Town Hall News

(Corrects bids closing date from March 10 to March 24) (Reuters) -Blackstone Inc and Apollo Global Management were among about 20 bidders for some assets of collapsed Silicon Valley Bank, the Federal Deposit Insurance Corporation (FDIC) said on Wednesday. PNC Financial Services, Valley Bank, Citizens Bank and BankUnited were also among the bidders, the FDIC said in a summary document, adding that one or more bidders submitted more than one […]

By Michael Holden LONDON (Reuters) – Senior executives of Mirror Group Newspapers authorised widespread illegal activity at their tabloids including the targeting of a British royal, the lawyer for Prince Harry and others suing the publisher said on Thursday. Harry, King Charles’ younger son, and more than 100 others including celebrities and high-profile figures, are suing the publisher of the Daily Mirror, Sunday Mirror and Sunday People. They allege the […]

By Olena Harmash KYIV (Reuters) – Ukraine hopes to start selling off confiscated Russian assets this year via privatisation auctions to help fund reconstruction efforts, the head of the State Property Fund said. As part of its economic response to Russia’s invasion, Kyiv has imposed sanctions on Russia and opened court cases to confiscate assets held by the Russian state in Ukraine and businessmen close to the Kremlin. “Russian business […]

By Michael Holden LONDON (Reuters) – Senior executives of Mirror Group Newspapers authorised widespread illegal activity at their tabloids including the targeting of a British royal, the lawyer for Prince Harry and others suing the publisher said on Thursday. Harry, King Charles’ younger son, and more than 100 others including celebrities and high-profile figures, are suing the publisher of the Daily Mirror, Sunday Mirror and Sunday People. They allege the […]

By Michael Holden LONDON (Reuters) – Senior executives of Mirror Group Newspapers authorised widespread illegal activity at their tabloids including the targeting of a British royal, the lawyer for Prince Harry and others suing the publisher said on Thursday. Harry, King Charles’ younger son, and more than 100 others including celebrities and high-profile figures, are suing the publisher of the Daily Mirror, Sunday Mirror and Sunday People. They allege the […]

(Reuters) -Sonos Inc was set to shed more than a fifth of its market valuation on Thursday after a revenue forecast cut fueled worries that consumers were dialing down purchases of its premium speakers in a turbulent economy. The stock tumbled 22% to $16.40 in early trading, hitting over a five-month low and on track to erase all of its year-to-date gains. At least four of the seven analysts covering […]

(Reuters) – Shares of pot companies were trading higher on Thursday as the U.S. Senate Banking Committee prepares to discuss the SAFE Banking Act, a crucial legislation that would make it easier for the cannabis industry to access banking services. If the bill advances through the committee stage, it would be voted by the Senate for the first time. The bill has been passed by the House of Representatives seven […]

KYIV (Reuters) – Russian forces are planning to evacuate more than 3,000 workers from the town that serves the occupied Zaporizhzhia nuclear power plant, resulting in a “catastrophic lack” of personnel, Ukraine’s state-owned Energoatom company said on Wednesday. Last week, the head of the U.N.’s nuclear power watchdog, Rafael Grossi, said the situation around the Russian-held nuclear station had become “potentially dangerous” after Moscow-installed officials began evacuating people from nearby […]

By Aditya Soni (Reuters) – Walt Disney Co shares fell more than 8% on Thursday as a surprise drop in streaming subscribers fanned worries that the media and entertainment company’s success in stemming losses at the business may be coming at the cost of growth. The decline was set to erase about $15 billion from the market value of the company after at least 10 analysts lowered their price targets […]