The Business Roundtable said its members forecast that growth this year will clock in at 2.3%, down from last quarter's estimate of 2.6%.Politicsread more
Activists with Black Lives Matter, who met privately with Buttigieg in the weeks after police shot and killed Eric Logan, say the 37-year-old mayor brushed off their concerns...2020 Electionsread more
Wall Street economists think the Fed will cut rates by 25 basis points at its September meeting but have differing views about what will happen in the future.Marketsread more
Trump said he "is revoking" a federal waiver that allowed the state to craft its own rules on greenhouse gas emissions from vehicles.Politicsread more
The unspecified action comes after the U.S. accused Iran of carrying out the weekend attacks on critical Saudi oil installations.Politicsread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
Drone and missile debris recovered by investigators at the Saudi Aramco attack site is proof of Iranian culpability, a Saudi defense ministry representative told media on...World Politicsread more
Four Wall Street firms downgraded FedEx after the company's poor earnings report.Marketsread more
Some worry the regulators will squander an opportunity to crack down on potentially monopolistic behavior due to their own infighting.Technologyread more
FedEx CEO Fred Smith is "basically implying that we're going to import" a global slowdown," says CNBC's Jim Cramer.Investingread more
Oil prices retreated after President Donald Trump said he ordered the Treasury Department to "substantially increase" sanctions on Iran.Energy Commoditiesread more
CBS offered $5 billion to acquire Lions Gate's premium cable channel Starz about two months ago but was rejected, according to a person familiar with the matter.
The Lions Gate board felt the offer undervalued Starz, which has more than 25 million U.S. subscribers. Starz competes with premium channels HBO and Showtime on traditional TV and has a standalone streaming app, Starz Go.
Still, executives at Lions Gate believe the company fits well within CBS and are open to the idea of selling to CBS or a combined CBS-Viacom at a higher price, said the person, who asked not to be named because the discussions are private. CBS isn't interested in buying the entirety of Lions Gate, the person said.
A deal for Starz doesn't preclude CBS from moving forward with a merger with Viacom, another person said. CBS and Viacom are slowly moving closer to a deal and negotiations over price could start as soon as next month, a third person said. A CBS spokesman declined to comment.
CBS and Viacom are actively looking for scale to better compete with behemoths Netflix, Amazon, Comcast, Disney and AT&T's WarnerMedia. Buying Starz would add high profile shows like "Power," "American Gods" and "Outlander" to CBS's entertainment library as well as provide the company with greater access to international content viewers. Viacom would give CBS added scale with networks such as MTV, Nickelodeon and Comedy Central.
Representatives for Lions Gate declined to comment.
— CNBC's Julia Boorstin contributed to this story.
Disclosure: Comcast is the parent company of CNBC.