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Sony in Talks to Buy Stake in Ambani’s TV Network

(Bloomberg) — Sony Corp. is in talks to acquire a stake in the Indian television network controlled by billionaire Mukesh Ambani, as the Japanese giant seeks to tap booming demand for content in the South Asian nation, according to people familiar with the matter.The Tokyo-based company is currently conducting due diligence on Ambani’s Network18 Media & Investments Ltd. before any possible offer, the people said, asking not to be named as the information is not public. Sony is considering several potential deal structures, including a bid for the company or a merger of its own Indian business with Network18’s entertainment …read more […]

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Johnson & Johnson loses pelvic mesh class action in Australia

More than 1,350 Australian women won a seven-year-old class action lawsuit on Thursday against Johnson & Johnson (J&J) for misleading patients and surgeons about the risks of the pharmaceutical giant’s pelvic mesh implants. The suit is one of many J&J has faced in the United States, Canada and Europe over the implants, used to treat urinary incontinence and pelvic organ prolapse, in which organs shift from normal positions. J&J in October agreed to pay nearly $117 million to resolve claims in 41 U.S. states and the District of Columbia. …read more […]

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Apple cancels premiere of film 'The Banker' after unspecified 'concerns'

Apple Inc has canceled the world premiere of movie “The Banker,” one of its first original films, as it investigates unspecified concerns surrounding the period drama, the company said on Wednesday. “The Banker” was supposed to debut on Thursday in Hollywood at the American Film Institute’s AFI Fest. “We purchased ‘The Banker’ earlier this year as we were moved by the film’s entertaining and educational story about social change and financial literacy,” Apple said in a statement. …read more […]

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Mexicans sue Walmart over Texas shooting that left victims on both sides of border

Ten Mexican citizens have sued Walmart over the shooting at a store in the U.S. border town of El Paso, Texas, that killed eight Mexicans and left eight more injured, saying that Walmart did not do enough to protect its customers, Mexico said on Wednesday. The suspected gunman told police he was targeting “Mexicans” in the August shooting, which killed 22 people in total. …read more […]