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- How Remote Work Has Helped a Generation of Working Parents
Post-pandemic, a new openness to accommodating family needs has made it possible for more mothers and fathers to balance work and parenting — particularly mothers of young children. [TheTopNews] Read More.2 hours ago - Colby College Is Stepping In to Save a Maine Town on the Brink of DisasterA new rescuer — Colby College, bankrolled by a construction magnate — will vastly change not just the economics of Port Clyde, Maine, but also its cultural and physical fabric. [TheTopNews] Read More.6 hours ago
- Ubisoft co-founder Claude Guillemot killed in plane crash that claimed 2 lives: ...
Claude Guillemot, the co-founder of French video game giant Ubisoft, died Friday in a plane crash in La Baule, the company confirmed to Reuters.Guillemot, 69, was one of two people aboard a twin-engine Cessna 421 plane, both of whom died in the wreck, according to a report from local newspaper Ouest-France.The French Atlantic coast town had a planned air show over the weekend, according to the outlet.ROBLOX CEO SAYS CHILD SAFETY IS INDUSTRY-WIDE ISSUE, PLANS TOOLS TO KEEP BAD ACTORS OFF PLATFORMIn a statement provided to Reuters on Saturday, Ubisoft said it was "deeply saddened to learn of the death of Claude Guillemot, co-founder of the group and chairman of Guillemot Corp."According to Ubisoft’s website, Guillemot, along with his four other brothers, founded Ubisoft in 1986.Guillemot worked behind the scenes and played a pivotal role in advancing the original mail-order software business, Reuters reported.EPIC GAMES CUTS 1,000 JOBS AS FORTNITE 'MAGIC' FADES IN 'EXTREME' MARKET CONDITIONSOne of Guillemot’s brothers, Yves, currently serves as CEO of the gaming powerhouse.Under Yves' ongoing leadership of more than 30 years, the brothers' early strategy of nurturing in-house talent and developing original brands has driven the company’s success amid tech disruptions and industry transformations, according to Ubisoft’s website."Our thoughts are with his family and loved ones during this difficult time," the company told Reuters.CLICK HERE TO GET FOX BUSINESS ON THE GOUbisoft did not immediately respond to FOX Business' request for comment. [TheTopNews] Read More.10 hours ago - Dem senators urge FCC to pause Paramount-Warner Bros Discovery merger over forei...Three Democratic senators have urged the Federal Communications Commission (FCC) to put the Paramount-Warner Bros. Discovery merger on pause over concerns about foreign investors controlling what would be one of the largest media companies in the United States.In a joint letter to FCC Chairman Brendan Carr, Sens. Cory Booker, D- N.J., Adam Schiff, D-Calif., and Elizabeth Warren, D-Mass., demanded he "must foreclose any attempt by Paramount to close this transaction" before an adequate review of the involved foreign investors is completed.The lawmakers said the FCC must conduct this review to evaluate possible "national security threats posed by foreign government investment" in the $110 billion entity. If approved, the merger would bring CNN and CBS News under one corporate owner, further consolidating the news media landscape.Paramount, led by CEO David Ellison, acknowledged in an April financial disclosure cited by the senators that foreign ownership in the new corporation will rise to "approximately 49.5 percent." In that document, Paramount also said that all voting rights will be "controlled by the Ellison family through U.S. entities."WARNER BROS DISCOVERY SHAREHOLDERS APPROVE PARAMOUNT SKYDANCE DEALThe document revealed that Saudi Arabia's public investment fund and various entities based in the United Arab Emirates and Qatar would be equity holders.Paramount told the FCC in April that this arrangement would not present "any national security, law enforcement, or foreign or trade policy concerns."The senators want a more rigorous check of what this level of foreign ownership would mean, telling Carr in their letter that he should not take the Ellison family's statements "at face value."They argued that the FCC should reject Paramount's petition for preemptive approval. Under Section 310 of the 1934 Communications Act, foreign individuals, companies and governments are generally prohibited from owning more than 25% of a U.S.-based firm that has an FCC-issued broadcast license.CHRISTIANE AMANPOUR POINTS TO ‘HEMORRHAGING’ AT CBS TO WARN OF DAVID ELLISON'S POTENTIAL TAKEOVER AT CNNBooker, Schiff and Warren gave Carr a July 1 deadline to notify Paramount that the deal cannot close until the foreign investment review is completed.The FCC's pending approval is the largest regulatory hurdle in the way of the merger. The Department of Justice signaled last week it would not challenge Paramount's bid to acquire Warner Bros.The DOJ's antitrust division concluded after an eight-month review that "the transaction is not likely to result in harm to competition or American consumers" with regard to on-demand streaming, linear television and… [TheTopNews] Read More.18 hours ago
- SNAP restrictions could change what shoppers buy — and food giants are watchin...
SNAP food restrictions are spreading to more states, pressuring major food and beverage as consumers shift spending away from soda, candy and processed foods. [TheTopNews] Read More.21 hours ago - Money Box
Civil service pensioners face further delays to payments. [TheTopNews] Read More.21 hours ago
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