CBS, Viacom reunite with plans for bigger role in streaming TV wars
CBS Corp and Viacom Inc have reached a deal to reunite media mogul Sumner Redstone’s U.S. entertainment empire, betting that a larger company will be able to compete and partner better in a media industry dominated by giants.
Factbox: Merged CBS and Viacom aim to join U.S. media big league
CBS Corp and Viacom Inc on Tuesday reached a deal to reunite media mogul Sumner Redstone’s U.S. entertainment empire after 13 years apart.
Google, Facebook, Amazon to testify in U.S. against French digital tax
Alphabet Inc’s Google unit, Facebook Inc and Amazon.com Inc are among the companies that will testify Monday at a U.S. government hearing on the French government’s digital services tax.
Trump delays tariffs on Chinese cellphones, laptops, toys; markets jump
U.S. President Donald Trump on Tuesday backed off his Sept. 1 deadline for 10% tariffs on remaining Chinese imports, delaying duties on cellphones, laptops and other consumer goods, in the hopes of blunting their impact on U.S. holiday sales.
U.S. FTC chief says regulator is prepared to break up big tech firms: Bloomberg
The U.S. Federal Trade Commission is prepared to break up major technology companies if necessary by undoing past mergers, Chairman Joe Simons said in an interview with Bloomberg published on Tuesday, as the regulator probes anti-competitive practices …
U.S. SEC to consider new guidance on investor use of proxy advisors
The U.S. Securities and Exchange Commission (SEC) on Tuesday said it would hold a meeting next week on whether to publish new guidance regarding the responsibilities of investors when relying on so-called proxy advisors.
Tech leads Wall Street higher as tariff delay sparks rally
U.S. stocks closed higher on Tuesday after an announced delay of planned tariffs on some Chinese imports brought buyers back to the equities market in a broad-based rally.
Shares, dollar rebound on thaw in U.S.-China trade war
U.S. and European stocks jumped, the dollar strengthened and Treasury yields rose on Tuesday after the United States said it would delay tariffs on some Chinese products, easing concerns that a protracted trade war would harm global growth.
ViacomCBS is just the beginning of Shari Redstone’s media deals
More than two months before CBS Corp and Viacom Inc succeeded at a third attempt to recombine, controlling shareholder Shari Redstone had already decided the new company needed to get bigger.
Facebook paid contractors to transcribe users’ audio: Bloomberg
Facebook Inc has been paying outside contractors to transcribe audio clips from users of its services, Bloomberg reported on Tuesday, citing people familiar with the matter.
