Town Hall News

(Reuters) -A federal judge on Monday temporarily stopped bankrupt Voyager Digital from completing a proposed $1.3 billion sale to crypto exchange Binance.US, allowing the U.S. government more time to pursue appeals that challenge the legality of the deal. The U.S. Attorney’s Office for the Southern District of New York and the Office of the U.S. Trustee, the Department of Justice’s (DOJ) bankruptcy watchdog, filed appeals in early March over a […]

By Nivedita Balu (Reuters) -Lyft Inc said on Monday founders Logan Green and John Zimmer would step down as CEO and president, with board member David Risher taking on the top role as the ride-hailing firm struggles to keep up with bigger rival Uber. Risher, a former Amazon and Microsoft executive, ran non-profit Worldreader for over a decade before joining Lyft’s board in 2021.  The change of guard at Lyft […]

(Reuters) – A fire that erupted at an industrial complex in Dayton, Ohio, over the weekend badly damaged an airplane factory built by the Wright Brothers in the years after their historic first successful flight in 1903, officials said. The blaze broke out in the early morning hours on Sunday and ripped through the property before firefighters could extinguish the flames. “We are deeply saddened by the fire that damaged […]

By Dan Peleschuk KYIV (Reuters) – Ukraine shut the eastern town of Avdiivka to non-military personnel on Monday, describing it as a post-apocalyptic wasteland, as Kyiv tried to break the back of Russia’s flagging winter offensive before a counter-assault of its own. A Ukrainian general said Kyiv was planning its next move after Moscow appeared to shift focus from the small city of Bakhmut, which Russia has failed to capture […]

By Scott Murdoch and Mehnaz Yasmin (Reuters) – U.S. regulators said on Monday they would backstop a deal for regional lender First Citizens BancShares to acquire failed Silicon Valley Bank, triggering an estimated $20 billion hit to a government-run insurance fund. The deal comes after the Federal Deposit Insurance Corporation (FDIC) took over Silicon Valley Bank on March 10 after depositors rushed to pull out their money in a bank […]

By Susan Mathew, Amruta Khandekar and Pete Schroeder (Reuters) – Regional U.S. lender First Citizens BancShares scooped up the assets of failed peer Silicon Valley Bank on Monday, in a vote of confidence for the battered banking sector that prompted a rally in bank shares. SVB’s collapse this month was the trigger for the worst banking shock since the 2008 global financial crisis, sending bank stocks globally on a wild […]

(Reuters) – Ukrainian President Volodymyr Zelenskiy told the head of the U.N. nuclear watchdog agency that safety at the Zaporizhzhia nuclear power station nL1N35Z2KR could not be guaranteed until Russian troops left the facility. The president said Moscow was using the plant “for radiation blackmail of the world.” BATTLEFIELD AND MILITARY AID * President Volodymyr Zelenskiy met troops in southeastern Ukraine during his tour of frontline regions nL1N35Z0XA. * Two […]

(Reuters) -A federal judge on Monday temporarily stopped bankrupt Voyager Digital from completing a proposed $1.3 billion sale to crypto exchange Binance.US, allowing the U.S. government more time to pursue appeals that challenge the legality of the deal. The U.S. Attorney’s Office for the Southern District of New York and the Office of the U.S. Trustee, the Department of Justice’s (DOJ) bankruptcy watchdog, filed appeals in early March over a […]

(Reuters) -A federal judge on Monday temporarily stopped bankrupt Voyager Digital from completing a proposed $1.3 billion sale to crypto exchange Binance.US, allowing the U.S. government more time to pursue appeals that challenge the legality of the deal. The U.S. Attorney’s Office for the Southern District of New York and the Office of the U.S. Trustee, the Department of Justice’s (DOJ) bankruptcy watchdog, filed appeals in early March over a […]