Business

Comcast to acquire Sky for $39 billion following bidding war

The fierce bidding battle over Sky has come to a close — Comcast has successfully outbid 21st Century Fox to acquire the UK media giant for $39 billion. It clinched the deal following an unusual blind auction through the UK's Takeover Panel, which…

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Comcast outbids 21st Century Fox for Sky

Comcast outbid 21st Century Fox and its powerful backer, Disney, on Saturday in an auction for control of European broadcaster Sky.

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Comcast outbids Fox with $39 billion offer for Sky in auction

Comcast beat Rupert Murdoch’s Twenty-First Century Fox in the battle for Sky after offering around 30 billion pounds ($39 billion) for the British broadcaster in a rare auction to decide the fate of the pay-television group.

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Amazon wants Alexa everywhere

Amazon won’t make massive amounts of money off of its new $60 Alexa-controlled microwave. Or the Alexa controlled wall clock that only sets timers. In fact, making a profit from its growing selection of Alexa and Echo devices may be beside the point.

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China cancels trade talks with U.S. as tariff threats escalate: WSJ

China has canceled upcoming trade talks with the United States and will not send vice-premier Liu He to Washington next week, the Wall Street Journal reported, citing sources.

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How One Small Marketing Change Made A Big Difference For 7 Executives

Content marketing experts share how one small change sparked a significant shift in their business.

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The final battle for Sky is underway

An extended takeover battle involving three of the world’s most powerful media companies is culminating in the most dramatic way imaginable: An auction.

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Mexico will seek deal with Canada if NAFTA talks fail: Lopez Obrador

Mexico’s incoming government will pursue a bilateral deal with Canada if talks to overhaul the North American Free Trade Agreement falter, Mexican president-elect Andres Manuel Lopez Obrador said on Friday.

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United Airlines pilots resist contract changes over regional routes

United Airlines pilots said they refuse to budge on the wording of their contract governing the outsourcing of regional flights.

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Lehman Brothers workers share memories 10 years after the fall

Ex-employees of Lehman Brothers Holdings Inc met at Irish pubs near their former office in Midtown Manhattan on Thursday night to reminisce 10 years after the bank’s collapse, in gatherings with the atmosphere of high school reunions despite marking the largest failure of the financial crisis.

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Volume spikes on sector reshuffle, quadruple witching

An overhaul of Wall Street’s technology and media sectors coincided with the quarterly expiration of futures and options, bringing a burst of volume to trading late on Friday that could continue in the days that follow.

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As new iPhones go on sale, studies reveal chips from Intel and Toshiba

Apple Inc’s latest iPhones hit stores around the world on Friday, featuring components made by Intel Corp and Toshiba among others, according to two firms that cracked open the iPhone Xs and Xs Max models.

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Streaming accounts for 75 percent of music industry revenue in the US

The Recording Industry Association of America (RIAA) has released music industry revenue statistics for the first half of 2018 in the US, and on average, revenue growth has slowed. While overall revenue was up 10 percent compared to the same time las…

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Dow hits new closing high ahead of index reshuffle

Industrials led the Dow to a new closing high on Friday ahead of Monday’s major sector reshuffle, capping a week that largely shrugged off trade worries.

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General Electric says blade problem affects more gas turbines

General Electric Co said on Friday that turbine blade oxidation which forced Exelon Corp to idle four electric power units in Texas also affects another model, widening the impact of the latest problem to hit GE’s ailing power unit.

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Walmart discriminated against pregnant workers, federal agency says

A federal agency is suing Walmart for discriminating against pregnant employees.

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Blackstone looks to manage $1 trillion by 2026

Blackstone Group LP , the world’s largest manager of alternative investments such as private equity and real estate, said on Friday it could be overseeing $1 trillion in assets by 2026.

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Nasdaq says Nordic trader whose deals went sour agrees to sell personal assets

Nasdaq’s Nordic commodities exchange has reached agreement on the sale of assets belonging to a private trader who defaulted on his commitments last week, it said on Friday.

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Adviser says U.S. close to Mexico-only NAFTA deal, Canada unmoved

The United States is getting “very, very close” to having to move forward on its trade deal with Mexico without Canada, White House economic adviser Kevin Hassett said on Friday.

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The disappearing White House press briefings explained

The daily White House press briefing is no longer routine. In fact, reporters can’t even count on one weekly anymore. So far this month, there has only been one press briefing in total.

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