Town Hall News

(Reuters) -SpaceX CEO Elon Musk tapped the rocket maker for a $1 billion loan around the time he was acquiring social media company X, formerly known as Twitter, the Wall Street Journal reported on Tuesday. SpaceX approved the loan, which was backed by some of his SpaceX stock, in October, and Musk drew all of it down the same month, the newspaper said, citing documents reviewed by it. Musk paid […]

(Reuters) -SpaceX CEO Elon Musk tapped the rocket maker for a $1 billion loan around the time he was acquiring social media company X, formerly known as Twitter, the Wall Street Journal reported on Tuesday. SpaceX approved the loan, which was backed by some of his SpaceX stock, in October, and Musk drew all of it down the same month, the newspaper said, citing documents reviewed by it. Musk paid […]

(Reuters) – Boeing and aircraft leasing firm Aviation Capital Group on Tuesday finalized an order for 13 737 MAX jets, the companies said in a statement. The order, which increases Aviation Capital’s order book to 47 737 MAXs, includes seven 737-8 and six 737-10 jets. Airlines, which have been struggling with limited supply of jets, are increasingly turning to aircraft leasing companies to add to their capacity following strong demand […]

ZUG, Switzerland (Reuters) – The new expanded UBS is not too big for Switzerland following the bank’s emergency takeover of fallen rival Credit Suisse, Chief Executive Officer Sergio Ermotti said on Tuesday. “UBS is not too big – size is not only about the relationship of the balance sheet to the country’s GDP,” Ermotti told an event in Zug, Switzerland. UBS completed its emergency takeover of Credit Suisse in June, […]

By Elida Moreno PANAMA CITY (Reuters) – The Panama Canal’s water levels have not recovered enough as the end of the rainy season approaches and limits on daily transit and vessel draft will stay in place for the rest of the year and throughout 2024, the waterway’s authority said on Tuesday. The restrictions, implemented earlier this year to conserve water amid prolonged drought, triggered a backlog of ships waiting to […]

By Daniel Trotta (Reuters) – The New York City Police Department on Tuesday agreed to scale back its enforcement of street protests like those that erupted after the death of George Floyd in 2020, enacting a series of reforms including banning the tactic known as “kettling.” Kettling involves creating a cordon of police officers to surround a crowd in order to control it. Critics say the tactic ensnares lawful protesters […]

(Reuters) – Kroger and Albertsons Companies Inc are in talks to sell some grocery stores to C&S Wholesale Grocers to obtain regulatory approval for their $25 billion merger, Bloomberg News reported on Tuesday, citing people familiar with the matter. C&S, which has partnered with SoftBank Group for the transaction, could announce a deal as soon as this week to acquire most or all of the stores they are unloading for […]

By Arathy Somasekhar (Reuters) – Oil prices ticked up on Thursday, as markets worried about a supply shortage after Saudi Arabia and Russia extended their voluntary supply cuts to the end of the year. Brent crude futures rose by 17 cents, or 0.2%, to $90.21 a barrel at 00:08 GMT. It crossed the $90 mark for the first time since November on Tuesday in the sixth straight day of gains. […]

(Reuters) – Ukraine’s military on Tuesday reported advances and robust defence along the front lines of its 18-month old war with Russia, with Moscow acknowledging “tension” in the southern sector but dismissing Kyiv’s campaign as unsuccessful. Ukraine launched a counter offensive in June to reclaim territory seized by Russia, but has struggled to break through entrenched Russian lines and has faced growing criticism in Western media of concentrating forces in […]