With market on edge, investors look to tech trio
SAN FRANCISCO (Reuters) – The pressure is on for Amazon, Alphabet and Microsoft as they prepare to report quarterly results at a time when confidence in those market leaders looks…
Walmart partners with MGM to boost video-on-demand service Vudu
NEW YORK (Reuters) – Walmart Inc (WMT.N) said on Monday it would partner with U.S. movie studio Metro Goldwyn Mayer to create content for its video-on-demand service, Vudu, which the…
Vivendi reaffirms support for TIM CEO, decries ‘rumor campaign’
PARIS/MILAN (Reuters) – Top shareholder Vivendi (VIV.PA) reaffirmed its support for Telecom Italia’s (TIM) (TLIT.MI) Chief Executive Amos Genish, while accusing activist fund Elliott of running a “rumor campaign” to…
Comcast outbids Fox with $40 billion offer for Sky in auction
LONDON (Reuters) – Comcast (CMCSA.O) beat Rupert Murdoch’s Twenty-First Century Fox (FOXA.O) in the battle for Sky (SKYB.L) on Saturday after offering 30.6 billion pounds ($40 billion) in a dramatic…
What sector overhaul means for tech stocks, Wall Street
NEW YORK (Reuters) – The most significant changes to Wall Street’s broad industry sectors since 1999 will take effect Monday, reclassifying many of the hot growth companies that have been…
UK’s Sky to invest in Israeli VC fund and open Berlin office
(Reuters) – Pay-TV group Sky plans to step up investments in tech start-ups in Europe and the Middle East by opening a new office in Germany and investing $4 million…
Activist Elliott argues Sky is worth over $34 billion, UK regulator says
LONDON (Reuters) – Activist hedge fund Elliott believes Walt Disney’s (DIS.N) deal to buy assets from Twenty-First Century Fox (FOXA.O) has valued Sky (SKYB.L) at more than $34 billion, higher…
Chinese internet stock sell-off may shake faith in FANGs
SAN FRANCISCO (Reuters) – A steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called FANG group have some investors worried that a key component…
Tribune Media files suit, terminates Sinclair merger deal
(Reuters) – Tribune Media Co (TRCO.N) said on Thursday it had terminated a $3.9 billion deal to be acquired by Sinclair Broadcast Group (SBGI.O) and was suing Sinclair for breach…
Bayer hits back at new Netflix medical device documentary
NEW YORK (Reuters) – Bayer AG disputed accusations in a new Netflix documentary that claims medical device makers and the U.S. Food and Drug Administration placed profits before patient safety.…