Town Hall News

By Michael Holden and Sam Tobin LONDON (Reuters) -Britain’s Prince William settled a phone-hacking claim against Rupert Murdoch’s UK newspaper arm for a “huge sum” after a secret deal struck with Buckingham Palace, the heir’s younger brother Prince Harry said in court documents. Harry, the younger son of King Charles, is suing Murdoch’s News Group Newspapers (NGN) at the High Court in London for multiple unlawful acts allegedly committed on […]

BERLIN (Reuters) – Mercedes-Benz on Tuesday launched its last new combustion engine model – the next generation of the E-Class, which will be built in Germany and China and go on sale in Europe in the third quarter of this year. Follow-up models of the E-Class will be built on a new platform adapted for battery-powered cars, though this generation will already be available as a hybrid. “Building a battery […]

By Sriparna Roy and Bhanvi Satija (Reuters) – Biogen Inc said on Tuesday it will pause or discontinue at least four studies of experimental drugs to focus on more potentially lucrative options including its second Alzheimer’s treatment, Leqembi, in the latest attempt by the new CEO to trim costs. “We made good progress on the previous program that it amounts $1 billion of cost savings,” Chief Executive Christopher Viehbacker said […]

By Sriparna Roy and Bhanvi Satija (Reuters) -Biogen Inc said on Tuesday it will pause or discontinue at least four studies of experimental drugs to focus on more potentially lucrative options including its second Alzheimer’s treatment, Leqembi, in the latest attempt by the new CEO to trim costs. “We made good progress on the previous program that it amounts $1 billion of cost savings,” Chief Executive Christopher Viehbacker said on […]

By Michael Holden and Sam Tobin LONDON (Reuters) -Britain’s Prince William settled a phone-hacking claim against Rupert Murdoch’s UK newspaper arm for a “huge sum” after a secret deal struck with Buckingham Palace, the heir’s younger brother Prince Harry said in court documents. Harry, the younger son of King Charles, is suing Murdoch’s News Group Newspapers (NGN) at the High Court in London for multiple unlawful acts allegedly committed on […]

(Reuters) – Homebuilder and mortgage banking company NVR Inc beat analysts’ expectations for first-quarter profit on Tuesday, helped by higher home prices. U.S. home prices have remained elevated as a shortage of homebuilding supplies limited the availability of new homes, helping counter lower demand from a jump in mortgage rates following the Federal Reserve’s aggressive monetary policy. Virginia-based NVR posted earnings of $99.89 per diluted share for the three months […]

By Shristi Achar A (Reuters) – Canada’s main stock index fell on Tuesday as investors remained on the sidelines in an earnings-heavy week, while weakness in crude and copper prices dragged the commodity stocks lower. At 10:03 a.m. ET (1403 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 113.01 points, or 0.55%, at 20,563.73, dropping to nearly its two-week low levels. The energy sector lost 1.4% as crude […]

By Foo Yun Chee BRUSSELS (Reuters) -Five Alphabet subsidiaries, two Meta Platforms units, two Microsoft businesses, Twitter and Alibaba’s AliExpress are among 19 companies subject to landmark EU online content rules, EU industry chief Thierry Breton said on Tuesday. The rules known as the Digital Services Act (DSA) require the companies to do risk management, conduct external and independent auditing, share data with authorities and researchers and adopt a code […]

By Michael Holden and Sam Tobin LONDON (Reuters) -Britain’s Prince William settled a phone-hacking claim against Rupert Murdoch’s UK newspaper arm for a “huge sum” after a secret deal struck with Buckingham Palace, the heir’s younger brother Prince Harry said in court documents. Harry, the younger son of King Charles, is suing Murdoch’s News Group Newspapers (NGN) at the High Court in London for multiple unlawful acts allegedly committed on […]