Town Hall News

(Reuters) -The second largest school district in the United States canceled classes on Tuesday for what could be a three-day strike by 30,000 Los Angeles education support staff backed by a teachers’ union that refuses to cross their picket line. The strike in the Los Angeles Unified School District will also disrupt meals, counseling and other social services for 565,000 students and their parents. It follows a six-day teachers’ strike […]

By Jody Godoy (Reuters) – A federal judge has ruled that shareholders suing chip maker Qualcomm Inc for allegedly hiding anticompetitive sales and licensing practices may bring their claims as a class action. The lawsuit filed in San Diego, California, alleges Qualcomm and its executives repeatedly described its businesses of selling chips and licensing its technology to other companies as separate, when in fact the company bundled them in a […]

By Arathy Somasekhar HOUSTON (Reuters) – Oil prices rose on Tuesday, settling up more than 2% and extending a recovery from a 15-month low hit the previous day, as the rescue of Credit Suisse allayed concerns of a banking crisis that would hurt economic growth and cut fuel demand. Measures to stabilise the banking sector, including a UBS takeover of Credit Suisse and pledges from major central banks to boost […]

By David Shepardson WASHINGTON (Reuters) – Just over one-third of Americans would consider buying an electric vehicle for their next model, a new Reuters/Ipsos poll found. The seven-day poll completed on Monday found 34% of all respondents would consider an EV, while 31% said no. Among Democrats 50% said they would consider an EV, while 26% of Republicans and 27% of independents said they would consider. There are now more […]

By David Shepardson WASHINGTON (Reuters) – Just over one-third of Americans would consider buying an electric vehicle for their next model, a new Reuters/Ipsos poll found. The seven-day poll completed on Monday found 34% of all respondents would consider an EV, while 31% said no. Among Democrats 50% said they would consider an EV, while 26% of Republicans and 27% of independents said they would consider. There are now more […]

NAIROBI (Reuters) – A Kenyan judge on Tuesday temporarily blocked the mass redundancy of some 260 Facebook content moderators working for an outsourcing company contracted by the social media site’s parent company Meta, court documents show. Judge Matthews Nduma issued an interim injunction against Meta and the Kenya-based outsourcing firm Sama, preventing them from terminating the content moderators’ contracts at the end of March, pending a judgement on the legality […]

By Karen Freifeld NEW YORK (Reuters) – A New York judge on Tuesday rejected former U.S. President Donald Trump’s bid to delay the scheduled Oct. 2 trial in state Attorney General Letitia James’ civil fraud lawsuit, calling the date “written in stone.” Justice Arthur Engoron in Supreme Court in Manhattan agreed to requests by Trump and other defendants to push back some deadlines for gathering evidence. “You can move anything […]

NAIROBI (Reuters) – A Kenyan judge on Tuesday temporarily blocked the mass redundancy of some 260 Facebook content moderators working for an outsourcing company contracted by the social media site’s parent company Meta, court documents show. Judge Matthews Nduma issued an interim injunction against Meta and the Kenya-based outsourcing firm Sama, preventing them from terminating the content moderators’ contracts at the end of March, pending a judgement on the legality […]

By Tom Sims, Noele Illien and Stefania Spezzati ZURICH (Reuters) -Swiss authorities imposed curbs on bonus payments for Credit Suisse employees, a move that will penalise bankers after a multi-billion-franc state rescue of the bank. Switzerland’s government announced on Tuesday that Credit Suisse was ordered to “temporarily” suspend “already granted but deferred variable remuneration” – like shares – awarded in the years up to 2022. The government said that it […]