In Sky deal, Murdochs shield Fox from sagging U.S. ad market
(Reuters) – Twenty-First Century Fox Inc’s plan to buy the remaining stake in Sky Plc further insulates the Murdoch family-owned media company from a U.S. television advertising market roiled by sagging ratings, experts said.
Record-setting rally pushes on as S&P ends week up 3 percent
NEW YORK (Reuters) – Major U.S. stock indexes powered to another day of fresh record highs on Friday, with the S&P 500 ending the week up 3 percent, as investors bid up shares in sectors that have lagged in the month-long rally since Donald Trump’s presidential election.
Trump to name Goldman executive Cohn to key economic post
BATON ROUGE, La. (Reuters) – U.S. President-elect Donald Trump will likely ask a senior Goldman Sachs banker to coordinate economic policy across his administration, turning again to Wall Street for expertise in managing the world’s largest economy, a …
J. Crew makes preparations for possible debt restructuring: sources
(Reuters) – U.S. apparel retailer J. Crew Group Inc is taking steps to negotiate with its creditors about cutting the value of its approximately $2 billion debt load, as its struggles with falling sales, people familiar with the matter said on Friday.
U.S. agency concerned about destroyed, lost phones in VW probe
WASHINGTON (Reuters) – A U.S. agency involved in settlement talks with Volkswagen AG over its diesel emissions scandal has raised concerns about nearly two dozen mobile phones destroyed or lost by the German carmaker.
U.S. government seeks to speed up Takata air bag replacements
(Reuters) – The U.S. Department of Transportation on Friday said it will press the auto industry to accelerate the pace of replacements for defective Takata Corp air bag inflators and signaled a likely widening of the industry’s largest ever recall.
Exclusive: ECB rejects Monte Paschi’s request for more time to raise cash – source
MILAN (Reuters) – The European Central Bank has rejected a request by Italy’s Monte dei Paschi di Siena for more time to raise capital, a source said on Friday, a decision that piles pressure on the Rome government to bail out the lender.
Coke CEO Muhtar Kent hands reins to Quincey in widely expected move
(Reuters) – Coca-Cola Co said on Friday that Muhtar Kent would step aside as chief executive next year and be replaced by James Quincey, a company veteran credited with several recent changes to help the company cut its dependence on sugary drinks.
Exclusive: Japan’s TDK in talks to buy iPhone supplier InvenSense – sources
(Reuters) – Japanese electronic parts maker TDK Corp is in talks to acquire InvenSense Inc, a U.S. chip maker that produces motion sensors for Apple Inc and Samsung Electronics Co, people familiar with the matter said on Friday.
Russia to hold additional talks before OPEC, non-OPEC meeting
MOSCOW (Reuters) – Russia plans to meet with some OPEC and non-OPEC nations on Friday to discuss unresolved issues related to a planned oil-output cut before wider talks the following day in Vienna, a Russian government source told Reuters.
