Town Hall News

By Chris Prentice, Saeed Azhar, Lananh Nguyen and Paritosh Bansal (Reuters) – Banks including Citizens Financial Group Inc, PNC Financial Services Group and JPMorgan Chase & Co are among roughly half a dozen bidders vying to buy First Republic Bank in an auction process being run by U.S. regulators, according to sources familiar with the matter. Guggenheim Securities is advising the U.S. Federal Deposit Insurance Corp (FDIC) on the sale […]

(Reuters) – A drone strike caused a fire at a fuel storage facility in the Crimean port of Sevastopol, sending a vast column of black smoke into the sky before it was extinguished, the city’s Moscow-installed governor said. FIGHTING * Russia hurled missiles at cities across Ukraine early on Friday as people slept, killing at least 25 civilians in the first large-scale air strikes in nearly two months, as Kyiv […]

(Reuters) -The U.S. Federal Deposit Insurance Corp has asked banks including JPMorgan Chase & Co and PNC Financial Services Group to submit final bids for First Republic Bank by Sunday after gauging their initial interest earlier in the week, Bloomberg News reported. The banking regulator reached out to banks late on Thursday seeking indications of interest, including a proposed price and estimated cost to the agency’s deposit insurance fund, the […]

By Thiam Ndiaga OUAGADOUGOU (Reuters) – Residents and survivors of a massacre in a Burkina Faso village said on Saturday 136 people including women and infants were killed, blaming the country’s security forces for the April 20 attack. A prosecutor last week launched a probe into the massacre which took place in the northern village of Karma and surrounding areas, following reports that people wearing the uniforms of the Burkinabe […]

By Anirban Sen and Echo Wang NEW YORK (Reuters) -SoftBank Group Corp’s chip maker Arm Ltd has filed with regulators confidentially for a U.S. stock market listing, Arm said on Saturday, setting the stage for this year’s largest initial public offering. The IPO registration shows that Softbank is pressing ahead with the blockbuster offering despite adverse market conditions, after saying in March that it planned to list Arm in the […]

(Reuters) – Ferrari have made a step forward but Formula One champions Red Bull are still the team to beat, Charles Leclerc said after finishing second in the first sprint race of the season on Saturday. The Monegasque started on pole position in Baku, and will do so again on Sunday’s main Azerbaijan Grand Prix, but was unable to prevent Mexican Sergio Perez from winning and taking the full eight […]

(Reuters) – A drone strike caused a fire at a fuel storage facility in the Crimean port of Sevastopol, sending a vast column of black smoke into the sky before it was extinguished, the city’s Moscow-installed governor said. FIGHTING * Russia hurled missiles at cities across Ukraine early on Friday as people slept, killing at least 25 civilians in the first large-scale air strikes in nearly two months, as Kyiv […]

(Reuters) – Twitter Inc CEO Elon Musk said on Saturday that the social media platform will allow media publishers to charge users on a per article basis with one click, calling it a win for both the public and media organizations. The feature, to be rolled out in May, will enable users who do not “sign up for a monthly subscription to pay a higher per article price for when […]

By El Tayeb Siddig and Nafisa Eltahir KHARTOUM (Reuters) – Air strikes and artillery rocked Khartoum on Saturday as Sudan entered a third week of fighting between rival military forces despite a ceasefire, prompting more civilians to flee and renewed warnings of wider instability if the war is not stopped. By Saturday evening, heavy clashes could be heard near downtown Khartoum, close to the army headquarters and the presidential palace. […]