Zell, other former Tribune executives reach $200 million settlement over LBO
Real estate billionaire Sam Zell and other former officers and directors of Tribune Co have reached a $200 million settlement resolving allegations of fraudulent transactions related to the media company’s disastrous 2007 leveraged buyout.
Trump says he is sure Hong Kong and China ‘will be able to work it out’
U.S. President Donald Trump said on Wednesday he was sure China and Hong Kong would be able to “work things out” after mass protests in the city against an extradition bill that would allow people to be sent to mainland China for trial.
Comcast to double spending at Sky on European original programs
Comcast Corp will more than double its investment in European original programming and start an in-house studio at its European unit Sky after Sky’s success with the mini-series “Chernobyl,” the company said on Wednesday.
Exclusive: Renault chairman weakened as Macron snubs meeting – sources
French President Emmanuel Macron has turned down a request to meet Renault chairman Jean-Dominique Senard, who is furious over the government’s interference at the carmaker, sources told Reuters, raising questions over Senard’s future.
U.S. pet doctors steel themselves for online pharmacy challenge
A David and Goliath battle is brewing in the business of selling prescription medicines for pets, pitching veterinarians against online giants moving into this lucrative corner of the growing market for animal supplies.
Trade tensions push Wall St. lower, rate cut hopes limit losses
Wall Street’s main indexes dipped on Wednesday over worries of a prolonged U.S.-China trade war after Washington toughened its stance, but losses were cushioned by a muted reading on inflation that backed the case for an interest rate cut.
American Airlines CEO sees Boeing 737 MAX flying by mid-August
The grounded Boeing Co 737 MAX is “highly likely” to be flying by mid-August, American Airlines Group Inc Chief Executive Doug Parker told shareholders on Wednesday.
Trump says he is sure Hong Kong, China will be able to work things out
U.S. President Donald Trump said on Wednesday he is sure China and Hong Kong will be able to work things out after mass protests against an extradition bill that would allow people to be sent to mainland China for trial descended into chaos.
Patent guidelines put tech firms, carmakers on collision course
Rival proposals for European patent guidelines covering technology vital for building self-driving cars and internet-linked vehicles have set tech firms and carmakers on a collision course.
GM to invest $150 million to boost heavy-duty pickup truck production
General Motors Co president Mark Reuss said on Wednesday that the automaker is investing about $150 million at its Flint Assembly plant, Michigan, to boost production of heavy duty trucks by another 40,000 vehicles a year.
