F.T.C. Said to Be Investigating YouTube Over Child Privacy Claims
MOUNTAIN VIEW, Calif. — The Federal Trade Commission is in advanced stages of an investigation into YouTube’s handling of videos aimed at children, according to two people with knowledge of the inquiry.The investigation, which could result in fines against YouTube, comes after complaints by parents and consumer groups that the video giant had collected...
Deutsche Bank Faces Criminal Investigation for Potential Money-Laundering Lapses
Federal authorities are investigating whether Deutsche Bank complied with laws meant to stop money laundering and other crimes, the latest government examination of potential misconduct at one of the world’s largest and most troubled banks, according to seven people familiar with the inquiry.The investigation includes a review of Deutsche Bank’s...
Black Superstars Pitch Adidas Shoes. Its Black Workers Say They’re Sidelined.
In the United States, Adidas has built much of its name — and sales — through its association with black superstars. In the 1980s, the seminal hip-hop group Run-DMC gave the company’s sneakers and apparel cultural cachet through its song “My Adidas.” Popular black athletes and entertainers like James Harden, Candace Parker and Kanye West endorse...
Netflix picks up Lin-Manuel Miranda's directorial debut film 'Tick, Tick'
June 19 (UPI) -- Netflix said Wednesday it has acquired the worldwide rights to Lin-Manuel Miranda's film adaptation of the musical, Tick, Tick... Boom! The project marks the screen directorial debut for Miranda, who is famous for creating and starring in the Broadway musicals In the Heights and Hamilton. Miranda also headlined New York City Center's...
Kevin Costner's 'Yellowstone' renewed for Season 3
June 19 (UPI) -- Paramount Network ordered a 10-episode, third season of Yellowstone, the network announced Wednesday. Season 2 of the contemporary western starring Kevin Costner is scheduled to premiere Wednesday night. The ensemble also includes Wes Bentley, Kelly Reilly, Luke Grimes, Cole Hauser and Gil Birmingham. The show about a multi-generational...
In photos: On the runway at Men's Paris Fashion Week
[unable to retrieve full-text content] Designers present their men's fashion collections for spring and summer 2020 in Paris June 18-23, 2019.Read More
THL to buy AutoStore
Thomas H. Lee Partners has agreed to acquire AutoStore, a Norwegian robotics and software company. No financial terms were disclosed. According to terms of the deal, EQT will retain a minority stake in the company. Morgan Stanley provided financial advice to THL. The transaction is expected to close during the third quarter of this year.Read More
Revelstoke raises over $437 mln for sophomore fund
Revelstoke Capital Partners has raised over $437 million for its second fund, according to an SEC filing. No target was listed in the document. The Denver-based private equity firm invests in healthcare and related business services.Read More
Sequoia Capital India collects $694.5 mln for sixth fund
Sequoia Capital India has raised $694.5 million for its sixth fund, according to an SEC filing. No target was listed in the document.Read More
Bitwise Industries racks up $27 mln
Fresno, California-based Bitwise Industries, a tech ecosystem, has raised $27 million in Series A financing. Kapor Capital and New Voices Fund led the round.Read More
Fed Holds Rates Steady but Opens Door to a Cut
WASHINGTON — Federal Reserve officials left interest rates unchanged at their June meeting but opened the door to a cut if President Trump’s trade fight intensified and risks to the American economy increased.While the Fed still expects a strong labor market and inflation near its goal, “uncertainties about this outlook have increased,” according...
Star Mountain raises about $250 mln for third US direct lending fund
Star Mountain Partners has raised about $250 million for its third U.S. lower middle-market, non-sponsor-focused direct lending fund, inclusive of separate accounts, a source said. Fund III is targeting $500 million. The third fund already has 11 direct loans closed with an active pipeline focused on $3 million to $20 million Ebitda size companies that...
Fed Holds Rates Steady but Cracks Open the Door to a Cut
WASHINGTON — Federal Reserve officials left rates unchanged at their June meeting but signaled that they were prepared to cut if trade tensions worsen and risks to the American economy intensify.While the Fed still expects a strong labor market and inflation near its goal, “uncertainties about this outlook have increased,” according to the central...
Five NY1 Anchorwomen Sue Cable Channel for Age and Gender Discrimination
Five anchorwomen at NY1, one of the country’s most prominent local news channels, sued the network on Wednesday over age and gender discrimination, alleging a systematic effort by managers to force them off the air in favor of younger, less experienced hosts.The suit, filed in Federal District Court in Manhattan, portrays a newsroom at odds with the...
Wynnchurch buys MPL
Wynnchurch Capital has acquired Fairland, Indiana-based MPL, a provider of cultured marble products for the hospitality and multifamily housing markets. No financial terms were disclosed.Read More
Ideaship invests in WAVE
Westport, Connecticut-based WAVE, an aquatic safety startup, has secured an undisclosed amount of seed funding. The backer was Ideaship. Read More
Defendify cobbles together $1.6 mln
Defendify, a cybersecurity startup, has secured $1.6 million in funding. The investors included Maine Technology Institute and 3dot6 Ventures.Read More
Coplex amasses $2.5 mln
Phoenix-based Coplex, a venture builder, has secured $2.5 million in funding. Coplex's investors include family offices DFE and AZ Crown.Read More
Whitebox reels in $5 mln Series A
Baltimore-based Whitebox, an ecommerce automation and fulfillment technology company, has secured $5 million in Series A financing. TDF Ventures.Read More
Union Square Advisors adds two to team
Union Square Advisors has named Michael Meyer as a partner and head of capital structure advisory in its New York office. Also, USA has appointed Emily Todd Anderson as director and head of sponsor coverage.Read More