FCC approves TV technology that gives better pictures but less privacy
WASHINGTON (Reuters) – U.S. regulators on Thursday approved the use of new technology that will improve picture quality on mobile phones, tablets and television, but also raises significant privacy concerns by giving advertisers dramatically more data …
Activist investor draws up plan to take Barnes & Noble private: WSJ
(Reuters) – Sandell Asset Management Corp, an activist investor in Barnes & Noble Inc , has proposed a transaction that would take the bookseller private with the help of current shareholders and debt financing, the Wall Street Journal reported on Thursday.
Meredith approaches Time again with Koch brothers backing: source
(Reuters) – Meredith Corp is in talks again to buy Time Inc in a potential deal backed by billionaire brothers Charles Koch and David Koch, a source familiar with the situation told Reuters on Thursday.
U.S. airlines sharply cut involuntary passenger bumping: DOT
WASHINGTON (Reuters) – Major U.S. airlines are bumping far fewer passengers from overbooked flights after a high-profile incident in April prompted the industry to reassess its practices, the U.S. Department of Transportation (DOT) reported on Thursday…
Cobalt hedging not mining the route for VW in EV drive, official says
BERLIN (Reuters) – Volkswagen is not looking to secure long-term supplies of cobalt, a key ingredient of electric-car batteries, by investing in mines, a senior official at the automaker said.
Volkswagen taps Brazil growth with new model to challenge Fiat, GM
BERLIN (Reuters) – Volkswagen launched its new Virtus model on Thursday to tap Brazil’s highest-volume segment as part of a recovery plan that analysts said will help it regain ground on rivals General Motors and Fiat in South America’s largest car ma…
Ex-Trump lawyer to defend AT&T-Time Warner merger
WASHINGTON (Reuters) – AT&T Inc said it hired media lawyer Daniel Petrocelli, whose clients have included U.S. President Donald Trump, to defend its acquisition of media and entertainment company Time Warner Inc if the government sues to block the deal.
Wal-Mart, tech stocks lead Wall Street gains
(Reuters) – Wall Street’s main indexes marched higher on Thursday, driven by gains in Wal-Mart and technology shares, while investors awaited a vote on the Republican tax bill.
Siemens to cut 6,900 jobs to tackle flailing turbines business
FRANKFURT (Reuters) – Siemens will cut about 6,900 jobs, or close to 2 percent of its global workforce, mainly at its power and gas division, which has been hit by the rapid growth of renewables.
Wal-Mart shares jump on strong U.S. sales growth
CHICAGO (Reuters) – Wal-Mart Stores Inc reported better-than-expected U.S. comparable sales on Thursday, as customers stocked up on food and other supplies ahead of hurricanes and online purchases soared, sending its shares up more than 8.5 percent.
