Town Hall News

By Klaus Lauer and Ilona Wissenbach BERLIN/FRANKFURT (Reuters) -Airports and bus and train stations across Germany were at a standstill on Monday, causing disruption for millions at the start of the working week during one of the largest walkouts in decades as Europe’s biggest economy reels from inflation. The 24-hour strikes called by the Verdi trade union and railway and transport union EVG were the latest in months of industrial […]

BENGALURU (Reuters) -SoftBank-backed Indian hotel aggregator Oyo Hotels and Homes Pvt Ltd is cutting the shares it plans to sell via an initial public offering (IPO) by about two-thirds as tech valuations plunge, Bloomberg News reported on Monday, citing people familiar with the matter. Oyo is preparing to file a fresh IPO document as soon as this week, according to the report. The company had initially filed to go public […]

By Joice Alves (Reuters) -Shares of several mid-tier U.S. lenders rose sharply in premarket trading on Monday after a buyer emerged for large chunks of embattled Silicon Valley Bank’s deposits and loans, which helped inject some calm into fragile markets. SVB was the largest bank since the 2008 financial crisis to collapse when California regulators closed it on March 10, sparking a major turmoil in the global banking sector. Market […]

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) -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 […]