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Exclusive: Amazon is preparing to launch streaming music service – sources
June 11, 2016 by elegant · Leave a Comment
By Julia Love SAN FRANCISCO (Reuters) – Amazon.com Inc is preparing to launch a standalone music streaming subscription service, placing it squarely in competition with rival offerings from Apple Inc and Spotify, according to two people with knowledge of the matter. Amazon is finalizing licenses with labels for the service, which likely will be launched in late summer or early fall, the sources said. Amazon, which …
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Exclusive: Amazon is preparing to launch streaming music service – sources
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Exclusive: Redstone’s NAI talking to bankers about options for Paramount – sources
June 11, 2016 by publisher · Leave a Comment
Sumner Redstone's National Amusements Inc is consulting investment bankers about strategic options for Viacom Inc's Paramount Pictures, including a possible stake sale, sources familiar with the situation said on Friday. National Amusements, which controls 80 percent of the voting shares of Viacom, is also keen to extract more value from the film studio's real estate holdings in Los Angeles, said the sources, who spoke on condition of anonymity. It is unclear what
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Exclusive: Redstone’s NAI talking to bankers about options for Paramount – sources
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Verizon and unions reach tentative deal to end strike
May 28, 2016 by elegant · Leave a Comment
Verizon Communications Inc and unions representing nearly 40,000 wireline workers have reached a tentative deal “in principle” to end a strike that started April 13th, U.S. Secretary of Labor Thomas Perez said on Friday. Shares in Verizon, the No. 1 U.S. wireless company, jumped as much as 1.2 percent after the announcement and in afternoon trading were up almost 1 …
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Verizon and unions reach tentative deal to end strike
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Sumner Redstone suggests he could oust Viacom board, CEO
May 28, 2016 by elegant · Leave a Comment
A judge set an early June hearing on the possible removal of CEO Philippe Dauman from the trust that will control the media company when Redstone dies or is deemed incapacitated. In a statement issued through a spokesman, Redstone, who turned 93 on Friday, said he would act in “the best interests of shareholders,” when weighing whether or not to oust Dauman…
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Sumner Redstone suggests he could oust Viacom board, CEO
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Automakers recall 12 million U.S. vehicles over Takata air bags
May 28, 2016 by publisher · Leave a Comment
Eight automakers said on Friday they are recalling more than 12 million U.S. vehicles for defective Takata air bag inflators, widening the largest-ever auto safety effort to more passenger-side devices. Honda Motor Co is recalling 4.5 million U.S. vehicles while Fiat Chrysler Automobiles NV is recalling 4.3 million, according
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Automakers recall 12 million U.S. vehicles over Takata air bags
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Verizon strike seen lowering U.S. May payrolls by 35,000 jobs
May 28, 2016 by admin · Leave a Comment
The department's monthly strike report showed 35,100 Verizon employees were idle during the survey period for the May payrolls count. Striking workers who do not receive a paycheck during the period are considered unemployed. Labor Secretary Thomas Perez said on Friday that Verizon and unions representing the striking workers had reached a tentative deal.
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Verizon strike seen lowering U.S. May payrolls by 35,000 jobs
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Yellen says Fed rate hike likely appropriate in coming months
May 28, 2016 by publisher · Leave a Comment
The Federal Reserve should raise interest rates “in the coming months” if the economy picks up as expected and jobs continue to be generated, U.S. central bank chief Janet Yellen said on Friday, bolstering the case for a rate increase in June or July. “It's appropriate … for the …
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Yellen says Fed rate hike likely appropriate in coming months
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Exclusive: Suppliers question Tesla’s goals for Model 3 output
May 20, 2016 by elegant · Leave a Comment
By Paul Lienert and Alexandria Sage DETROIT/SAN FRANCISCO (Reuters) – Tesla Motors Inc has surprised parts makers with plans to move up the launch of high-volume production of its Model 3 to 2018, two years earlier than planned – an…
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Exclusive: Suppliers question Tesla’s goals for Model 3 output
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Exclusive: EU regulators to conditionally clear AB Inbev, SABMiller deal – sources
May 20, 2016 by creative · Leave a Comment
By Foo Yun Chee and Martinne Geller BRUSSELS/LONDON (Reuters) – Brewer Anheuser-Busch InBev is set to win conditional EU approval for its $100 billion-plus takeover of SABMiller after agreeing to substantial asset sales, three people familiar with the matter said on Friday. The Belgium-based maker of Budweiser, Corona and Stella Artois is looking to boost its presence in Africa and Latin American countries to offset weaker markets such as the United …
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Exclusive: EU regulators to conditionally clear AB Inbev, SABMiller deal – sources
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Apple invests $1 billion in Chinese ride-hailing service Didi Chuxing
May 14, 2016 by creative · Leave a Comment
Apple Inc said on Thursday it has invested $1 billion in Chinese ride-hailing service Didi Chuxing, a move that Apple Chief Executive Tim Cook said would help the company better understand the critical Chinese market. Apple is trying to reinvigorate
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Apple invests $1 billion in Chinese ride-hailing service Didi Chuxing