Business News
Disney to buy Fox film, TV businesses for $52 billion12/14/2017 4:01:22 PM - Walt Disney Co on Thursday agreed to buy film, TV and international assets from Rupert Murdoch's Twenty-First Century Fox Inc for $52.4 billion as Disney seeks greater scale to tackle growing competition from Netflix and Amazon.com.Stock futures up, eyes on Disney-Fox deal, bank stocks12/14/2017 4:17:56 PM - Wall Street was set for a slightly higher open on Thursday as traders focused on a $52.4 billion stock deal between Walt Disney and Twenty-First Century Fox and gains in shares of big banks.Republicans forge tax deal, final votes seen next week12/14/2017 2:54:39 PMWASHINGTON - Congressional Republicans reached a deal on final tax legislation on Wednesday, clearing the way for final votes next week on a package that would slash the U.S. corporate tax rate to 21 percent and cut taxes for wealthy Americans.Teva Pharm to lay off a quarter of workforce, suspends dividend12/14/2017 4:16:51 PMTEL AVIV - Teva Pharmaceutical Industries will cut its workforce by more than a quarter, give up many of its manufacturing plants and suspend its dividend on ordinary shares in a much-anticipated overhaul to help pay back its massive debt.Exclusive: EU regulators to clear Luxottica, Essilor deal without conditions - sources12/14/2017 4:09:50 PMBRUSSELS - Italy's Luxottica and French glasses group Essilor are set to win unconditional EU antitrust approval for their 48-billion-euro ($56.8 billion), two people familiar with the matter said on Thursday.Investors call on Sanderson, Denny's, McDonald's to cut antibiotics12/14/2017 2:52:11 PM - An investor coalition that presses for corporate responsibility is calling on U.S. food companies McDonald's Corp, Denny's Corp and Sanderson Farms Inc to stop buying or producing meat raised with medically important antibiotics.South Korea prosecutors seek four-year jail term for Lotte group chief12/14/2017 10:28:19 AMSEOUL - South Korea's prosecutors are seeking a four-year jail term and a fine of 7 billion won ($6.44 million) for Lotte Group chief Shin Dong-bin over a bribery scandal involving former President Park Geun-hye and her close friend Choi Soon-shil, a Lotte spokesman said on Thursday.UK retailers enjoy bumper Black Friday sales12/14/2017 1:49:45 PMLONDON - British shoppers pounced on electrical goods and other Black Friday bargains last month, giving an unexpectedly big boost to retail sales, which contrasted with earlier signs of a subdued start to Christmas spending.Siemens CEO sees group as 'fleet of ships': Manager Magazin12/14/2017 3:05:17 PMMUNICH - Siemens' chief executive sees the German group as a "fleet of ships", each thriving under its own steam, but rejects the idea of separate listings for its core factory-automation and energy businesses, he told Manager Magazin.Norwegian Air ramps up transatlantic fare war with four new routes12/14/2017 2:59:32 PMNEW YORK - Norwegian Air Shuttle ASA will start flying four new routes between the United States and Europe, the budget carrier said on Thursday, rapidly expanding its low-cost transatlantic flights and increasing pressure on established carriers.