(Corrects syntax in headline) (Reuters) – NBCUniversal’s head of advertising, Linda Yaccarino, is in talks to become the new CEO of Twitter, the Wall Street Journal reported on Thursday, citing people familiar with the situation. (This story has been refiled to capitalize ‘Twitter’ in the headline) (Reporting by Urvi Dugar in Bengaluru; Editing by Shinjini…
By Dietrich Knauth NEW YORK (Reuters) – SVB Financial, the bankrupt former parent of failed Silicon Valley Bank, said on Thursday the U.S. Federal Deposit Insurance Corporation must release $10 million in tax refund checks owed to the company, escalating a dispute over the agency’s efforts to seize assets in the wake of the bank’s…
(Reuters) -Binance.US and Changpeng Zhao, the crypto exchange’s founder and majority owner, have been exploring ways to reduce his stake in the company, the Information reported on Thursday, citing two people familiar with the matter. Zhao, who is also the CEO of Binance – the world’s biggest crypto exchange, has been trying to sell at…
By Caroline Valetkevitch NEW YORK (Reuters) – The Dow and the S&P 500 ended lower on Thursday, dragged down by Walt Disney Co as it lost subscribers, while PacWest led declines in regional banks after posting a drop in deposits. Lifting the Nasdaq, shares of Alphabet Inc rose 4.3%, a day after Google rolled out…
SAO PAULO (Reuters) – Brazilian planemaker Embraer SA said on Thursday it will sell up to 250 units of its Praetor 500 aircraft to Berkshire Hathaway’s NetJets Inc in a deal valued at $5 billion, via an agreed options plan. Netjets, a U.S. company that offers shared ownership of private business jets, will start receiving…
By Pete Schroeder WASHINGTON (Reuters) -Large U.S. lenders will bear most of the cost of replenishing a deposit insurance fund that was drained of $16 billion by the collapse of Silicon Valley Bank and two other lenders, although mid-sized banks will also be on the hook, the Federal Deposit Insurance Corporation (FDIC) said on Thursday….
(Reuters) -Canada’s second-biggest life insurer Sun Life Financial Inc on Thursday beat analysts’ estimates for first-quarter profit, powered by strong insurance sales at home and in the United States. Chief Executive Officer Kevin Strain said the insurer generated “strong growth in both health and protection sales,” as consumers prioritized health and financial security. Sun Life…
WASHINGTON (Reuters) – CIA Director William Burns on Thursday announced the appointment of the former head of the U.S. Navy’s sexual assault prevention program as part of a new effort to improve how the premier U.S. spy agency deals with sexual assault and harassment allegations. The moves follow a U.S. Senate intelligence committee letter in…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets look poised to end the week on a nervous note on Friday, after soft U.S. and Chinese data stoked worries about the global economy and ensured a jittery day on world markets on Thursday. The main…
(Reuters) – Southwest Airlines Co pilots’ union said on Thursday its members had approved a strike mandate by an overwhelming majority ahead of the busy summer travel season. The Southwest Airlines Pilots Association (SWAPA), which represents 10,000 pilots of the Dallas-based carrier, said 98% of its members participated in the vote and 99% voted in…
