(Reuters) - Australian pay television company Foxtel, controlled by the Murdoch family and partly by local telecom firm Telstra ( TTRAF ), has been put up for sale post third-party interest and a strategic review, owner News Corp ( NWSA ) said on Thursday. Foxtel, which recently launched streaming service Hubbl, is 65% owned by News Corp ( NWSA ),...

Aug 9 (Reuters) - Australia's QBE Insurance Group ( QBEIF ) on Friday reported a more than twofold jump in its first-half profit, boosted by higher gross written premiums, and announced reinsurance deals to de-risk exposure to its reserves. The company's gross written premiums grew 2% to $13.05 billion for the first half of fiscal 2024. Higher interest rates during...

NEW YORK (Reuters) - Recursion Pharmaceuticals ( RXRX ), a biotech firm which uses artificial intelligence to discover new drug candidates, has agreed to buy smaller rival Exscientia ( EXAI ) for $688 million in an all-stock deal, according to a statement seen by Reuters. The deal, which is expected to be announced as early as Thursday morning, comes as...

(Reuters) - Moody's downgraded Intel's ( INTC ) senior unsecured rating on Thursday to BAA1 from its earlier A3 rating, citing concerns about the chipmaker's profitability. The unsecured ratings outlook has been changed to negative from stable, Moody's said. It affirmed Intel's ( INTC ) Prime-2 short-term commercial paper rating. The downgrade, coupled with a change in outlook to negative,...