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Hilton’s value could rise by 25 percent on breakup: Barron’s
NEW YORK (Reuters) – Shares of Hotel operator Hilton Worldwide Holdings Inc could increase by at least 25 percent on its planned split into three companies, Barron's reported on Sunday. Here is the original post: Hilton’s value could rise by 25 percent on breakup: Barron’s Read More →
AT&T aims to break from streaming crowd with Time Warner
By Lisa Richwine LOS ANGELES (Reuters) – AT&T is betting its purchase of Time Warner Inc will give the company an edge in winning subscribers for its live internet television package, a new front in media that is about to become crowded by technology players. The DirecTV Now service coming to the market next month will offer the kind of live programming on multiple channels now available... [Read more]
U.S. judge approves $14.7 billion deal in VW diesel scandal
By David Shepardson WASHINGTON (Reuters) – A U.S. judge on Tuesday approved one of the biggest corporate settlements on record, Volkswagen AG's $14.7 billion deal arising from its diesel emissions cheating scandal, and the German automaker said it would begin buying back polluting cars in mid-November. U.S. District Judge Charles Breyer in San Francisco signed off … More here: U.S.... [Read more]
TD Ameritrade faces scrutiny over Scottrade purchase
TD Ameritrade has agreed to buy Scottrade for $2.7 billion in a deal that would bring together two of the biggest U.S. discount brokerages, but is expected to face scrutiny from regulators. In a connected deal, Toronto-Dominion Bank , TD Ameritrade's biggest shareholder, said on Monday it had agreed to buy Scottrade's banking business for $1.3 billion as it continues to ramp up its expansion... [Read more]
AT&T to buy Time Warner for $85 billion, create telecom-media giant
AT&T Inc said on Saturday it agreed to buy Time Warner Inc for $85.4 billion, the boldest move yet by a telecommunications company to acquire content to stream over its high-speed network to attract a growing number of online viewers. The … Read the original: AT&T to buy Time Warner for $85 billion, create telecom-media giant Read More →
McDonald’s U.S. sales revive amid stiff competition
Sales at established U.S. restaurants rose 1.3 percent as a result, offsetting the negative impact of competition and lower grocery prices that encouraged some diners to cook at home. The result from the United States, which accounts for about 40 percent of overall profit at McDonald's, just exceeded analysts' lowered expectations, and was not as … Here is the original: McDonald’s... [Read more]
Fed moves to quell charges of opacity, lack of diversity
The Federal Reserve has rolled out a series of announcements, online forums and meetings with Americans this year in response to outspoken civic groups and many Democrats, including Hillary Clinton, calling for … See the original post here: Fed moves to quell charges of opacity, lack of diversity Read More →
Germany says Tesla should not use ‘Autopilot’ in advertising
German Transport Minister Alexander Dobrindt has asked Tesla to stop advertising its electric vehicles as having an Autopilot function as this might suggest drivers' attention is not needed, his ministry said on Sunday. A spokeswoman for the ministry, confirming a report in the daily Bild am Sonntag (BamS), said the Federal Motor Transport Authority (KBA) had written to Tesla to make the request.... [Read more]
Deal with Rosneft is U.S. sanctions-compliant, says Essar Group CEO
The $12.9 billion sale of India's Essar Oil to a group led by Russia's Rosneft does not run foul of U.S. sanctions imposed against the majority state-owned Russian energy firm, … Here is the original post: Deal with Rosneft is U.S. sanctions-compliant, says Essar Group CEO Read More →
U.S. bans Samsung Galaxy Note 7 smartphones from air travel
Samsung Galaxy Note 7 smartphone devices will be banned from aircraft in the United States starting on Saturday at noon EDT (1600 GMT) under an emergency order, regulators said on Friday after numerous reports of the Original post: U.S. bans Samsung Galaxy Note 7 smartphones from air travel Read More →