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China’s Wanda in $1 billion deal to buy Hollywood’s Dick Clark

SHANGHAI/SAN FRANCISCO (Reuters) – China's Dalian Wanda has agreed a $1 billion takeover of Dick Clark Productions, the company that runs the Golden Globe awards and Miss America pageants, extending the Chinese property-to-entertainment conglomerate's expansion into Hollywood. Wanda, run by China's richest man, Wang Jianlin, said in a statement on Friday it would buy all of Dick Clark Productions, an iconic name in U.S. entertainment …

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China’s Wanda in $1 billion deal to buy Hollywood’s Dick Clark

Takata mulls bankruptcy for U.S. unit, filing will take time: source

WASHINGTON/TOKYO (Reuters) – Japan's Takata Corp is considering a bankruptcy filing for its U.S. unit as the air bag maker looks for a sponsor to help pay for liabilities related to its faulty inflators, a person briefed on the matter told Reuters. Takata, which has retained investment bank Lazard Ltd as an adviser, has been working to choose a backer for its turnaround …

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Takata mulls bankruptcy for U.S. unit, filing will take time: source

Icahn raises stake in Herbalife

(Reuters) – Activist investor Carl Icahn has raised his stake in Herbalife Ltd to 23.1 percent as of Nov. 3, according to a regulatory filing on Thursday. Icahn had reported a 20.78 percent stake in the company in August. (http://bit.ly/2fjU7ve) Herbalife said on Tuesday that Chief Executive Michael Johnson would step down next year and be replaced by Chief Operating Officer Richard …

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Icahn raises stake in Herbalife

Wells Fargo sales scandal extends to brokerage unit: U.S. senators

Wells Fargo & Co fired hundreds of brokerage employees for improper sales practices, three U.S. senators said on Thursday, widening the scope of a scandal which the fourth-largest U.S. bank has so far characterized as a retail banking problem. In a letter to Wells Fargo Chief Executive Tim Sloan, Senators Elizabeth Warren, Ron Wyden and Robert Menendez questioned the bank's disclosures about those employees' dismissals in required regulatory filings.

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Wells Fargo sales scandal extends to brokerage unit: U.S. senators

Slowdown in orders, hiring curbs U.S. services sector growth

Other data on Thursday showed planned job cuts by U.S.-based employers dropped 31 percent to a five-month low last month. The mixed reports came a day after the Federal Reserve offered a fairly upbeat assessment of the economy and signaled it could raise interest rates next month.

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Slowdown in orders, hiring curbs U.S. services sector growth

Delta turns to apartment-sharing service Airbnb for more business

(Reuters) – Delta Air Lines Inc on Wednesday announced a marketing agreement with Airbnb, becoming one of the largest established companies in the travel industry to embrace the 8-year-old apartment-sharing service. Delta, the world's No. 2 airline by passenger traffic, said customers can earn award miles toward free flights when booking stays with Airbnb. This follows similar promotions from Virgin America Inc …

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Delta turns to apartment-sharing service Airbnb for more business

U.S. sues DirecTV for illegal information trading during Dodgers talks

The U.S. Justice Department filed a lawsuit on Wednesday against DirecTV, alleging the company acted as a ringleader to unlawfully swap information with rival pay-TV companies during negotiations over whether to show Dodgers baseball games in the Los Angeles area. The department said DirecTV, now owned by AT&T , swapped information with Cox Communications, Charter Communications and AT&T, to win bargaining leverage against Time Warner Cable, which distributes a channel showing Dodgers games in Los Angeles.

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U.S. sues DirecTV for illegal information trading during Dodgers talks

Fed holds rates steady, sets stage for December hike

The Federal Reserve kept interest rates unchanged on Wednesday in its last policy decision before the U.S. election, but signaled it could hike in December as the economy gathers momentum and inflation picks up. Fed policymakers also expressed more optimism that inflation was moving toward their 2 percent target. “The committee judges that …

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Fed holds rates steady, sets stage for December hike

Chipmaker Broadcom to buy network gear maker Brocade for $5.5 billion

Chipmaker Broadcom Ltd said on Wednesday it would buy network gear maker Brocade Communications Systems Inc for $5.5 billion to expand its fiber channel and data storage businesses, the latest in a flurry

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Chipmaker Broadcom to buy network gear maker Brocade for $5.5 billion

Gawker settles with ex-pro wrestler Hulk Hogan for $31 million: court document

By Jessica DiNapoli NEW YORK (Reuters) – Shuttered online news website Gawker Media LLC has reached a $31 million cash settlement with Hulk Hogan, the former professional wrestler who obtained a $140 million judgment against the site over a leaked sex tape. Hogan's judgment forced Gawker, known for its irreverent tone and gossipy posts, into bankruptcy in June. “As with any negotiation for resolution, all parties have agreed it is time to move

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Gawker settles with ex-pro wrestler Hulk Hogan for $31 million: court document

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