Focus turns to The Economist after FT sale
LONDON (Reuters) – The Economist Group could become the latest British media business to undergo a change of ownership this year as its co-owner Pearson focuses on education, bankers and industry sources said.
AT&T, DirecTV complete merger to form biggest pay-TV company
WASHINGTON (Reuters) – The No. 2 U.S. wireless carrier AT&T Inc and the biggest satellite-TV provider DirecTV became the country’s largest pay-TV company on Friday, completing their $48.5 billion merger after receiving final regulatory approval.
A few big winners keep U.S. stock market afloat in 2015
(Reuters) – Amazon’s stock price surge into Friday made it the latest of a series of companies to boom following results, and its performance this year, along with a few others, has basically kept the S&P 500 above water.
Fed inadvertently publishes staff forecast for 2015 rate hike
WASHINGTON (Reuters) – Staff economists at the Federal Reserve see a quarter-point U.S. interest rate increase this year, according to forecasts the Fed mistakenly published on its website in a gaffe that drew criticism about its ability to keep secret…
Cloud services seen growth driver for Amazon
(Reuters) – Amazon.com Inc’s shares surged more than 20 percent in early trading on Friday, adding more than $46 billion to the company’s market value, after strong growth in the e-commerce giant’s cloud business drove a surprise quarterly profit.
U.S. probing possible price-gouging by airlines after rail crash
WASHINGTON/NEW YORK (Reuters) – The U.S. Transportation Department is investigating possible price gouging by the five biggest U.S. airlines while train service was disabled between New York and Washington following a deadly Amtrak crash in May, it sai…
Facebook defeats shareholder litigation over IPO
NEW YORK (Reuters) – A federal appeals court on Friday said Facebook Inc officials including Chief Executive Mark Zuckerberg cannot be sued by shareholders who said the social media company concealed threats to its growth prospects before its May 2012 …
Bank of America top lawyer Lynch moving to advisory role: WSJ
NEW YORK (Reuters) – Bank of America Corp has been interviewing possible successors to Gary Lynch, the company’s general counsel, who will move into a more advisory role, the Wall Street Journal reported on Friday.
WTO slashes tariffs on IT goods but implementation held up
GENEVA (Reuters) – The World Trade Organization finalised a list of 201 information technology products to be freed from import tariffs in a $1.3 trillion deal on Friday, but said it was still short of the critical mass of countries needed to put it in…
U.S. new home sales at seven-month low; manufacturing stabilizes
WASHINGTON (Reuters) – New U.S. single-family home sales fell in June to a seven-month low and May’s sales were revised sharply down, but the data on Friday did little to change the belief that the housing market recovery was shifting into higher gear….
