(Reuters) -The asset management arm of U.S. insurer giant MetLife has agreed to buy PineBridge Investments from Hong Kong billionaire Richard Li’s Pacific Century Group (PCG) in a deal valued at up to $1.2 billion, the companies said on Monday. The acquisition will enable MetLife to expand its asset management capabilities, reflecting an emerging trend…
(Reuters) – Elon Musk-owned X raised the price of its premium-plus plan in several markets from Dec. 21 as the social media company looks to boost payment for creators on its platform. The top-tier plan is now priced at $22 a month in the U.S., up from $16 earlier, according to a blog post. Prices…
By Foo Yun Chee BRUSSELS (Reuters) – Alphabet’s Google’s proposed changes to its search results to comply with EU tech legislation has received the thumbs up from lobbying group Airlines for Europe whose members include Air France KLM and Lufthansa. Google has announced a series of changes in search result formats in recent months following…
By Nora Eckert and David Shepardson DETROIT (Reuters) – Ford Motor Co is donating $1 million and a fleet of vehicles to U.S. President-elect Donald Trump’s January inauguration, a company spokesperson said on Monday. Policies on tariffs and electric vehicles that are being considered by the incoming administration would likely affect Detroit carmakers like Ford,…
By Alexandra Alper WASHINGTON (Reuters) -Nippon Steel alleges the White House had “impermissible undue influence” over a national security review of its $14.9 billion bid for U.S. Steel and threatened legal action if the deal is blocked. The accusation was made in a Dec. 17 letter, signed by counsel for Nippon Steel and U.S. Steel…
By Jody Godoy (Reuters) -Alphabet’s Google proposed on Friday a loosening of its agreements with Apple and others to set Google as the default search engine on new devices, in a bid to address a U.S. ruling that it unlawfully dominates online search. The proposal is much narrower than the government’s push to make Google…
KYIV (Reuters) – Ukraine’s air defences downed 52 of the 103 Russian drones launched overnight, the Ukrainian military said on Sunday. The military said on Telegram that it had lost track of 44 drones, and another had left the territory of Ukraine to Belarus. The military gave no information on the fate of the remaining…
By Bhanvi Satija (Reuters) -The U.S. Food and Drug Administration on Friday approved Eli Lilly’s weight-loss treatment, Zepbound, for obstructive sleep apnea, making it the first drug greenlighted to directly treat patients with the common sleeping disorder. The regulator approved the drug for moderate to severe obstructive sleep apnea in adults with obesity, the company…
By Sheila Dang and Krystal Hu (Reuters) – U.S. billionaire businessman Frank McCourt is crafting a fundamental overhaul of TikTok’s business model as part of a plan to bid for the Chinese-owned short-form video app, he told Reuters. McCourt, who formerly owned the Los Angeles Dodgers baseball team, said he has received verbal funding commitments…
NEW YORK (Reuters) – FIFA and Netflix have signed a deal to broadcast the 2027 and 2031 editions of the Women’s World Cup in the United States, world soccer’s governing body said on Friday. FIFA said the Women’s World Cup will be the first competition to be acquired in full by Netflix and U.S.-based fans…
