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Media Publishing

  • Former Chicago Alderman Edwin Eisendrath and the group of investors beat out Tronc Inc, which owns the Chicago Tribune as well as other U.S. newspapers. Terms of the deal between ST Acquisition Holdings and Sun-Times parent Wrapports LLC were not disclosed. The group is comprised of corporate restructuring expert William Brandt, the Chicago Federation of...

  • A Daimler AG Mercedes Benz M-Class vehicle moves along the production line at the company's international assembly plant in Vance, Alabama, May 28, 2014.

    German carmaker Daimler has been accused of selling over a million cars with excessive emissions in Europe and the United States, Sueddeutsche Zeitung newspaper said on Wednesday.

  • BERLIN, July 12- German carmaker Daimler has been accused of selling over a million cars with excessive emissions in Europe and the United States, Sueddeutsche Zeitung newspaper said on Wednesday, citing a search warrant issued by a Stuttgart court. Two months ago Stuttgart prosecutors searched Daimler sites in Germany following allegations of false...

  • LONDON, July 12- Top Bank of England official Ben Broadbent is not ready to raise interest rates just yet, he said in a newspaper interview published on Wednesday, substantially lessening the chances that borrowing costs will rise soon. Deputy Governor Broadbent said the mood among businesses was central to his analysis and that it was "very difficult" for the...

  • *FTSE 100 down 0.6 pct at close. LONDON, July 11- Britain's top share index retreated on Tuesday as falls in defensive stocks as well as Pearson and Marks& Spencer overshadowed gains in miners. They included Vodafone, British American Tobacco, AstraZeneca and Diageo, as well as financials Prudential and Lloyds Bank.

  • *Raises around $1 billion from 22 pct stake sale. LONDON, July 11- Pearson is set to raise $1 billion from the sale of a 22 percent stake in book publisher Penguin Random House to majority owner Bertelsmann, in the British group's latest bid to rebuild following a string of profit warnings. Established as a joint venture between Pearson and Bertelsmann in 2013,...

  • *FTSE 100 down 0.6 pct. LONDON, July 11- Britain's top share index retreated on Tuesday as falls in defensive stocks as well as Pearson and Marks& Spencer overshadowed gains in miners. "There's a bit of strength coming through in the pound, which is causing some of the exporters and bond proxy stocks to have some weakness," Jonathan Roy, advisory investment manager at...

  • LONDON, July 11- Britain's Pearson has agreed to sell a 22 percent stake in book publisher Penguin Random House to joint venture partner Bertelsmann for around $1 billion to bolster its balance sheet and return cash to shareholders. The deal, which values the book publisher at an enterprise value of $3.55 billion, will also enable the two groups to recapitalise...

  • LONDON, July 11- Britain's Pearson has agreed to sell a 22 percent stake in the book publisher Penguin Random House to joint venture partner Bertelsmann for around $1 billion to bolster its balance sheet and return cash to shareholders. Pearson, restructuring after a string of profit warnings from its education unit, said the sale would strengthen its balance...

  • handshake merger and acquisitions

    Bankrate on Monday announced it has agreed to be acquired by Red Ventures in an all-cash deal with an enterprise value of about $1.4 billion.

  • Jeff Bezos

    After turning The Washington Post into a profitable business, Amazon founder Jeff Bezos passes along some lessons.

  • BUENOS AIRES, June 14- Ernestina Herrera de Noble, publisher of Argentina's most widely circulated newspaper and one of the country's wealthiest women, died in Buenos Aires on Wednesday, a spokesman for Grupo Clarin confirmed. Late in her tenure, Grupo Clarin, which is listed on the Buenos Aires bourse, became locked in a dispute with former Argentine President...

  • SAO PAULO, June 12- Brazilian President Michel Temer's administration is considering cutting the highest income tax threshold for individuals to shore up support among the middle class for his beleaguered government, O Estado de S. Paulo newspaper said on Monday. Those eligible for Brazil's top social assistance program Bolsa Familia would get a 4.5 percent...

  • BERLIN, June 11- Germany's DIHK Chambers of Industry and Commerce expects 500,000 new jobs to be created in the German economy this year, the Rheinische Post newspaper reported in Monday editions. The number emerged from a survey of DIHK members, with the health care service sector alone set to to create 130,000 jobs, largely due to the ageing population and...

  • DUBLIN, June 11- Ireland's prime minister designate Leo Varadkar is to scrap plans to set aside 1 billion euros per year into a "rainy day fund" and will instead use the resources to fund infrastructure, the Sunday Business Post newspaper reported. Finance Minister Michael Noonan, who is to step down once Varadkar is confirmed as Ireland's new prime minister by...

  • *Plans to stay on until sale of Opel to PSA completed-FAS. BERLIN/ FRANKFURT, June 10- The chief executive of General Motors' European arm Opel, Karl-Thomas Neumann, plans to resign as GM prepares to sell the business to France's PSA Group, German newspaper Frankfurter Allgemeine Sonntagszeitung reported on Saturday. Neumann wants to stay on board only until GM...

  • BERLIN, June 10- Karl-Thomas Neumann, chief executive of Open, the European arm of General Motors, plans to resign, German newspaper Frankfurter Allgemeine Sonntagszeitung reported on Saturday. Neumann wants to stay on board only until GM completes the sale of Opel to France's PSA Group, the newspaper said. Opel this week said the sale, valued at 2.2 billion euros,...

  • SHANGHAI, June 2- The adjustment to the mechanism China's central bank uses to set the daily yuan midpoint was a pre-emptive move to offset the effects from expectations of a U.S. interest rate increase this month and the stresses of seasonal dollar demand, the Financial News said on Friday. The newspaper, owned by the People's Bank of China, said the risks from...

  • Bill Simmons at the 2017 Code Conference on May 31, 2017.

    How ex-Grantland's Bill Simmons can make a comeback after flopping with HBO.

  • The latest round of buyouts will be mostly offered to editors, as the company seeks to shift the balance of editors to reporters, according to an internal memo that was filed with regulators from Dean Baquet, executive editor, and Joe Kahn, managing editor. The newspaper publisher said it expected to take a charge of $17 million- $23 million related to the workforce...