Town Hall News

(Reuters) -Rental car firm Hertz Global Holdings Inc said on Monday its Chief Financial Officer Kenny Cheung was leaving the company to pursue other opportunities. The company said Chief Accounting Officer Alexandra Brooks will serve as interim finance chief, effective April 1. Shares of the company, which operates the Hertz, Dollar and Thrifty vehicle rental brands, were up 1.3% before the bell. Cheung’s departure comes at a time when Hertz’s […]

By Humphrey Malalo and Ayenat Mersie NAIROBI (Reuters) -Kenyan police on Monday fired teargas and a water cannon at stone-throwing supporters of opposition leader Raila Odinga during the second consecutive week of protests against the government and high food prices. The clashes broke out as Odinga’s convoy passed through a neighbourhood in the capital and some supporters threw stones at the police, a Reuters witness said. Hundreds of supporters had […]

(Reuters) – The death toll from an explosion at a chocolate factory in Pennsylvania has risen to seven people, with authorities ending a search for those believed to be missing following Friday’s blast. The number of people who were killed slowly rose throughout the weekend as rescue crews sifted through the rubble of the building that was home to the R.M. Palmer Co in West Reading, a town of 4,500 […]

(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 […]