The close relationship between the U.S. and the U.K. means the two countries can disagree on certain issues but still find solutions, British Prime Minister Theresa May told CNBC Wednesday. Speaking in an exclusive interview at 10 Downing Street, May said there are “some” issues where she doesn’t see eye-to-eye with President Donald Trump, but […]
Read moreDisney shares are rising after a federal judge ruled in AT&T’s favor on its deal to acquire Time Warner. U.S. District Judge Richard Leon ruled Tuesday that AT&T could buy Time Warner with no conditions attached, denying a Justice Department antitrust challenge to the deal. As a result of the ruling, Wall Street analysts are […]
Read moreAnalysts at MoffettNathanson do not think Time Warner will save AT&T. On Tuesday, afederal judge ruledthat the deal, which would give AT&T ownership of cable channels like CNN and HBO as well as the film studio Warner Bros., was legal without any conditions. On Wednesday, analyst Craig Moffett said in a research note that the […]
Read moreSecretary of State Mike Pompeo says joint U.S.-South Korea military exercises will resume if North Korea stops negotiating in good faith over its nuclear program. Pompeo is in South Korea a day after President Donald Trump met with Kim Jong Un and announced the U.S. would freeze what he called “war games” with North Korea. […]
Read moreDonald Trump‘s concerns over international trade are understandable but the U.S. president is choosing the wrong approach to level the playing field, the U.K.’s trade chief told CNBC Wednesday. Speaking at 10 Downing Street, the U.K.’s International Trade Secretary Liam Fox said he “understands” the U.S. reservations related to Chinese overproduction, Chinese market access, and […]
Read moreTwitter announced updates to its platform on Wednesday that it says should make it easier for users to find and follow big events and news. Twitter, which has grappled with slowing user growth, credited making it easier for people to follow topics, interests and events on Twitter as part of the reason why it was […]
Read moreNetflix is an unassuming insurrectionist. CEO Reed Hastings is known for the endearing sweaters he wears during his investor calls. Past and present co-workers say he’s respectful and hands-off. Netflix‘s culture is famously lenient: Employees have freedom to work on projects they find important and get unusual perks, including unlimited vacation, no set schedules, and […]
Read moreThe media industry is in a frenzy. AT&T is buying Time Warner for $85 billion after overcoming a challenge from the Justice Department. The Murdoch family has agreed to sell the majority of its 21st Century Fox empire to Disney. Comcast plans to crash that deal with a higher offer. It has also outbid Fox […]
Read moreBitcoin’s epic rise last year may have been more than investor fervor. New research published Wednesday shows that at least half of the jump in bitcoin was due to coordinated price manipulation. University of Texas finance professor John Griffin, who has a 10-year track record of spotting financial fraud, alongside graduate student Amin Shams examined […]
Read moreBillionaire tech pioneer Steve Case urged AT&T on Wednesday to learn from AOL’s failed merger with Time Warner, which unraveled less than a decade after it was announced in 2000. Case, co-founder of AOL, appeared on CNBC’s “Squawk Box,” a day after a federal judge cleared the way for AT&T’s $85.4 billion bid to buy […]
Read more