Federal Communications Commission Chairman Ajit Pai said on Monday he has “serious concerns” about Sinclair Broadcast Group Inc’s proposed $3.9 billion acquisition of Tribune Media Co , an announcement that could scuttle the deal.
BlackRock Inc , the world’s biggest asset manager, reported smaller demand for its funds on Monday as investors fled risk, overshadowing a better-than-expected quarterly profit, and its shares dipped.
BlackRock Inc Chief Executive Larry Fink on Monday said the world’s largest asset manager has assembled a working group to look at blockchain technology and cryptocurrencies such as bitcoin, but cautioned he does not see massive investor demand.
Britain and Europe should work together on a future combat air system, or risk further fragmenting the European defense market, Airbus defense chief Dirk Hoke said on Monday, after Britain pushed forward with its own new fighter jet program.
The chief executive of Qatar Airways said the airline was adapting to a regional blockade that has prevented it flying some routes, and that those restrictions would not necessarily push it into the red for the current financial year.
Uber Technologies Inc is being investigated by the U.S. Equal Employment Opportunity Commission stemming from a complaint about gender inequity, the Wall Street Journal reported on Monday, citing people familiar with the matter.
The benchmark S&P 500 index was marginally lower on Monday as a sharp drop in crude oil prices weighed on the energy stocks and offset a rebound in financials after Bank of America’s strong results reinforced expectations of a strong earnings season.
British retailer Marks & Spencer said on Monday it would cut 351 jobs at stores across the country, seeking to make savings in a brutally competitive market.
Ford investors have endured a rough year in the country — and unfortunately, business could get worse before it gets better. Here’s why. …read more […]
Bank of America Corp reported quarterly profit above expectations as the second-largest U.S. lender cut expenses and benefited from growth in loans and deposits on the back of a strengthening economy.
Uber Technologies Inc is being investigated by the U.S. Equal Employment Opportunity Commission stemming from a complaint about gender inequity, the Wall Street Journal reported on Monday, citing people familiar with the matter.
Google is set to face a record-busting EU antitrust fine this week over its Android mobile operating system but rivals hoping that an order to halt unfair business practices will help them may be disappointed.
Twenty-First Century Fox Inc shares dropped more than 2 percent on Monday, as investors viewed the absence of a new bid by Comcast Corp for most of Fox’s assets as meaning its bidding war with Walt Disney Co for them is likely over.
U.S. retail sales rose solidly in June as households boosted purchases of automobiles and a range of other goods, cementing expectations for robust economic growth in the second quarter.
Elon Musk can’t follow his own advice. Controversial outbursts are neither new nor unusual for Musk, who frequently spars with critics and investors betting against his company. After Tesla shares fell 22 percent in March — the steepest monthly drop in more than seven years — Musk jokingly tweeted on April Fools’ Day that the company had gone bankrupt. …read more […]
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