Town Hall News

By Granth Vanaik and Hilary Russ (Reuters) -Chipotle Mexican Grill Inc topped Wall Street expectations for first-quarter sales and revenues on Tuesday, helped by steady demand for its burritos and rice bowls, higher menu prices and 41 new restaurant openings. 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 […]

(Reuters) – Google-parent Alphabet Inc’s first-quarter revenue exceeded market expectations on Tuesday, boosted by an uptick in advertising and steady demand for its cloud services. Revenue for the quarter ended March 31 stood at $69.79 billion, compared with estimates of $68.95 billion, according to Refinitiv data. (Reporting by Akash Sriram in Bengaluru; Editing by Arun Koyyur) Brought to you by www.srnnews.com

CAIRO (Reuters) – Sudanese ex-official Ahmed Haroun, who served under Omar al-Bashir and is wanted by the International Criminal Court, said that he and other former officials of Bashir’s government had left Kober prison and would take responsibility for their own protection, in a statement aired on Sudan’s Tayba TV on Tuesday.     Haroun also said they were ready to appear in front of the judiciary whenever it was functioning. […]

(Reuters) – Microsoft Corp beat Wall Street’s estimates for third-quarter revenue on Tuesday, driven by growth in its cloud computing and Office productivity software businesses. The company’s revenue rose 7% to $52.9 billion in the quarter ended March, inching past the average analyst estimate of $51.02 billion, according to Refinitiv. (Reporting by Yuvraj Malik in Bengaluru; Editing by Maju Samuel) Brought to you by www.srnnews.com

By Zeba Siddiqui SAN FRANCISCO (Reuters) – The United States is sending more of its cyber forces abroad to help foreign governments fight hackers, a top U.S. military official said at the RSA cybersecurity conference in San Francisco. In the last three years, the U.S. military’s Cyber National Mission Force (CNMF) has conducted 47 such “hunt forward” defensive operations across 20 countries at the invitation of those nations, U.S. Army […]

By Nichola Groom (Reuters) – President Joe Biden’s administration on Tuesday said it had finalized an area of nearly 10 million acres in the Gulf of Maine for potential offshore wind development, a major step toward expanding the industry into northern New England. The announcement was the latest milestone in the government’s plan to put wind turbines along every U.S. coastline to help displace fossil fuel for power generation and […]

By Sinéad Carew, Sruthi Shankar and Ankika Biswas (Reuters) – Wall Street’s major averages closed lower on Tuesday as a downbeat UPS forecast exacerbated investor concerns about a slowing U.S. economy, while plunging deposits at regional First Republic Bank added to jitters about the bank sector’s health. United Parcel Service Inc shares tumbled after the courier company forecast full-year revenue at the lower end of its earlier outlook as it […]

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 […]

By Raghav Mahobe and Bhanvi Satija (Reuters) -The U.S. Food and Drug Administration said on Tuesday it had approved Biogen Inc’s drug for treating a form of amyotrophic lateral sclerosis (ALS), making it the first available treatment targeting a genetic cause of the disease. The drug, branded as Qalsody, got a green light under the agency’s accelerated approval pathway. Biogen will be required to provide more data on the drug’s […]