Town Hall News

(Reuters) -Blackbaud Inc on Monday rejected a buyout offer from its largest shareholder Clearlake Capital that valued the software firm at $3.78 billion. Clearlake made an offer of $71 per share in cash, a premium of nearly 23% to Blackbaud’s Friday close. Blackbaud’s shares were up 15% at $66.99 in premarket trading on Monday, paring some gains from earlier when it disclosed the offer. The board unanimously determined that the […]

By Maayan Lubell JERUSALEM (Reuters) -Israeli Prime Minister Benjamin Netanyahu’s coalition plunged into chaos on Monday, after mass overnight protests over the sacking of his defence chief piled pressure on the government to halt its bitterly contested plans to overhaul the judiciary. Netanyahu had been expected to make a televised statement on Monday morning announcing the plans, which he says are needed to restore balance to the system of government […]

By Nell Mackenzie LONDON (Reuters) -U.S. stock futures rose on Monday, after First Citizens BancShares helped calm unsettled markets by saying that it would take the deposits and loans of failed Silicon Valley Bank. The deal offered markets some respite after weeks of turmoil set off by the collapse of tech-focused SVB earlier this month and punctuated by more bank failures and rescues orchestrated by authorities. S&P 500 futures traded […]

GENEVA (Reuters) – A U.N. fact-finding mission on Libya said on Monday that it had reasonable grounds to believe war crimes and crimes against humanity had been committed, including against migrants, and that it would relay the evidence to the International Criminal Court (ICC). The mission, tasked with investigating abuses in the North African country since 2016, said in its final report submitted to the Geneva-based Human Rights Council that […]

KYIV (Reuters) – Ukraine’s ground forces commander said on Monday his troops were continuing to repel heavy Russian attacks on the eastern city of Bakhmut and that defending it was a “military necessity”. Ukraine’s military said Colonel General Oleksandr Syrskyi had acted during a visit to the eastern front line to solve “problematic issues that prevent effective execution of combat tasks” and taken “operational decisions aimed at strengthening our capabilities […]

(Reuters) – Codiak BioSciences Inc said on Monday it has filed for Chapter 11 bankruptcy protection and will seek to sell its assets, months after the COVID-19 vaccine developer announced job cuts. The company reduced its workforce by 37% to 53 full-time employees in August last year to extend its cash runway. As of Sept. 30, 2022 the company had cash and cash equivalents of $51.8 million. Codiak previously said […]

MOSCOW (Reuters) – An ally of President Vladimir Putin has warned that Russia has the weapons to destroy any enemy, including the United States, if its own existence is threatened, accusing Washington of underestimating Moscow’s nuclear might. The comments from Nikolai Patrushev, the influential secretary of Russia’s Security Council, are the latest from a senior Russian official to raise the spectre of a nuclear showdown between the world’s two largest […]

By Nell Mackenzie LONDON (Reuters) -U.S. stock futures rose on Monday, after First Citizens BancShares helped calm unsettled markets by saying that it would take the deposits and loans of failed Silicon Valley Bank. The deal offered markets some respite after weeks of turmoil set off by the collapse of tech-focused SVB earlier this month and punctuated by more bank failures and rescues orchestrated by authorities. S&P 500 futures traded […]

(Reuters) – NATO slammed Vladimir Putin for “dangerous” nuclear rhetoric after the Russian president announced plans to station tactical nuclear weapons in Belarus, while Russian forces intensified shelling of the frontline Ukrainian city of Avdiivka. DIPLOMACY AND SANCTIONS * Ukraine criticized Putin’s plans to station tactical nuclear weapons in Belarus and called for an emergency U.N. Security Council session to address the move. * EU foreign policy chief Josep Borrell […]