Fox chose Disney over Comcast on regulatory, stock fears: filing Rupert Murdoch’s Twenty-First Century Fox Inc (FOXA.O), which agreed in December to sell most of its assets to Walt Disney Co (DIS.N) for $52.4 billion, had previously rejected a bid from Comcast Corp (CMCSA.O) over concerns about the regulatory risks […]
Latest Business News USA
As GM mulls options for unit, how does bankruptcy work in South Korea? General Motors (GM.N) has said its loss-making South Korean operation would file for bankruptcy if its union failed to agree to cut labor costs by Friday, heaping pressure on workers and the South Korean government to approve […]
Oil at fresh highs on Saudi seeking price hike, U.S. stocks draw Oil prices rose on Thursday to their highest since late 2014 as U.S. crude inventories declined, moving closer to five-year averages, and after sources told Reuters top exporter Saudi Arabia is seeking to push oil prices higher. .Brent […]
Commodities rocket on $100 oil talk, metals stress Talk that Saudi Arabia has its sights on $80-$100 a barrel oil again ignited a fierce rally in commodities and resource stocks on Thursday, though the potential boost to inflation globally put some pressure on fixed-income assets. It was set to be […]
Opel CEO says German costs twice those of other plants: source Some of Opel’s German plants cost twice as much to run as new French owner PSA Group’s (PEUP.PA) other factories, Opel’s chief executive told employees as the company tries to hammer out an effiency deal with labor leaders in […]
IBM first-quarter margins miss estimates, shares fall International Business Machines Corp (IBM.N) posted profit margins that fell short of Wall Street expectations on Tuesday, a sign that its reinvention was taking time. Shares of the technology company fell 6 percent in after-hours trade even as it reported the second quarter […]
AT&T subsidiary DirecTV asks to be dropped from antitrust case DirecTV, the biggest U.S. pay TV company and a subsidiary of AT&T, asked a federal court on Tuesday to drop it from the lawsuit that the government filed to stop AT&T from buying movie and TV production company Time Warner. […]
Ford expands U.S. medical ride business built around its vans Ford Motor Co (F.N) said on Wednesday that it was expanding a medical transport service called GoRide in Southeast Michigan, one of several efforts by the U.S. automaker to build new ride service businesses around its Transit commercial van Under […]
China’s ZTE may lose Android license as U.S. market woes build Chinese smartphone maker ZTE Corp’s U.S. woes deepened on Tuesday, as regulators proposed new rules that could cut into its sales, while a supply ban means it may not be able to use Android software in its devices, according […]
Facebook says users must accept targeted ads even under new EU law Facebook Inc (FB.O) said on Tuesday it would continue requiring people to accept targeted ads as a condition of using its service, a stance that may help keep its business model largely intact despite a new European Union […]
