(Reuters) – Comcast Corp offered $65 billion on Wednesday to lure Twenty-First Century Fox Inc away from a merger with Walt Disney Co , saying its all-cash bid was about 19 percent higher and launching the first salvo in what could be a bidding war between two of the largest U.S. media companies.
HOUSTON (Reuters) – Venezuela is considering refining foreign crude for the first time to produce fuels, according to internal documents seen by Reuters, the latest sign of the country’s strain to meet its obligations despite having the world’s largest crude reserves.
(Reuters) – U.S. stocks ended a choppy session lower on Wednesday after the U.S. Federal Reserve raised interest rates as expected and projected a slightly faster pace of rate hikes this year.
Comcast made good on its plans to make an offer for 21st Century Fox’s film …read more […]
SAN FRANCISCO (Reuters) – Apple Inc said on Wednesday it will change its iPhone settings to undercut the most popular means for law enforcement to break into the devices.
(Reuters) – Tesla Inc Chief Executive Officer Elon Musk bought 72,500 shares of the company’s common stock, a regulatory filing http://bit.ly/2t4K2sY showed on Wednesday.
BRASILIA (Reuters) – Brazil’s antitrust watchdog on Wednesday fined Morgan Stanley and Royal Bank of Canada a total of 42.9 million reais ($11.6 million) for meddling with foreign exchange rates charged to clients.
(Reuters) – Comcast Corp offered $65 billion on Wednesday for Twenty-First Century Fox Inc media assets, emboldened by AT&T Inc prevailing over the Trump administration’s attempt to block a merger with Time Warner Inc .
HOUSTON (Reuters) – Venezuela is considering refining foreign crude for the first time to produce fuels like gasoline or diesel, according to internal planning documents seen by Reuters on Wednesday, in the latest sign of the country’s strain to meet obligations to customers despite having the world’s largest crude reserves.
DETROIT (Reuters) – Ford Motor Co and Daimler AG are winding down a joint venture formed to develop automotive fuel cell technology, Ford said on Wednesday, as both companies plan to take their respective fuel cell technology development in-house.
(Reuters) – The Dow and S&P 500 were down slightly in afternoon trading on Wednesday after the Federal Reserve raised interest rates as expected and projected a slightly faster pace of rate hikes in the coming months.
Jun.13 — Alan Blinder, author of “Advice and Dissent” and former Federal Reserve vice chairman, discusses how President Donald Trump has handled the Fed with Bloomberg’s Tom Keene, Scarlet Fu and Mike McKee on “Bloomberg Markets.” …read more […]
DETROIT (Reuters) – The union that represents factory workers at the Detroit Three automakers elected regional director Gary Jones as its new president on Wednesday, ahead of tough 2019 contract talks likely to coincide with declining U.S. sales of new vehicles.
(Reuters) – Twenty-First Century Fox Inc’s shares hit a record high on Wednesday as approval for AT&T Inc’s $85 billion buyout of Time Warner Inc spurred speculation that Comcast Corp would make an offer for most of Fox’s assets.
NEW YORK (Reuters) – The court-appointed trustee liquidating Bernard Madoff’s firm on Wednesday announced a $280 million settlement with one of the swindler’s earliest investors, enabling customers to recoup more than 75 percent of the principal they lost.
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