Exclusive: Discovery in the lead to acquire Scripps Networks – sources
(Reuters) – U.S. media company Discovery Communications Inc is in the lead to acquire U.S. cable TV network owner Scripps Networks Interactive Inc, people familiar with the matter said on Wednesday, in a deal likely to top $12 billion.
FTSE Russell to exclude Snap from stock indexes over voting rights
BOSTON/SAN FRANCISCO (Reuters) – FTSE Russell said on Wednesday it planned to exclude Snap Inc from its widely followed stock indexes because the owner of the Snapchat messaging app has an unusual share structure that denies voting rights to investors…
Facebook shares hit record high as mobile ad sales soar
(Reuters) – Facebook Inc’s mobile advertising business grew by more than 50 percent in the second quarter, the company said in its earnings report on Wednesday, as the social network continued to establish itself as the venue of choice for an ever-grow…
Uber’s Kalanick hires former U.S. prosecutor ahead of Waymo deposition
SAN FRANCISCO (Reuters) – Uber’s former chief executive, Travis Kalanick, has hired the former top federal prosecutor in San Francisco to represent him ahead of a deposition in a high-profile trade secrets case against Alphabet’s Waymo self-driving car…
PayPal raises 2017 forecasts on growth in users, payment volumes
(Reuters) – Digital payments company PayPal Holdings Inc raised its earnings outlook on Wednesday after reporting better-than-expected quarterly results, driven by growth in users and transaction volumes.
iRobot shares surge on strong sales of Roomba vacuum cleaners
SAN FRANCISCO (Reuters) – Shares in iRobot Corp jumped 23 percent to a record high on Wednesday after the Roomba robotic vacuum maker posted better-than-expected quarterly results and said it was buying its largest European distributor.
AT&T shares surge more than 4 percent, low churn helps
(Reuters) – AT&T Inc shares jumped more than 4 percent on Wednesday, notching their biggest one-day percentage gain since March 2009, a day after the carrier said its bundled products had helped slow losses of its most lucrative wireless customers.
U.S. defense companies lift forecasts amid growing security concerns
(Reuters) – Top U.S. weapons makers reported better-than-expected quarterly results and raised their full-year forecasts, buoyed by higher demand for fighter jets and tanks amid heightened security concerns around the world.
Chipotle served another subpoena after latest food scare
(Reuters) – Chipotle Mexican Grill Inc said U.S. federal prosecutors served a subpoena, seeking information related to a suspected norovirus outbreak at a restaurant in Sterling, Virginia that it briefly closed last week.
Whole Foods profit down as same-store sales declines persists
LOS ANGELES (Reuters) – Whole Foods Market Inc , which has agreed to be bought by Amazon.com Inc for $13.7 billion, on Wednesday reported a quarterly profit decline after same-store sales fell for the eighth quarter in a row.
