-than-expected quarterly loss and warned it expects to sign up fewer members for the year, raising concerns about the fitness equipment maker’s growth prospects. Shares of the company fell 15% in morning trading after initially rising on stronger-than-expected forecast for fourth-quarter revenue. Last year, the pandemic darling had tanked 78% as demand for its bikes slumped with people returning to […]

By Medha Singh and Chibuike Oguh (Reuters) -Shares of PacWest Bancorp and Western Alliance Bancorp shares plunged on Thursday, dragging other regional lenders down, as news that both banks were in talks about strategic options sparked investor worries of a worsening financial crisis. PacWest’s stock slumped more than 50% in early trading, dropping to a record low. The bank had confirmed an earlier Reuters report on Wednesday that it was […]

(This May 2 story has been refiled to say ‘made available,’ not ‘promise,’ in the headline) (Reuters) – PNC Financial Services Group Inc said on Tuesday the parent company and its banking unit can offer up to $15 billion of its commercial paper to provide additional liquidity. The regional bank, which has so far been insulated from deposit flight, said in a filing the holding company can offer up to […]

By Rich McKay ATLANTA (Reuters) – A former U.S. Coast Guardsman accused of killing a woman and wounding four others in a shooting in an Atlanta medical building was expected to make his first court appearance on Thursday. The suspected gunman, identified as 24-year-old Deion Patterson, was scheduled to appear before a Fulton County magistrate judge for a bail hearing via a video feed from jail at 11:30 a.m. EST […]

(Reuters) – Lordstown Motors on Thursday reported a steep fall in its cash reserves and warned it might have to stop making its Endurance electric pickup truck in the near future unless it finds a partner. The cash-strapped EV maker had earlier this week said it might be forced to file for bankruptcy, citing uncertainty over a $170 million investment deal with its major shareholder Foxconn. Lordstown, named after the […]

CHISINAU (Reuters) – Moldova will close its airspace to civilian aircraft on June 1 for safety reasons while hosting a summit of European leaders, its civil aviation authority said on Thursday. Moldova expects up to 47 heads of state, government and European Union institutions to attend the summit of the European Political Community (EPC), which brings together EU member states and 17 other European countries. “To ensure aviation security, flights […]

(This story has been corrected to say ‘compared with expectations,’ not ‘topping expectations,’ in paragraph 9) (Reuters) – Zoetis Inc on Thursday reported weaker-than-expected sales in its largest business unit as distributors de-stocked on pet products. The veterinary drugmaker reported pet products revenue of $1.23 billion for the first quarter, below analysts’ estimates of $1.4 billion, according to Refinitiv. Zoetis sought to allay investor concerns over a hit to pet […]