21st Century Fox saw Disney as a safer regulatory bet than Comcast when deciding on competing bids, a Monday filing with the U.S. Securities and Exchange Commission reveals. The registration document states that “while a potential Disney transaction was likely to receive required regulatory approvals and ultimately be consummated, a strategic transaction with Comcast continued […]
Read moreThey may have to start passing out neck braces on trading floors if the White House’s contradictions on trade policies continue much longer. Investors are getting whiplash from watching the back-and-forth happening among Trump administration officials who can’t seem to agree on a trade policy. Monday’s action featured a series of mixed messages about President […]
Read moreUber will be allowed to continue operating in London after a judge overturned a ban in the U.K. capital on Tuesday. Uber was granted a 15-month license, with some conditions. The regulatory agency Transport for London (TFL) accused Uber last year of showing a “lack of corporate responsibility” in relation to “public safety and security,” […]
Read more“Stubborn opposition” to fossil fuels is standing in the way of lifting billions of people out of poverty, U.S. Energy Secretary Rick Perry told a major gathering of natural gas professionals on Tuesday. Perry is spearheading President Donald Trump‘s goal of making the United States the dominant player in the global energy market. On Tuesday, […]
Read moreCompanies who buy Iranian crude oil must completely cut those exports by the start of November or else they will face powerful U.S. sanctions, a senior State Department official told reporters on Tuesday. Oil prices spiked following the announcement, which indicates that the Trump administration will not allow countries to gradually phase out Iranian crude […]
Read moreTechnology stocks in the U.S., with generally higher valuations compared with the broader market, are fairly priced in the current environment, Richard Turnill, global chief investment strategist at BlackRock, told CNBC on Tuesday. “When we talk about this market trapped in a range … and then you look at share prices of many tech companies […]
Read moreSpotify is reinventing the way music is sold and could gain upwards of 20 percent, analysts with Barclays said Tuesday. “Our optimism around SPOT stems from the company’s history of creating best-in-class products and user experience and innovating ahead of peers,” Barclays analysts said in a note. The firm issued an overweight rating on the […]
Read moreGoogle sister company Calico and drug giant AbbVie are chipping in another $1 billion to cure aging, the companies said Tuesday. Alphabet’s Calico and AbbVie first partnered in 2014 to combat age-related diseases, including cancers and neurodegenerative diseases. The additional contributions bring Calico’s total funding to $2.5 billion. Aging is an attractive area in the […]
Read moreGetty Images Apple CEO Tim Cook speaks during an Apple special event at the Flint Center for the Performing Arts on September 9, 2014 in Cupertino, California. Apple released the public preview of iOS 12 on Monday evening, which means you can already try some of the new features that will hit iPhones and iPads […]
Read moreEight of the tech industry’s most influential companies, in anticipation of a repeat of the Russian meddling that occurred during the 2016 presidential campaign, met with United States intelligence officials last month to discuss preparations for this year’s midterm elections. The meeting, which took place May 23 at Facebook’s headquarters in Menlo Park, Calif., was […]
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