Town Hall News

By Dawn Chmielewski, Helen Coster and Sheila Dang NEW YORK (Reuters) – An animated appearance by Ted, the foul-mouthed teddy bear from the movie of the same name, a gaggle of “Real Housewives” and a NBC News political correspondent appeared at NBCUniversal’s annual ad-selling “upfront” presentation, as a writers’ strike prompted high-wattage acting talent to shun the event. The annual series of glitzy presentations, held in May in New York […]

By Dawn Chmielewski, Helen Coster and Sheila Dang NEW YORK (Reuters) – An animated appearance by Ted, the foul-mouthed teddy bear from the movie of the same name, a gaggle of “Real Housewives” and a NBC News political correspondent appeared at NBCUniversal’s annual ad-selling “upfront” presentation, as a writers’ strike prompted high-wattage acting talent to shun the event. The annual series of glitzy presentations, held in May in New York […]

(Reuters) -The U.S. Federal Trade Commission is expected to file a lawsuit as early as Tuesday to block Amgen Inc’s $27.8 billion deal to buy Horizon Therapeutics PLC, a person familiar with the matter told Reuters. Amgen struck a deal last year to buy Horizon to strengthen its rare diseases drugs portfolio. The company has said it hopes to complete the acquisition in the first half of this year. Amgen […]

(Reuters) -The U.S. Federal Trade Commission is expected to file a lawsuit as early as Tuesday to block Amgen Inc’s $27.8 billion deal to buy Horizon Therapeutics PLC, a person familiar with the matter told Reuters. Amgen struck a deal last year to buy Horizon to strengthen its rare diseases drugs portfolio. The company has said it hopes to complete the acquisition in the first half of this year. Amgen […]

By Ece Toksabay and Ali Kucukgocmen ANKARA (Reuters) – Turkish President Tayyip Erdogan’s AK Party came out on top in Sunday’s elections in 10 of the 11 provinces hit by February’s earthquakes, with analysts saying his vow to rebuild devastated cities had reassured voters in what are mostly AKP strongholds. The ruling party’s strong showing, defying initial expectations in February that the quakes would hurt its support, was also driven […]

(Reuters) – Giro d’Italia organisers have removed the race’s highest climb and shortened Friday’s 207km 13th stage to 199km due to snow and the risk of avalanches. The 2,469m ascent up the Great St Bernard Pass was positioned as this year’s Cima Coppi, the highest climb of the race. Organisers said on Tuesday cyclists will instead ride through the tunnel during the route from Borgofranco d’Ivrea to Crans-Montana. “Given the […]

(Reuters) – Nanosynth Group said on Tuesday it has proposed to enter into creditors’ voluntary liquidation, after an unsuccessful attempt to procure necessary funding. The company had flagged the lack of cash resources last month, saying it was evaluating potential funding options. Creditors’ voluntary liquidation – the most common type of insolvency – is a liquidation procedure that enables a company to be wound up by resolution of its members […]

WASHINGTON (Reuters) – U.S. homebuilder sentiment rose to a 10-month high in May as tight housing supply boosted demand for new construction, according to a survey on Tuesday that also showed tightening credit conditions were becoming a challenge. The National Association of Home Builders/Wells Fargo Housing Market index increased five points to a reading of 50 this month. The fifth straight monthly increase lifted the index to the midpoint mark […]

(Reuters) -Singaporean tech firm Sea Ltd missed first-quarter profit estimates on Tuesday, as its digital entertainment revenue halved and it took a one-time charge of more than $100 million. Sea shares dropped 12.5% to $77.05 and headed for their worst day in six months, dulling this year’s strong gains booked on a cost-cutting plan involving thousands of job cuts, the closure of some operations and a lower marketing budget. The […]