Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
The Wall Street Journal's report came as a top Ukraine official said President Donald Trump "is looking" for Ukraine officials to investigate business dealings of Biden's son...Politicsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
Gun maker Colt announced Thursday that it will halt its production of AR-15 rifles for civilian sales, but the news might not be as exciting for gun control advocates as it...Guns and Weaponsread more
As thousands of people across the world participate in the Global Climate Strike, several Democratic presidential candidates have shared how they will take aggressive action...Scienceread more
company@ (Updates with ProSieben CEO quote)
MILAN/FRANKFURT, May 31 (Reuters) - Broadcasters ProSiebenSat.1 and Mediaset denied a newspaper report on Friday that they were in talks on creating a pan-European TV company after the Italian media house bought a 9.6% stake in its German rival this week.
The holding company would be based in the Netherlands or Belgium and not in countries such as Italy, Spain or Germany where the broadcasters have much of their business, Italian daily Il Messaggero reported, citing a plan drawn up by Mediaset's adviser Citi.
"We are not engaged in such discussions. We are making good progress in executing our strategy and are fully focused on developing ProSiebenSat.1 into a digital and future-ready company," ProSieben CEO Max Conze said.
ProSieben was focusing on the launch next month of its streaming joint venture with Discovery Inc, called Joyn, as well as initiatives to develop 'smart' advertising, Conze added in a statement.
Separately, a Mediaset spokesman also denied the company was in talks with ProSieben on forming a pan-European TV group. Citi was not immediately available for comment.
Mediaset this week became ProSiebensat's second largest shareholder, building a stake in its German peer following months of speculation it wanted to merge with the Munich-based operator.
Mediaset, which is controlled by the holding company of the family of Italian former prime minister Silvio Berlusconi has made no secret of its ambition to become the first free pan-European broadcaster.
The Milan-based broadcaster tried to broaden its business in 2016 with a pay-TV deal with French media group Vivendi aimed at building a southern European media powerhouse.
But the deal fell through when Vivendi backtracked, leading to a court battle that soured relations between the two. Vivendi has a 28.8% holding in Mediaset.
Mediaset shares were up 1%, while ProSiebensat shares are down 0.6% in Friday afternoon trading. (Reporting by Elvira Pollina and Stephen Jewkes in Milan, Douglas Busvine in Frankfurt Editing by Keith Weir)