NEW YORK— The Latest on battle for Twenty-First Century Fox:. The battle for Twenty-First Century Fox reflects a new imperative among entertainment and telecommunications firms. AT&T just bought Time Warner for $81 billion, after a federal judge rejected the government's antitrust concerns.
FORT WORTH, Texas— American Airlines plans to cut an undisclosed number of management jobs that top executives say are no longer needed more than four years after merging with US Airways. CEO Doug Parker and President Robert Isom told management and support employees Tuesday that the company needs to be more productive for its long-term success.
NEW YORK— Kate Spade New York has announced plans to donate $1 million to support suicide prevention and mental health awareness causes in tribute to the company's late founder. To start, the company said Wednesday the Kate Spade New York Foundation is giving $250,000 to the Crisis Text Line, a free, 24- hour confidential text message service for people in crisis.
WASHINGTON— Lawmakers from both parties are criticizing tariffs the Trump administration has imposed on imported steel and aluminum products in the name of national security. Orrin Hatch, the chairman of the Senate Finance Committee, says the tariffs are damaging the economy, hurting American consumers and disrupting relationships with long-time allies...
CONCORD, N.H.— The case over a traveling medical technician who infected dozens of patients with hepatitis C in multiple states is close to ending. New Hampshire's Exeter Hospital has settled with a staffing agency but is still suing a registry organization over technician David Kwiatkowski who was arrested in 2012.. Despite several firings over drug...
BOSTON— A compromise bill emerged on Wednesday that would require paid family leave in Massachusetts, gradually raise the state's minimum wage to $15 an hour and establish a permanent summer sales tax holiday while keeping the tax at its current 6.25 percent. The Retailers Association of Massachusetts was sponsoring a ballot question that would have...
WASHINGTON— U.S. existing home sales slipped 0.4 percent in May, as the prolonged shortage of properties on the market is deterring home-buying. The National Association of Realtors said Wednesday that homes sold at a seasonally adjusted annual pace of 5.43 million in May, the second straight monthly decline. It also pushed up home values as the median sales...
Amazon, JPMorgan Chase and Berkshire Hathaway have picked well-known author and Harvard professor Dr. Atul Gawande to transform the health care they give their employees. Employer-sponsored insurance covers about 157 million people, according to the Kaiser Family Foundation.
The annual survey by J.D. Power finds that buyers reported a record-low 93 problems per 100 vehicles during the first three months of ownership, four problems fewer than last year. J.D. Power also found that the Detroit three improved their quality faster than the industry as a whole. Touch-screen infotainment systems such as radios, cellular phone connections...
HARTFORD, Conn.— The developer of a school shooting video game condemned by parents of slain children has lost the ability to sell its products online after being dumped by PayPal. Acid Software said Tuesday that purchases of "Active Shooter" were "temporarily disabled" as its representatives tried to resolve the issues with PayPal. The removals followed...
LEAWOOD, Kan.— AMC Theatres is rolling out its own movie ticket program as it looks to take on the success of MoviePass. MoviePass, a startup that was letting customers watch a movie a day at theaters for just $10 a month, announced in April that it's limiting new customers to four movies a month. Moviegoers partaking in Stubs A-List will be able to see films at any...
*He maintains $681 mln in his account came from Saudi Arabia. *Najib says never asked Jho Low to act for him in 1 MDB deals. LANGKAWI, Malaysia, June 20- Former Malaysian prime minister Najib Razak says he shouldn't be blamed for the multi-billion-dollar 1 MDB scandal, and declares he knows nothing about money from the state fund appearing in his personal account.
*He maintains $681 mln in his account came from Saudi Arabia. *Najib says never asked Jho Low to act for him in 1 MDB deals. LANGKAWI, Malaysia, June 20- Former Malaysian prime minister Najib Razak says he shouldn't be blamed for the multi-billion-dollar 1 MDB scandal, and declares he knows nothing about money from the state fund appearing in his personal account.
U.S. stock markets are opening higher Wednesday as investors set aside fears about a U.S. trade war with China for the moment. Global markets were shaken Tuesday as the U.S. and China escalated their trade dispute with fresh threats of tariffs, although U.S. stocks recovered most of their losses by the end of trading. Markets in Asia and Europe recovered some of...
EXCLUSIVE- MALAYSIA'S NAJIB SAYS LUXURY HANDBAGS, CASH AND OTHER ITEMS SEIZED IN POLICE RAIDS WERE NOT BOUGHT WITH 1 MDB FUNDS.
*OPEC meets on June 22, hopes to agree production policy. *Iran and other OPEC members resisting increase in supply. LONDON, June 20- Oil prices rose on Wednesday, supported by reports of a drop in U.S. commercial crude inventories and the loss of storage capacity in Libya, but under pressure ahead of a meeting of OPEC exporters which may increase global production.
NEW YORK— AMC Theatres, the world's largest movie theater chain, has unveiled a $20- a-month subscription service to rival the flagging MoviePass. That's more expensive than the $9.95 monthly fee for MoviePass, but AMC's plan gives access to premium format screenings like IMAX and 3- D. AMC Theatres chief executive Adam Aron pointedly said in a statement that...
June 20- Walt Disney Co raised its bid for Twenty-First Century Fox Inc assets to $71.3 billion on Wednesday, sweetening its offer with cash as it looks to scuttle Comcast Corp's $65 billion offer last week. Disney's revised offer of $38 a share, which would be split 50-50 in cash and stock, is $10 higher than Disney's first bid in December 2017.
Federal Reserve will likely keep raising short-term interest rates at only a gradual pace, Fed chair Jerome Powell said Wednesday, partly because there are few signs, so far, that the ultra-low U.S. unemployment rate is pushing up inflation. In a speech in Portugal, Powell said that with the unemployment rate at an 18- year low of 3.8 percent and inflation near the...
MILAN, June 20- Fat order books covering several years of sales have made European aerospace and defence firms a winning bet as a slowing economy and political instability have clouded prospects for the region's equity market. "Order books are currently very large gives visibility and makes the group somewhat more resilient from the general economic cycle,"...
