Town Hall News

(Reuters) -Shares of AMC Entertainment Holdings Inc jumped as much as 21% on Tuesday, following a report that ecommerce giant Amazon.com Inc was looking to buy the theater chain. Amazon founder Jeff Bezos has dispatched his investment advisers and top entertainment chiefs to explore acquisition plans for AMC, entertainment industry news website The Intersect reported, citing sources familiar with the discussions. AMC did not immediately respond to a Reuters request […]

By Caroline Valetkevitch (Reuters) – U.S. stocks ended lower on Tuesday as investors weighed comments from a top U.S. regulator on struggling banks and sold shares of technology-related names after their recent strong run. Michael Barr, the Federal Reserve’s top banking regulator, told a Senate panel that Silicon Valley Bank did a “terrible” job of managing risk before its collapse. Shares of Apple and Microsoft along with other technology-related shares […]

By Foo Yun Chee BRUSSELS (Reuters) -The European Union patent body will oversee a new process to set fair royalties on patents for technologies widely used in products like cellphones, according to a draft EU regulation that seeks to reduce litigation over royalty disputes. Standard-essential patents cover technology that devices must include to comply with international standards like 4G, Wi-Fi and USB. Some standards entail thousands of essential patents, and […]

By David Shepardson and Hilary Russ WASHINGTON/NEW YORK (Reuters) -Former Starbucks Chief Executive Howard Schultz will defend the company’s labor talks before a U.S Senate committee on Wednesday, according to written testimony seen by Reuters. “Starbucks has engaged in good faith bargaining,” Schultz’s testimony says, arguing “union representatives have improperly demanded multi-store negotiations, delayed or refused to attend meetings, and insisted on unlawful preconditions.” Schultz will appear before the Senate […]

WASHINGTON (Reuters) – Activity at Binance was a pretty clear case of evasion and U.S. authorities needed to step in aggressively and as quickly as possible, the chairman of the Commodity Futures Trading Commission said on Tuesday. The U.S. agency sued Binance, the world’s largest crypto exchange, on Monday. “This seemed to be a pretty clear case of evasion and something that we needed to step in aggressively with and […]

By Amanda Cooper LONDON (Reuters) – Turbulence in Europe’s banks following the implosion of 167-year-old Credit Suisse and runs on regional banks in the U.S. has focused attention on the role played by credit default swaps in all the turmoil. Investors, worried about which bank might be next, have hammered the shares and bonds of some of Europe’s best known banking names, including Deutsche Bank, Germany’s biggest lender. The moves […]

By Jose Luis Gonzalez CIUDAD JUAREZ, Mexico (Reuters) -At least 39 migrants from Central and South America died after a fire broke out late on Monday at a migrant detention center in the Mexican northern border city of Ciudad Juarez, apparently caused by a protest over deportations, officials said on Tuesday. Twenty-eight of the dead were Guatemalans, Guatemala’s national migration institute said. Mexican President Andres Manuel Lopez Obrador said authorities […]

By Sinéad Carew and Amanda Cooper NEW YORK/LONDON (Reuters) – Wall Street’s major indexes lost ground on Tuesday while Treasury yields and gold advanced as investors worried that the U.S. Federal Reserve would keep interest rates higher for longer as fears of further banking sector failures faded. Energy stocks were rallying, however, as oil prices rose on supply concerns. Stocks had rallied on Monday as investors were relieved by no […]

By Michael Holden and Sam Tobin LONDON (Reuters) -Britain’s Prince Harry and singer Elton John made a surprise appearance at London’s High Court on Monday as they and five others began a lawsuit against the publisher of the Daily Mail paper over years of alleged phone-tapping and privacy breaches. Harry, the younger son of King Charles, has brought a lawsuit against Associated Newspapers (ANL), along with John, and his husband […]