Sinclair Broadcast Group Inc said on Wednesday it will reverse course and not divest three television stations in hopes of winning approval of its $3.9 billion acquisition of Tribune Media Co after the Federal Communications Commission chairman said he had “serious concerns” about the deal.
Engine maker Rolls-Royce is exploring the idea of using robots inspired by snakes and cockroaches to help it inspect and repair engines in the future, the company’s researchers said at the Farnborough Airshow.
Germany has said 1,050 owners of the Tesla Model S must forgo a 2,000 euro electric car subsidy because the value of their vehicles surpasses an eligibility threshold.
Chinese e-commerce giant Alibaba Group Holding Ltd on Wednesday said it has agreed to acquire a minority stake in China’s Focus Media Information Technology Co Ltd to tap into the digital marketing sector.
Prime Day has once again broken records. Despite serious glitches at its …read more […]
European Commission President Jean-Claude Juncker said he was “upbeat and relaxed” ahead of his trip to Washington next week to discuss strained trade relations between the European Union and the United States.
The S&P 500 hovered at five-month highs on Wednesday, with gains in financial and industrial stocks due to strong earnings from marquee companies offsetting losses in the technology and energy sectors.
Swiss bank UBS will swap out leadership at its Luxembourg wealth management (WM) unit in October amid changes in the region, including the Swiss bank’s move in January to acquire Nordea’s private banking business there.
U.S. stocks opened higher on Wednesday, led by gains in industrials after robust quarterly profit from United Airlines and CSX Corp and as Morgan Stanley’s strong results lifted financial stocks.
When many shoppers logged on during the first several hours of Amazon Prime Day, they were met with 404 error pages featuring photos of different dogs. …read more […]
Saudi Aramco has invited banks to pitch for an advisory role on the potential acquisition of a strategic stake in Saudi Basic Industries Corp (SABIC) , two sources with direct knowledge of the matter told Reuters.
EU antitrust regulators hit Google with a record 4.34 billion euro ($5 billion) fine on Wednesday for using its Android mobile operating system to squeeze out rivals, and Google said it would appeal.
Once the outcast of European bond markets, Greece appears firmly on the road to redemption.
U.S. President Donald Trump’s top economic adviser said on Wednesday that Chinese President Xi Jinping was “holding up” a deal to resolve a “significant trade dispute” between the United States and China.
Amazon.com Inc said online shoppers purchased more than 100 million products worldwide during its Prime Day sale, despite glitches on its mobile app and websites that prevented customers from placing orders.
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