FanDuel, DraftKings scrap troubled merger
WASHINGTON (Reuters) – Daily fantasy sports companies FanDuel and DraftKings scrapped a plan to merge on Thursday following a legal challenge by U.S. antitrust enforcers.
Jaguar Land Rover to produce first car entirely outside of Britain
LONDON (Reuters) – Britain’s biggest carmaker Jaguar Land Rover (JLR) said on Thursday it is to build its new E-PACE compact sport utility vehicle in Austria and China, the first of its cars only to be manufactured outside of its home market.
Snap shares draw bullish options bets after slipping below IPO price
NEW YORK (Reuters) – Options traders were placing bets this week that shares of Snap Inc were primed for a rebound after slipping below their initial public offering price of $17.
Murdoch’s Fox unlikely to offer remedies in Sky deal: source
LONDON (Reuters) – Rupert Murdoch is unlikely to offer any new concessions to protect the editorial independence of Sky , increasing the chance that the $15 billion takeover deal goes to a lengthy investigation, a person familiar with the situation sai…
Yellen says 3 percent U.S. growth ‘quite challenging’ in coming years
WASHINGTON (Reuters) – It would be “quite challenging” for the United States to reach the 3 percent growth target set by President Donald Trump, Federal Reserve Chair Janet Yellen told a Senate panel on Thursday in a hearing focused on regulatory refor…
Energy Secretary Perry says U.S., Mexico prosperity inextricably tied
MEXICO CITY (Reuters) – Promising to promote cross-border electricity trade and investment, U.S. Energy Secretary Rick Perry said on Thursday that “Mexico’s prosperity is inextricably intertwined with our prosperity.”
CBS News forms partnership with BBC, replacing Sky
NEW YORK (Reuters) – CBS Corp’s CBS News division said on Thursday it has signed a new editorial and newsgathering partnership with BBC News to share video, editorial content and other resources across the globe.
Global automakers call on China to ease “impossible” electric car rules
HAMBURG/SHANGHAI(Reuters) – Global automakers have urged China to delay and soften planned quotas for sales of electric and hybrid cars, saying its proposals will be impossible to meet and would severely disrupt their businesses, according to a letter…
Tale of two factories: hope, anguish ahead of Trump’s steel tariff call
GRANITE CITY, Ill. (Reuters) – The blast furnaces and slab casters at United States Steel Corp’s Granite City Works have been idle for 18 months, and laid-off workers here are pinning their hopes on President Donald Trump imposing broad new restriction…
UBS’s Chinese subsidiary granted local private fund license
ZURICH (Reuters) – UBS’s Chinese asset management subsidiary has been granted a license to manage money for institutions and wealthy investors onshore in China, part of the Swiss bank’s efforts to stock up on local licenses.
