FCC head proposes review of U.S. TV station ownership cap
WASHINGTON (Reuters) – The head of the U.S. Federal Communications Commission on Tuesday asked the agency to review rules capping television station ownership, a move that could speed consolidation in the industry.
Republican-appointed judge to hear AT&T lawsuit, Time Warner shares rise
(Reuters) – A Republican-appointed judge with extensive antitrust experience was selected on Tuesday to preside over the U.S. government’s lawsuit to block AT&T Inc’s acquisition of Time Warner Inc, sending Time Warner shares higher as investors bet the judge would be more likely to allow the deal to proceed.
Tech, healthcare stocks lift Wall Street to record
(Reuters) – Wall Street indexes hit record intraday highs on Tuesday, lifted by technology stocks and healthcare shares, which were boosted by bullish results from medical device maker Medtronic.
Danone backs bottled Hawaiian ocean water brand Kona Deep
PARIS (Reuters) – Evian and Volvic owner Danone has put money into a Hawaiian bottled water from the bottom of the Pacific Ocean, showing the depths multinationals will now go to in the quest to stand out.
Ireland promises progress in Apple tax recovery in coming weeks
DUBLIN (Reuters) – Ireland expects to make progress in recovering up to 13 billion euros ($15 billion) in disputed taxes from Apple Inc in the coming weeks, its prime minister said on Tuesday, following EU criticism that Dublin was moving too slowly.
FCC to reconsider U.S. television station ownership cap: source
(Reuters) – The head of the Federal Communications Commission will ask the U.S. agency to cast an initial vote in December to reconsider rules preventing a company from owning stations serving more than 39 percent of households with a television, a per…
Tech stocks lift Wall Street to record high
(Reuters) – Wall Street indexes hit record levels on Tuesday, with technology stocks rising for a second straight day and healthcare shares getting a boost from Medtronic’s results.
Exclusive: U.S. agency to vote to repeal ‘net neutrality’ rules – FCC chief
WASHINGTON (Reuters) – The chairman of the Federal Communications Commission on Tuesday unveiled plans to repeal a landmark 2015 order that barred internet service providers from blocking or slowing down consumer access to web content, and said the reg…
Exclusive: Selling Saudi Arabia’s grain mills proves a grind for investors
DUBAI (Reuters) – An unwieldy sale process and onerous ownership rules are discouraging some potential investors from bidding for Saudi Arabia’s state-owned grain mills, sources close to the firms say, in a potential snag for the kingdom’s economic ref…
Ethiopia bets on clothes to fashion industrial future
KOMBOLCHA, Ethiopia (Reuters) – Checkered shirts for American chain Gap. Slate leggings for Swedish store H&M. Twill shorts for Germany’s Tchibo. They are among a growing list of clothes being stitched together for big brands in Ethiopia.
