Rupert Murdoch’s Fox abandons Time Warner takeover bid
(Reuters) – Rupert Murdoch’s Twenty-First Century Fox decided to pull its $80 billion offer to buy Time Warner Inc on Tuesday, abandoning plans to create one of the world’s largest media conglomerates.
Sturdy U.S. services, factory data boost growth picture
WASHINGTON (Reuters) – U.S. services sector activity hit an 8-1/2 year high last month and factory orders surged in June, bolstering expectations of solid economic growth in the third quarter.
Disney profit jumps thanks to movies, parks, products
(Reuters) – Media company Walt Disney Co’s quarterly profit blew past Wall Street expectations, with a muscular performance from its “Captain America” movie, higher attendance at U.S. theme parks and brisk sales of merchandise tied to mega-hit “Frozen….
Walgreen retreats from plan to move tax domicile abroad
WASHINGTON/NEW YORK (Reuters) – U.S. retailer Walgreen Co on Tuesday backed away from a plan to reincorporate abroad to cut its U.S. tax bill, while the Obama administration said it was considering steps to curb such corporate tax domicile-shifting dea…
Rupert Murdoch’s Fox abandons Time Warner takeover bid
(Reuters) – Rupert Murdoch’s Twenty-First Century Fox decided to pull its $80 billion offer to buy Time Warner Inc on Tuesday, abandoning plans to create one of the world’s largest media conglomerates.
Gannett to spin off newspapers as it focuses on TV
(Reuters) – Gannett Co said on Tuesday it would spin off its print operations, including USA Today, becoming the latest media company to separate slower-growing publishing assets from TV and digital properties.
Exclusive: Iliad in talks with investors to improve T-Mobile bid – sources
LONDON (Reuters) – French telecom firm Iliad is in talks with investors to improve its bid for T-Mobile US because it expects the parent company Deutsche Telekom to reject its $15 billion offer, three sources familiar with the matter said on Tuesday.
Stocks tumble on Ukraine tensions; Time Warner skids after-hours
NEW YORK (Reuters) – Stocks ended down on Tuesday, nose-diving in the afternoon as concerns mounted over escalating tensions in Ukraine.
NY attorney general probes Morgan Stanley, Goldman ‘dark pools’: Fox
NEW YORK (Reuters) – U.S. banks Morgan Stanley and Goldman Sachs Group are being investigated by New York’s attorney general as part of a probe into alternative trading systems known as “dark pools,” according to Fox Business Network.
Coke, Pepsi try to fatten bottom line with smaller servings
NEW YORK (Reuters) – About a year ago, Texas rancher George Krueger worried about his weight, and decided it was time to downsize – his Coke cans, that is.
