Town Hall News

By Scott Murdoch and Niket Nishant (Reuters) -JPMorgan Chase & Co said on Monday it will buy most of First Republic Bank after U.S. regulators seized the troubled bank over the weekend, marking the third major U.S. lender to fail in two months. As part of the deal, JPMorgan will make a payment of $10.6 billion to the U.S. Federal Deposit Insurance Corp (FDIC) as part of the deal to […]

By Steven Scheer JERUSALEM (Reuters) – The government’s plan to overhaul the judicial system is harming investor confidence and pushing high-tech firms to relocate abroad, Israel’s state-backed agency that supports high-tech companies said on Monday. A survey by the Israel Innovation Authority found 80% of startups established so far this year were opened outside Israel and that companies also intend to register their future intellectual property overseas – which would […]

(Reuters) -Norwegian Cruise Line Holdings Ltd raised its full-year profit forecast on Monday, betting on higher pricing and pent-up demand from wealthy customers. Shares in the company rose more than 3% in premarket trade as it also beat first-quarter revenue expectations and posted smaller-than-expected loss. Easing of on-board COVID-19 protocols after long periods of restrictions has encouraged people, especially from the higher income group, to go on leisure travel while […]

By Scott Murdoch and Niket Nishant (Reuters) -JPMorgan Chase & Co said on Monday it will buy most of First Republic Bank after U.S. regulators seized the troubled bank over the weekend, marking the third major U.S. lender to fail in two months. As part of the deal, JPMorgan will make a payment of $10.6 billion to the U.S. Federal Deposit Insurance Corp (FDIC) as part of the deal to […]

By Scott Murdoch and Niket Nishant (Reuters) -JPMorgan Chase & Co will buy most of First Republic Bank’s assets in a last-ditch rescue led by U.S. regulators, marking the third major U.S. institution to fail in two months. The deal, announced early on Monday by regulators who said they had seized First Republic, will see the banking giant take $173 billion of loans, $30 billion of securities and $92 billion […]

CAIRO (Reuters) – An Al Jazeera correspondent has been released from about four years’ pretrial detention in Egypt, his wife said in a tweet on Monday. Egypt’s Press Syndicate head Khaled Elbalshy confirmed to Reuters that the Qatar-based television network correspondent Hisham Abdel Aziz had returned home on Sunday evening. Last September, Egyptian authorities also released Al Jazeera journalist Ahmed Al Nagdy from detention as President Abdel Fattah al-Sisi made […]

DENVER (AP) — The Seattle Kraken converged from all points on the ice to the same spot — Philipp Grubauer’s net. A fitting gathering place to celebrate another first for this young franchise. Grubauer was stellar in stopping 33 shots, Oliver Bjorkstrand scored twice and the Kraken eliminated the defending Stanley Cup champion Colorado Avalanche with a 2-1 win in Game 7 on Sunday night. The Kraken became the first expansion team to beat […]

SYDNEY (Reuters) -Fiji’s former attorney general, Aiyaz Sayed-Khaiyum, who is also general secretary of the Pacific island nation’s main opposition party Fiji First, was taken into custody on Monday after being charged with abuse of office, police said. The charge relates to a complaint lodged by an election official in February, Fiji police said in a statement. “Mr Sayed-Khaiyum remains in custody and will be produced in the Suva Magistrates […]

ABERDEEN, Scotland (Reuters) – Former U.S. President Donald Trump arrived at Aberdeen airport on Monday for a short trip to visit his golf courses in Scotland and Ireland. Trump, who has family roots from Lewis, an island off the northwestern tip of Scotland, owns two golf courses in Scotland – one north of Aberdeen and the Turnberry resort south of Glasgow – and the Doonbeg golf resort in Ireland. Trump, […]