Town Hall News

LONDON (Reuters) – Shares in Round Hill Music Royalty Fund, which owns the copyrights to work of major artists such as the Beatles, soared as much as 67% on Friday after a $496 million buyout offer from Alchemy Copyrights. Shares in Round Hill Music were up 64% at $1.125 by 0753 GMT, having hit a record $1.15 earlier on. In a note, Jefferies said it expects Alchemy’s offer is “highly […]

By Jonathan Stempel NEW YORK (Reuters) – New York state’s attorney general on Friday said Donald Trump may have fraudulently inflated his fortune by far more than previously thought, her latest salvo in preparation for trial in her civil lawsuit against the former U.S. president and his family business. In a filing with a New York state court in Manhattan, Attorney General Letitia James said her valuation and accounting experts […]

By Jonathan Stempel NEW YORK (Reuters) – New York state’s attorney general on Friday said Donald Trump may have fraudulently inflated his fortune by far more than previously thought, her latest salvo in preparation for trial in her civil lawsuit against the former U.S. president and his family business. In a filing with a New York state court in Manhattan, Attorney General Letitia James said her valuation and accounting experts […]

By Savyata Mishra and Juveria Tabassum (Reuters) – Kroger said on Friday it would sell over 400 grocery stores to C&S Wholesale Grocers in an effort to get regulatory approval for its nearly $25-billion takeover of smaller rival Albertsons. Kroger will get about $1.9 billion in cash for the store divestitures. The company said it may need C&S to purchase up to an additional 237 stores in certain geographies to […]

By Savyata Mishra and Juveria Tabassum (Reuters) – Kroger said on Friday it would sell over 400 grocery stores to C&S Wholesale Grocers in an effort to get regulatory approval for its nearly $25-billion takeover of smaller rival Albertsons. Kroger will get about $1.9 billion in cash for the store divestitures. The company said it may need C&S to purchase up to an additional 237 stores in certain geographies to […]

WASHINGTON (Reuters) -The Federal Trade Commission’s (FTC) administrative law judge ruled on Friday that Intuit Inc., the maker of the popular TurboTax tax filing software, engaged in deceptive advertising and deceived consumers when it ran ads for “free” tax products and services, the FTC said in a statement. The judge, D. Michael Chappell, also found that there is a “cognizant danger of a recurring violation” by Intuit and ordered the […]

By Tiemoko Diallo BAMAKO (Reuters) -An al Qaeda-linked group claimed responsibility on Friday for an attack on a military base in northeastern Mali, a day after authorities blamed the same group of carrying out a dual assault on another military camp and a boat that killed over 60. At least 49 civilians and 15 soldiers were killed when assailants attacked the boat on a waterway that connects the northern regions […]

By Tiemoko Diallo BAMAKO (Reuters) -An al Qaeda-linked group claimed responsibility on Friday for an attack on a military base in northeastern Mali, a day after authorities blamed the same group of carrying out a dual assault on another military camp and a boat that killed over 60. At least 49 civilians and 15 soldiers were killed when assailants attacked the boat on a waterway that connects the northern regions […]

WASHINGTON (Reuters) – A U.S. banking regulator said its supervisors could have been more aggressive in policing First Republic Bank’s management of interest rate risk and uninsured deposits prior to its May failure, but it was unclear if that would have saved the bank in the face of the unexpected speed that depositors pulled their money. The Federal Deposit Insurance Corporation said in a new report published Friday that a […]