Town Hall News

By Jonathan Stempel NEW YORK (Reuters) – A federal judge on Friday authorized the payout of $41.53 million to investors who lost money when Elon Musk tweeted about taking his electric car company Tesla private. Payouts will come from a “fair fund” created under a settlement between Musk and the U.S. Securities and Exchange Commission, arising from Musk’s August 2018 post on Twitter that he had “funding secured” for a […]

By Carolina Mandl NEW YORK (Reuters) -Six private equity and hedge fund trade groups on Friday sued the U.S. Securities and Exchange Commission (SEC), arguing the agency overstepped its statutory authority when adopting sweeping new expenses and fees rules last week. SEC Chair Gary Gensler said the rules will increase transparency and competition in the private funds industry, which oversees around $20 trillion in assets and has been accused by […]

By Carolina Mandl NEW YORK (Reuters) -Six private equity and hedge fund trade groups on Friday sued the U.S. Securities and Exchange Commission (SEC), arguing the agency overstepped its statutory authority when adopting sweeping new expenses and fees rules last week. SEC Chair Gary Gensler said the rules will increase transparency and competition in the private funds industry, which oversees around $20 trillion in assets and has been accused by […]

MADRID, Spain (Reuters) -Spain’s National Sports Council (CSD) urged the country’s Sports Administrative Tribunal (TAD) to provisionally suspend soccer boss Luis Rubiales on Friday after the TAD opened a case against him for “serious”, rather than “very serious” misconduct. Rubiales caused a storm when he kissed player Jenni Hermoso on the lips after Spain’s victory in the women’s World Cup in Sydney. He also grabbed his crotch while standing feet […]

MADRID, Spain (Reuters) -Spain’s National Sports Council (CSD) urged the country’s Sports Administrative Tribunal (TAD) to provisionally suspend soccer boss Luis Rubiales on Friday after the TAD opened a case against him for “serious”, rather than “very serious” misconduct. Rubiales caused a storm when he kissed player Jenni Hermoso on the lips after Spain’s victory in the women’s World Cup in Sydney. He also grabbed his crotch while standing feet […]

By Shristi Achar A and Noel Randewich (Reuters) – Wall Street stocks were near unchanged on Friday after a jump in unemployment cemented expectations of a pause in interest rate hikes this month, while shares of streaming firms tumbled due to a rate dispute between Disney and Charter Communications. The Labor Department’s report showed the August unemployment rate rose to 3.8% while wage growth slowed. Nonfarm payrolls rose more than […]

By Shristi Achar A and Noel Randewich (Reuters) – Wall Street stocks were near unchanged on Friday after a jump in unemployment cemented expectations of a pause in interest rate hikes this month, while shares of streaming firms tumbled due to a rate dispute between Disney and Charter Communications. The Labor Department’s report showed the August unemployment rate rose to 3.8% while wage growth slowed. Nonfarm payrolls rose more than […]

MADRID, Spain (Reuters) -Spain’s National Sports Council (CSD) urged the country’s Sports Administrative Tribunal (TAD) to provisionally suspend soccer boss Luis Rubiales on Friday after the TAD opened a case against him for “serious”, rather than “very serious” misconduct. Rubiales caused a storm when he kissed player Jenni Hermoso on the lips after Spain’s victory in the women’s World Cup in Sydney. He also grabbed his crotch while standing feet […]

MADRID, Spain (Reuters) -Spain’s National Sports Council (CSD) urged the country’s Sports Administrative Tribunal (TAD) to provisionally suspend soccer boss Luis Rubiales on Friday after the TAD opened a case against him for “serious”, rather than “very serious” misconduct. Rubiales caused a storm when he kissed player Jenni Hermoso on the lips after Spain’s victory in the women’s World Cup in Sydney. He also grabbed his crotch while standing feet […]