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Comcast Shares Slide After Regulators Accept Sky Bid

Comcast Shares Slide After Regulators Accept Sky Bid

Shares of Comcast fell after the cable company won a bid over the weekend to gain control of European pay-TV giant Sky.

Published 2 months ago

Watchdog orders Deutsche Bank to take action on money laundering

Watchdog orders Deutsche Bank to take action on money laundering

Financial regulator BaFin demands more controls and a special independent auditor at the bank

Published 1 second ago

Machines switch to disrupting property valuers

Machines switch to disrupting property valuers

But will automated valuation methods lead to more rational housing markets?

Published 1 second ago

US Treasury market forced to consider a longer Fed tightening cycle

US Treasury market forced to consider a longer Fed tightening cycle

Central bank is set to raise rates for a third time this year on Wednesday

Published 1 second ago

SiriusXM to buy Pandora in $3.5bn all stock deal

SiriusXM to buy Pandora in $3.5bn all stock deal

Satellite radio group to offer its programming over internet music service

Published 1 second ago

China Says Trump Administration Is a Trade Bully as New Tariffs Take Effect

China Says Trump Administration Is a Trade Bully as New Tariffs Take Effect

China’s State Council accused the Trump administration of being a trade bully and abandoning important communication channels, as a new round of tariffs took effect.

Published 2 months ago

Sears CEO Pushes a Rescue Plan to Avoid Bankruptcy

Sears CEO Pushes a Rescue Plan to Avoid Bankruptcy

Edward Lampert, who is also Sears’s chairman, controlling shareholder and biggest creditor, wants creditors to restructure about $1.1 billion of debt coming due in 2019 and 2020.

Published 2 months ago

Sirius XM to Buy Pandora in $3.5 Billion Deal

Sirius XM to Buy Pandora in $3.5 Billion Deal

Sirius XM agreed to buy Pandora Media Inc. in a deal valued at about $3.5 billion, as the two sides face increasing competition from Spotify and Apple Music.

Published 2 months ago

Meet the Bear-Market Stocks Hiding in S&P 500’s Record Run

Meet the Bear-Market Stocks Hiding in S&P 500’s Record Run

Dozens of stocks remain stuck in bear-market territory even as the U.S. stock market has charged to records, reflecting a disconnect that shows a robust economy hasn’t offset trade jitters for many conglomerates.

Published 2 months ago

Gold Giant Barrick Agrees to Buy Rival Randgold for $6 Billion

Gold Giant Barrick Agrees to Buy Rival Randgold for $6 Billion

Barrick Gold agreed to buy Randgold Resources for $6 billion in an all-share merger that will solidify Barrick as the world’s largest gold company by production, with a dominant position in Africa.

Published 2 months ago

Michael Kors Nears Deal to Buy Versace for Around $2.35 Billion

Michael Kors Nears Deal to Buy Versace for Around $2.35 Billion

Michael Kors is close to a deal to buy Italian fashion house Versace for around $2.35 billion—a deal that would put one of the glitziest names in high fashion in the hands of a budding American conglomerate known for affordable luxury.

Published 2 months ago

Brent Crude Creeps Above $80 a Barrel

Brent Crude Creeps Above $80 a Barrel

The price of Brent oil climbed past $80 a barrel, pushing the global benchmark to its highest close in almost four years after OPEC and its allies decided to keep their production in check.

Published 2 months ago

Trade war casts shadow over tech manufacturers

Trade war casts shadow over tech manufacturers

Taiwan electronics groups forced to consider quitting China to escape Trump’s tariffs

Published 1 second ago

China Says Trump Administration Is a Trade Bully as New Tariffs Take Effect

China Says Trump Administration Is a Trade Bully as New Tariffs Take Effect

China’s State Council accused the Trump administration of being a trade bully and abandoning important communication channels, as a new round of tariffs took effect.

Published 2 months ago

Michael Kors Nears Deal to Buy Versace for Around $2.35 Billion

Michael Kors Nears Deal to Buy Versace for Around $2.35 Billion

Michael Kors is close to a deal to buy Italian fashion house Versace for around $2.35 billion—a deal that would put one of the glitziest names in high fashion in the hands of a budding American conglomerate known for affordable luxury.

Published 2 months ago