(Reuters) – Comcast’s Mike Cavanagh named Universal’s film chief Donna Langley to an expanded role as chairman of NBCUniversal Studio Group and chief content officer with oversight of film and television content, according to a memo reviewed by Reuters on Thursday, in an overhaul of the media arm’s leadership ranks. Cavanagh, who has been running…
By Pablo Mayo Cerqueiro and Amy-Jo Crowley LONDON (Reuters) – Buyout houses including Blackstone Inc. and TPG Inc. are evaluating competing bids for a U.S. fund administrator, in a deal that may value the company at as much as $1.7 billion, two people familiar with the matter told Reuters. Boston, Massachusetts-based Standish Management, a service…
(Reuters) -U.S. President Joe Biden’s administration on Friday is expected to propose a new regulation cracking down on short-term health insurance plans, Politico reported, citing five Democrats with knowledge of the matter. Biden is due to deliver an announcement on healthcare cost savings on Friday. A White House official told Politico on Thursday that Biden…
By Manya Saini (Reuters) -U.S. bank stocks fell and a key regional index hit a near two-week low on Thursday amid lingering worries about the health of the lenders in the aftermath of the crisis in regional banks and ahead of second-quarter results that start next week. The KBW Regional Banking Index, which hit its…
By David Shepardson WASHINGTON (Reuters) -The U.S. Senate Commerce Committee plans to vote next week on President Joe Biden’s nominee for a key fifth seat on the U.S. Federal Communications Commission (FCC). Democrats have been stymied since 2021 from gaining a majority on the five-member telecommunications regulator. Anna Gomez, a Democratic telecommunications attorney, currently serves…
By Foo Yun Chee BRUSSELS (Reuters) -Amazon’s $1.7 billion acquisition of robot vacuum cleaner maker iRobot may reduce competition and strengthen Amazon’s position as online marketplace provider, EU antitrust regulators warned on Thursday. The European Commission opened a full-scale investigation and will decide by November 15 whether to clear or block the deal. “We continue…
OTTAWA (Reuters) – U.S. and Canadian authorities issued a joint advisory on Thursday warning about a widespread increase in the use of a type of malware called Truebot to target organizations in the two countries. “Cyber threat actors are using new variants of Truebot malware to exfiltrate large amounts of sensitive information for financial gain,”…
By Ananta agarwal (Reuters) – Small U.S. homebuilders are backing off from bringing more houses to the market, discouraged by a banking crisis-led credit squeeze and rising borrowing costs, industry experts said, exacerbating the shortage of new homes. The housing market, which is one of the biggest casualties of the fastest rate-hike cycle in the…
(Reuters) – Pfizer has invested $25 million to buy a minority stake in Caribou Biosciences, making it the latest small biotechnology firm to attract the pharmaceutical giant’s interest. The news lifted shares of Caribou more than 61% in early trade. Pfizer purchased nearly 4.7 million Caribou shares at $5.33 per share, Caribou said on Thursday,…
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits increased moderately last week, while private payrolls surged in June, suggesting that the labor market remained on solid ground despite growing risks of a recession. The reports on Thursday, which also suggested that laid-off workers were experiencing shorter spells…
