Town Hall News

By Yuvraj Malik and Jane Lanhee Lee (Reuters) -Microsoft Corp beat Wall Street’s estimates for quarterly revenue and profit on Tuesday, driven by growth in its cloud computing and Office productivity software businesses, and the company said artificial intelligence products were stimulating sales. The company forecast revenue in its main segments for the current quarter would match or top Wall Street targets. Shares gained 8.3% in after-market trading following a […]

By Steve Holland, Jarrett Renshaw and Heather Timmons WASHINGTON (Reuters) -President Joe Biden launched his re-election bid on Tuesday with a promise to protect American liberties from “extremists” linked to former President Donald Trump, who he beat in 2020 and might face again in 2024. Biden made his announcement in a video released by his new campaign team that opens with imagery from the Jan. 6, 2021, attack on the […]

MEXICO CITY (Reuters) – Mexican prosecutors on Tuesday formally accused Mexico’s top migration official with unlawful practice in public office, a criminal offense, over a fire at a government detention center that killed 40 migrants, according to Mexican media.     Francisco Garduno, head of the National Migration Institute (INM), is the highest-ranking official to be formally accused in the case, which also led to the arrests of several other INM […]

MEXICO CITY (Reuters) -Mexican telecommunications giant America Movil posted on Tuesday a 2.1% dip in first-quarter net profit from a year earlier, to 30.15 billion pesos ($1.7 billion), mainly due to smaller gains from foreign currency earnings as the peso strengthened. The company, controlled by the family of Mexican tycoon Carlos Slim, said currency gains dropped about 40% to 13.7 billion pesos from 22.5 billion pesos in the year-ago period. […]

SEOUL (Reuters) -South Korea’s SK Hynix Inc reported a record quarterly operating loss on Wednesday, but said production cuts by memory chipmakers will improve market conditions from the second half of 2023. Losses widened as a global economic slowdown prompted buyers to limit purchases, worsening a chip glut during the first quarter, SK Hynix said. The world’s second-biggest memory chipmaker reported a 3.4 trillion won ($2.54 billion) operating loss in […]

By Hilary Russ and Granth Vanaik (Reuters) -Chipotle Mexican Grill Inc topped Wall Street expectations for first-quarter profits and sales on Tuesday, helped by higher menu prices, 41 new restaurant openings and some recovery among lower-income customers. The company said it expects second quarter and full year comparable sales growth in the mid-to-high single digits. Analysts were expecting a growth of 5.7% and 5.9%, respectively. Shares of the company rose […]

By Tom Polansek CHICAGO (Reuters) – Cargill Inc will need months to fully sever ties with a U.S. company fined for hiring kids to do dangerous work cleaning meat plants, the head of the meatpacker’s North American protein business said on Tuesday. The timeline shows the challenges of quickly finding and implementing replacements for Packers Sanitation Services Inc (PSSI), which provides cleaning services at slaughterhouses. “We made the decision to […]

By Lucy Craymer WELLINGTON (Reuters) – Former New Zealand Prime Minister Jacinda Ardern said on Wednesday that she was taking up three fellowships at Harvard University later in 2023. Ardern stepped down as prime minister in January saying she had “no more in the tank” to lead the country and would also not seek re-election to parliament. She quit parliament earlier this month. Harvard University said in a statement she […]

JERUSALEM (Reuters) – Israel kicked off annual Independence Day celebrations on Tuesday evening though tens of thousands of people decided instead to again protest at divisive plans by the government to push through restrictions on the judiciary. As dignitaries and honoured guests held the annual torch lighting ceremony in Jerusalem, protesters gathered in Tel Aviv waving blue and white Israeli flags that have become a symbol of the weekly protests […]