Town Hall News

ZURICH (Reuters) – Bain Capital Private Equity has made an offer for SoftwareOne which values the Swiss software management company at 2.9 billion Swiss francs ($3.21 billion), Bain said on Thursday. In its response, SoftwareOne board, said the offer “materially undervalues” the company and was not in its best interest or that of the majority of its shareholders. Bain has made an all cash offer of 18.50 Swiss francs per […]

By Stamos Prousalis KALAMATA, Greece (Reuters) -Rescuers scoured seas off Greece on Thursday in a massive search operation, as hopes dwindled of finding survivors of a shipwreck that killed at least 78 migrants in one of Europe’s deadliest such disasters in recent years. Reports suggested hundreds of people had packed the fishing boat that capsized and sank early on Wednesday in deep waters about 50 miles (80 km) from the […]

By Anton Bridge TOKYO (Reuters) – Japanese football fans face missing out on televised coverage of the Women’s World Cup if broadcasters fail to strike a deal with FIFA in the 35 days before the tournament starts in Australia and New Zealand. Japan, whose Nadeshiko team won the 2011 Women’s World Cup, is the last major country where broadcasting rights remain unclaimed after FIFA reached an agreement on rights for […]

(Corrects total number of judges to 8, not 9, in paragraph 4) By Ananda Teresia and Kate Lamb JAKARTA (Reuters) -Indonesia’s Constitutional Court on Thursday rejected a lawsuit seeking a change to the country’s election ballot system, clearing a hurdle that could have complicated an election just eight months away. Indonesia is set to hold simultaneous legislative and presidential elections in February 2024. The case, brought by several politicians including […]

By John Revill ZURICH (Reuters) -Siemens will spend 2 billion euros ($2.16 billion) on a new global investment plan, the German engineering and technology group said on Thursday, as it gears up to meet increased demand triggered by global stimulus packages. Siemens will build new factories, research and development centres and training sites around the world, the company said in a statement, as it aims to tackle problems exposed by […]

By Farah Master HONG KONG (Reuters) – Beijing’s government on Thursday announced that it would cover 16 types of assisted reproduction technology under the city’s health care system from July 1, the latest move by authorities to boost China’s flagging birth rate. In-vitro fertilisation, embryo transplantation, freezing and storing semen are some of the treatments that would be included under basic insurance, said Du Xin, deputy director of Beijing’s Municipal […]

By Jeslyn Lerh SINGAPORE (Reuters) – Oil rebounded on Thursday after the previous day’s plunge, as data showed a jump in refinery runs at the world’s top crude importer China, though a weak economic backdrop capped gains. Brent crude futures rose 39 cents, or 0.6%, to $73.59 a barrel by 0630 GMT. U.S. West Texas Intermediate (WTI) crude climbed 39 cents, or 0.6%, at $68.66 a barrel. Both benchmarks fell […]

By Jonathan Landay and Andrew Gray (Reuters) – NATO members are racing to complete a plan to provide long-term support to Ukraine, but are wrestling with how best to assure the country’s security until it can join the military alliance, according to U.S. and European officials. With four weeks to go until a NATO summit in Vilnius that is expected to approve the plan, there is agreement that Ukraine cannot […]

By Chris Taylor NEW YORK (Reuters) – No matter how successful you may be – even as a founder, president, or CEO – none of us start out that way. We absorb life lessons from the people around us, very often our parents. In honor of Father’s Day, Reuters asked a few C-Suite leaders about a key financial lesson they learned from dear old dad. Here is what they had […]