Town Hall News

By Svea Herbst-Bayliss NEW YORK (Reuters) – ValueAct Capital is pushing Seven & i Holdings to explain its corporate strategy to shareholders including why it is not spinning off of its 7-Eleven convenience store chain or considering selling the whole company. The investment firm, which owns a 4.4% stake and has been pushing for change since 2020, is ratcheting up pressure before the company’s April 6 earnings call and the […]

By Lucy Craymer WELLINGTON (Reuters) – One New Zealand, formerly Vodafone NZ, said on Monday it had signed an agreement with billionaire Elon Musk’s SpaceX to use the U.S. company’s Starlink satellites to provide cell coverage to 100% of New Zealand from late 2024. The technology would initially be for text and multimedia messaging services but would later extend to voice and data services in areas of New Zealand not […]

By Akash Sriram and Hyunjoo Jin (Reuters) – Tesla Inc on Sunday posted record quarterly vehicle deliveries, but quarter-on-quarter sales growth was modest despite price cuts as rising competition and a bleak economic outlook weighed. Tesla delivered 422,875 vehicles for the first three months of this year, up 4% from the previous quarter. This was 36% higher than a year ago. In January, Chief Executive Elon Musk said Tesla could […]

By Wayne Cole SYDNEY (Reuters) – Oil prices surged on Monday after Saudi Arabia and other OPEC+ oil producers announced a surprise round of output cuts, a potentially ominous sign for global inflation just days after a slowdown in U.S. price data had boosted market optimism. Brent oil futures jumped $5.16 to $85.05 a barrel on news output would be cut by around 1.16 million barrels per day, while U.S. […]

(Reuters) – Cineworld Group Plc is planning to raise $2.26 billion, according to a court filing on Sunday, as the theater chain aims to emerge from Chapter 11 bankruptcy in the first half of 2023. The fundraising will consist of a first lien senior secured debt credit facility of $1.46 billion and issuance of new common stock for an aggregate purchase price of $800 million, according the filing with the […]

(Reuters) – Cineworld Group Plc is planning to raise $2.26 billion, according to a court filing on Sunday, as the theater chain aims to emerge from Chapter 11 bankruptcy in the first half of 2023. The fundraising will consist of a first lien senior secured debt credit facility of $1.46 billion and issuance of new common stock for an aggregate purchase price of $800 million, according the filing with the […]

(Reuters) – The death toll from a violent storm that whipped up tornadoes in the southern and midwestern regions of the United States rose to at least 32 over the weekend, according to officials and media reports. In Memphis, Tennessee, two children and an adult were found dead on Saturday after the storm’s heavy winds knocked trees onto several houses, according to the Memphis Police Department. In Tennessee’s McNairy County, […]

By Mark Trevelyan and Felix Light (Reuters) – Well-known Russian military blogger Vladlen Tatarsky was killed by a bomb blast in a St Petersburg cafe on Sunday in what appeared to be the second assassination on Russian soil of a figure closely associated with the war in Ukraine. Russia’s state Investigative Committee said it had opened a murder investigation. St Petersburg’s governor said that 25 people were wounded and 19 […]

By Nick Starkov and Ronald Popeski KYIV (Reuters) -Ukrainian President Volodymyr Zelenskiy said on Sunday that the military situation was “particularly hot” around Bakhmut, with no letup in a months-long drive to seize the city, the most protracted battle in the Russian invasion. The founder of Russia’s Wagner mercenary force, Yevgeny Prigozhin, said his troops had raised a Russian flag on the administrative building in the city. But there was […]