Formula One faces big shake-up after Liberty deal
LONDON (Reuters) – Formula One faces its biggest shake-up in decades with the announcement on Wednesday that U.S. cable TV mogul John Malone’s Liberty Media has agreed to take control of the cash-generating glamor sport.
Wall Street ends flat as investors assess U.S. rates outlook
(Reuters) – U.S. stocks ended little changed on Wednesday, though the Nasdaq eked out another record high close, as investors assessed the outlook for U.S. interest rates.
Sony unveils new versions of PlayStation 4
(Reuters) – Sony Interactive Entertainment, a division of Sony Corp , unveiled on Wednesday two new versions of its PlayStation 4 Console in an effort to help Sony maintain its sales lead over Microsoft Corp and Nintendo Co Ltd .
Irish government wins strong backing by parliament for EU Apple appeal
DUBLIN (Reuters) – Ireland’s government won strong backing from parliament for its appeal against a 13-billion-euro back tax bill the European Commission ordered it to collect from Apple , following 12 hours of debate on Wednesday.
Intel to spin out security unit, sell stake in business to TPG
(Reuters) – Intel Corp said it would spin out its cybersecurity division, formerly known as McAfee, and sell a majority stake in it to investment firm TPG for $3.1 billion in cash.
Brussels calling: tech firms add lobby strength as EU gets tough
BRUSSELS (Reuters) – U.S. tech giants Google and Facebook are among multinationals spending more in Brussels as the European Commission eyes new business regulation after last week handing Apple a 13-billion-euro tax demand.
Viacom hires Morgan Stanley, LionTree for capital structure review: source
NEW YORK (Reuters) – Viacom Inc has hired Morgan Stanley and LionTree Llc as part of a review of its capital structure, a source familiar with the situation said on Wednesday.
Ireland fights to restore investment reputation after Apple ruling
DUBLIN (Reuters) – The European Union’s demand that Ireland claw back billions in tax from Apple has hit the country’s reputation as an investment destination just as it eyes up opportunities from Brexit, but officials say the damage will be limited.
Barroso’s Goldman job hits post-Brexit EU as it battles for trust
BRUSSELS (Reuters) – EU officials are livid at their former boss Jose Manuel Barroso for taking a job at Goldman Sachs that has drawn public scorn just as they are trying to win back trust in a European Union wounded by Britain’s Brexit vote.
U.S wage pressures confined to highly skilled, little sign of broadening: Fed
WASHINGTON (Reuters) – The U.S. economy expanded at a modest pace in July and August, the Federal Reserve said on Wednesday, but there was little sign that wage pressures are being felt beyond highly skilled jobs.
