Town Hall News

By Abigail Summerville (Reuters) – Bleach maker Clorox Co has been seeking to divest its vitamins, minerals and supplements (VMS) business after efforts to scale it led to major losses, according to four people familiar with the situation. The VMS business represents just 3% of Clorox’s total net sales, yet in 2021 it forced it to take a $267 million writedown, equivalent to 57% of its most recent annual net […]

LONDON (Reuters) -Britain’s competition regulator said Microsoft’s 69-billion purchase of “Call of Duty” maker Activision Blizzard would not harm competition in gaming consoles, removing a major obstacle to the deal. In findings based on new evidence, the Competition and Markets Authority said on Friday that it would not make financial sense for Microsoft to make “Call of Duty” exclusive to its Xbox console, and it would instead still have the […]

By Sarah N. Lynch WASHINGTON (Reuters) -Donald Trump’s attorney Evan Corcoran appeared on Friday before a federal grand jury investigating the former U.S. president’s retention of classified documents after he left the White House in January 2021. Corcoran and his attorney Michael Levy entered the federal courthouse in Washington and went to the third floor where the grand jury typically meets. Special Counsel Jack Smith is leading the Justice Department’s […]

By Joice Alves LONDON (Reuters) – The euro and sterling fell sharply against a strengthening dollar on Friday amid nervousness over banks, with better-than expected economic data failing to lift sentiment. Banking stocks plunged in Europe with heavyweights Deutsche Bank and UBS Group pummelled by worries that the worst problems to hit the sector since the 2008 financial crisis have not yet been contained. Better-than-expected flash Purchasing Managers’ Index (PMI) […]

WASHINGTON (Reuters) – Donald Trump’s attorney Evan Corcoran appeared on Friday before a federal grand jury investigating the former U.S. president’s retention of classified documents after he left the White House in January 2021. (Reporting by Sarah N. Lynch; Editing by Doina Chiacu) Brought to you by www.srnnews.com

By Joice Alves LONDON (Reuters) – The euro and sterling fell sharply against a strengthening dollar on Friday amid nervousness over banks, with better-than expected economic data failing to lift sentiment. Banking stocks plunged in Europe with heavyweights Deutsche Bank and UBS Group pummelled by worries that the worst problems to hit the sector since the 2008 financial crisis have not yet been contained. Better-than-expected flash Purchasing Managers’ Index (PMI) […]

SEOUL (Reuters) – South Korean battery giant LG Energy Solution Ltd is in talks with Toyota Motors Corp to supply electric vehicle (EV) batteries, LGES Chief Executive Officer said on Friday. When asked about the negotiation progress with Toyota, LGES Chief Executive Officer Kwon Young Soo said that it has been going well. “We are discussing the way of cooperation,” Kwon told reporters after an annual shareholders meeting. In October, […]

By Krystal Hu and Stephen Nellis (Reuters) – Databricks, a San Francisco-based startup last valued at $38 billion, on Friday released open-source code that it said companies could use to create their own chatbots along the lines of OpenAI’s ChatGPT. The code is an AI model, an algorithm that is trained on sets of data and can then learn from new data to perform a variety of tasks. Databricks CEO […]

SHANGHAI (Reuters) -Chinese smartphone maker Xiaomi Corp on Friday reported a record drop in fourth-quarter revenue as the company weathered a slowdown in consumption and disruptions due to China’s COVID-19 curbs. Early signs suggest China’s economy will only rebound slowly, as consumers remain cautious about spending money despite an easing of restrictions on domestic and international travel. Xiaomi group president Lu Weibing, speaking on a company earnings call, said China’s […]