Comcast prepares financing for 21st Century Fox buy
NEW YORK (IFR) – Comcast says it has “Highly Confident Letters” from Bank of America Merrill Lynch and Wells Fargo for its US$65bn 21st Century Fox bid.
Facebook used less for news as youngsters turn to WhatsApp: Reuters Institute
LONDON (Reuters) – The use of social media networks such as Facebook to consume news has started to fall in the United States as many young people turn toward messaging apps such as Facebook-owned WhatsApp to discuss events, the Reuters Institute foun…
Trump to meet with top trade advisers on activation of China tariffs: source
WASHINGTON (Reuters) – U.S. President Donald Trump will meet with his top trade advisers on Thursday to decide whether to activate threatened tariffs on billions of dollars in Chinese goods, a senior Trump administration official said.
Comcast offers $65 billion to lure Fox from Disney bid
(Reuters) – Comcast Corp offered $65 billion on Wednesday to lure Twenty-First Century Fox Inc away from a merger with Walt Disney Co , setting up a bidding war between two of the largest U.S. media companies with its 20 percent higher offer.
Wall Street falls as Fed signals two more hikes this year
(Reuters) – U.S. stocks ended a choppy session lower on Wednesday after the U.S. Federal Reserve raised interest rates as expected and projected a slightly faster pace of rate hikes this year.
Exclusive: Venezuela eyes first-ever refining of foreign oil – documents
HOUSTON (Reuters) – Venezuela is considering producing fuels from foreign crude oil for the first time, according to planning documents seen by Reuters, as the country struggles to meet its obligations despite having the world’s largest crude reserves….
Comcast offers to buy Fox media assets for $65 billion in cash
(Reuters) – Comcast Corp offered $65 billion on Wednesday for Twenty-First Century Fox Inc media assets, emboldened by AT&T Inc prevailing over the Trump administration’s attempt to block a merger with Time Warner Inc .
Apple to undercut popular law-enforcement tool for cracking iPhones
SAN FRANCISCO (Reuters) – Apple Inc said on Wednesday it will change its iPhone settings to undercut the most popular means for law enforcement to break into the devices.
Elon Musk buys 72,500 of Tesla shares
(Reuters) – Tesla Inc Chief Executive Officer Elon Musk bought 72,500 shares of the company’s common stock, a regulatory filing http://bit.ly/2t4K2sY showed on Wednesday.
Brazil watchdog fines Morgan Stanley, Royal Bank of Canada for forex manipulation
BRASILIA (Reuters) – Brazil’s antitrust watchdog on Wednesday fined Morgan Stanley and Royal Bank of Canada a total of 42.9 million reais ($11.6 million) for meddling with foreign exchange rates charged to clients.
