Town Hall News

(Reuters) – An Armenian soldier died on Wednesday after shelling by forces from neighbouring Azerbaijan, Interfax news agency said, the latest in a long series of recent clashes between the two former Soviet states. Interfax cited the Armenian defence ministry as saying shells hit the village of Sotk, close to the border. Azerbaijan dismissed the Armenian accusation as “a complete lie”, the agency said. The two nations have fought two […]

WASHINGTON (Reuters) – Boeing Co said on Wednesday it is rolling out a data modeling tool aimed at helping airlines and policymakers determine the quickest, most efficient path to reducing aviation emissions to zero by 2050. The tool, known as Cascade, allows users to adjust different variables – such as the use of sustainable fuels or electric propulsion, the replacement of older-model aircraft, operational improvements and other advanced technologies – […]

(Reuters) – Private-equity firms Francisco Partners and TPG are working together on a $5 billion-plus bid to acquire software company New Relic, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. New Relic did not immediately respond to a Reuters request for comment. (Reporting by Manya Saini in Bengaluru; Editing by Shinjini Ganguli) Brought to you by www.srnnews.com

By Jonathan Stempel (Reuters) – San Francisco said on Wednesday it reached a $230 million settlement with Walgreens Boots Alliance Inc over its role in the city’s opioid epidemic. The settlement came nine months after U.S. District Judge Charles Breyer in San Francisco said the drugstore chain could be held liable for having “substantially contributed” to an opioid epidemic that caused “widespread harm” in the city and constituted a public nuisance. […]

By Luc Cohen and Brendan O’Brien NEW YORK (Reuters) -The mother of a New Yorker killed in 2017 when a man driving a truck mowed down cyclists and pedestrians on a crowded Manhattan bike path told a hushed courtroom on Wednesday that no punishment meted out to the attacker could compare to her pain. “This evil murderer has destroyed so many lives,” said Monica Missio, the mother of victim Nicholas […]

By Nathan Gomes (Reuters) -Pilots of FedEx Corp’s air delivery unit on Wednesday voted “overwhelmingly” in favor of a strike if needed, the Air Line Pilots Association said as it enters the final stages of a contract negotiation with the company. With aviators in short supply and air travel demand booming, pilots are enjoying enhanced bargaining power, encouraging them to push for better contracts with airlines and parcel firms.  More […]

By Luc Cohen and Brendan O’Brien NEW YORK (Reuters) -The mother of a New Yorker killed in 2017 when a man driving a truck mowed down cyclists and pedestrians on a crowded Manhattan bike path told a hushed courtroom on Wednesday that no punishment meted out to the attacker could compare to her pain. “This evil murderer has destroyed so many lives,” said Monica Missio, the mother of victim Nicholas […]

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks rose sharply on Wednesday, fueled by optimism over a potential deal on the $31.4 trillion debt ceiling and as a rebound in regional bank shares eased concerns about an escalation in the sector’s troubles. President Joe Biden and top U.S. congressional Republican Kevin McCarthy on Wednesday reiterated their determination to strike a deal soon to raise the federal debt ceiling and […]

(Reuters) – The former chief executive of the First Republic Bank Michael Roffler blamed the bank’s collapse on the contagion from the failures of other regional banks and said regulators did not express concerns regarding the bank’s strategy, liquidity, or management performance. A total of over $100 billion in deposits were withdrawn from the bank over the course of weeks in response to an industry-wide panic about the soundness of […]