Disney closes $71 billion acquisition of Twenty-First Century Fox’s assets
Walt Disney Co closed its $71 billion acquisition of Twenty-First Century Fox Inc’s film and television assets on Wednesday, giving its upcoming streaming service a range of popular content as it takes on Netflix Inc.
U.S. top court undermines Google settlement in internet privacy case
WASHINGTON – The U.S. Supreme Court on Wednesday cast doubt on a $8.5 million settlement Google had agreed to pay to end an internet privacy dispute, directing a lower court to review whether plaintiffs who accused the search engine operator of wrongdo…
Ford adds production of electric vehicles at second North American site
Ford Motor Co said on Wednesday it is adding production of a fully electric vehicle at a second North American plant as part of its $11 billion investment plan set last year.
Exclusive: Trident Energy takes lead in Petrobras oilfield sale – sources
Warburg Pincus-backed firm Trident Energy is in exclusive talks with Petroleo Brasileiro SA to acquire a pair of Brazilian oil clusters, two sources with knowledge of the matter said this week, as the state-run company known as Petrobras moves to reviv…
Youngest captain, loving son: Ethiopian pilots honored in death
The dreams of the two young men soared as high as the Ethiopian Airlines planes they proudly flew.
Indonesia crash revelations raise pressure on Ethiopia investigation
The world’s biggest planemaker Boeing faced growing obstacles on Wednesday to returning its grounded 737 MAX fleet to the skies, while details emerged of an Indonesian crash with potential similarities to the Ethiopian disaster.
Safety first: Volvo to add in-car sensors to prevent drunk driving
Swedish carmaker Volvo hopes to reinforce its reputation for safety-first driving by installing cameras and sensors in its cars from the early 2020s, monitoring drivers for signs of being drunk or distracted and intervening to prevent accidents.
Wall Street drops after weak FedEx outlook; Fed on tap
U.S. stocks fell on Wednesday after economic bellwether FedEx issued a downbeat profit outlook and as investors waited for more clarity on the Federal Reserve’s interest rate forecasts for the rest of the year.
Get your natural gas in Texas for a dime, prices fall to record low
Next-day natural gas prices for Wednesday at the Waha hub in West Texas plunged to a record low due to an equipment failure in New Mexico that stranded gas in the Permian basin.
Foxconn Ventures sells $398.4 million in Alibaba stock: sources
Foxconn Ventures Holdco has sold $398.4 million worth of Alibaba Group Holding Ltd’s shares, in a block trade in the open market managed by Goldman Sachs Group Inc, people familiar with the matter said on Wednesday.
