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BlackRock adds to key executive committee in talent shuffle, Financial Times reports
Reuters· 2025-09-16 20:01
Core Insights - BlackRock has expanded its strategic committee by adding 20 top executives, indicating a significant shift in its governance structure and decision-making process [1] Group 1 - The addition of these executives is aimed at enhancing the company's strategic direction and operational efficiency [1] - This move reflects BlackRock's commitment to adapting its leadership structure to better navigate the complexities of the asset management industry [1] - The expanded committee will play a crucial role in shaping the future strategies of the world's largest asset manager [1]
Oracle, Silver Lake consortium to control 80% stake in TikTok in US, WSJ reports
Reuters· 2025-09-16 19:59
TikTok's U.S. operations would be controlled by an investor consortium including Oracle , Silver Lake and Andreessen Horowitz, under a framework the U.S. and China are finalizing, the Wall Street Jour... ...
Union floats offer to end six-week Boeing Defense strike
Reuters· 2025-09-16 18:35
Striking workers at Boeing Defense will vote on Friday on a four-year contract proposed by their union in an effort to end a six-week strike, the International Association of Machinists and Aerospace ... ...
Microsoft seizes 340 websites linked to growing phishing subscription service
Reuters· 2025-09-16 18:06
Microsoft Inc said on Tuesday that it seized nearly 340 websites tied to a rapidly growing Nigerian-based service that allowed users to carry out phishing operations that stole at least 5,000 Microsof... ...
Nissan to shut design studios in US and Brazil and downsize London, Japan operations
Reuters· 2025-09-16 17:38
Nissan said on Tuesday it will close its design centers in California and São Paulo and scale back operations in London and Japan as part of a realignment of its global design organization. ...
US FDA warns Hims & Hers over misleading claims on diabetes, weight-loss drugs
Reuters· 2025-09-16 16:31
Core Point - The U.S. Food and Drug Administration has issued a warning letter to telehealth firm Hims & Hers Health concerning its compounded versions of Novo Nordisk's diabetes drug Ozempic and weight-loss treatment Wegovy [1] Company Summary - Hims & Hers Health is facing regulatory scrutiny from the FDA for its compounded medications related to popular diabetes and weight-loss treatments [1] Industry Summary - The telehealth industry is experiencing increased regulatory oversight, particularly regarding the compounding of pharmaceuticals, which may impact operational practices and compliance requirements [1]
Warner Bros Discovery to debut HBO Max in 14 Asia Pacific markets next month
Reuters· 2025-09-16 16:20
Warner Bros Discovery is set to launch its HBO Max streaming service in 14 new markets across the Asia Pacific on October 15, the media firm said on Tuesday. ...
United Airlines CEO rules out bid for Spirit assets
Reuters· 2025-09-16 15:59
Core Viewpoint - United Airlines CEO Scott Kirby announced that the company will not pursue a bid for the assets of bankrupt Spirit Airlines if they become available [1] Company Summary - United Airlines has made a clear decision regarding the potential acquisition of Spirit Airlines' assets, indicating a strategic choice to refrain from entering the bidding process [1]
Former Paramount chair Shari Redstone named chair of Israel-based production studio Sipur
Reuters· 2025-09-16 15:56
Media executive Shari Redstone has been named chair of Israel-based entertainment studio Sipur, which is behind the award-winning documentary "We Will Dance Again" and Netflix's "Bad Boy". ...
Air Canada says flight attendants' union requested cancellation of mediation
Reuters· 2025-09-16 15:14
Air Canada said on Tuesday the union representing its flight attendants has requested a cancellation of mediation after members voted against a wage agreement earlier this month. ...