Comcast Corp. said it is in advanced stages of preparing a higher, all-cash offer for the assets of 21st Century Fox Inc. that Walt Disney Co. has agreed to buy, an effort it made public Wednesday to convince Fox shareholders of the seriousness of its offer. 21st Century Fox and Wall Street Journal-parent News Corp. share common ownership.
Netflix Inc.'s market value eclipsed that of cable giant Comcast on Wednesday, highlighting the dramatic rise of video streaming at the expense of traditional television, reports Bloomberg.
Uber Technologies Inc. will pay for sick leave and some other health-related benefits for all of its regular drivers and couriers in Europe in a bid to ease tensions with workers who have sought better employment perks.
Uber is closing down its self-driving vehicle program in Arizona about two months after one of its robot cars struck and killed a pedestrian there.
Motorcycle-taxi service PT Go-Jek Indonesia will invest $500 million to expand its operations in Southeast Asia, revving up competition in a fast-growing consumer market just two months after Uber reached a landmark deal to exit from the region.
Deutsche Bank AG on Thursday confirmed plans to cut thousands of jobs as part of an overhaul to reduce costs, as new Chief Executive Christian Sewing attempts to put the troubled lender on a path to stability.
William Ackman’s Pershing Square Capital Management LP took a roughly $1 billion stake in Lowe’s Cos., joining activist investor D.E. Shaw & Co. and hoping to profit as the retailer tries to make improvements under a new chief executive.
General Electric Co. Chief Executive John Flannery warned investors Wednesday that the company’s big power business faces years of pressure and reminded them that major changes at the conglomerate will take some time.
General Electric’s deal to spin off its railroad business to Wabtec Corp. unites the creations of two of the 19th century’s most famous inventors and rivals: Thomas Edison and George Westinghouse.
Exxon Mobil Corp. plans to reduce methane emissions by 15% by 2020, the latest in a series of pledges by major oil companies to voluntarily curtail releases of the potent greenhouse gas.
Thyssenkrupp AG Chief Executive Heinrich Hiesinger is feeling the heat after the industrial group’s share price posted its biggest one-day gain in nearly a decade, rallying 10% on news that hedge fund Elliott Management Corp. was taking a stake, reports Reuters.
Samsung Electronic Co., the world’s largest maker of smartphones, TVs and semiconductors, wants to put artificial intelligence features and internet connectivity onto all its products by 2020. The goal: transforming its stand-alone home appliances into an army of synced devices capable of fielding verbal commands.
Russian aluminum giant United Co. Rusal on Thursday said Chief Executive Alexandra Bouriko and seven board members resigned in an effort to help the company escape the Trump administration’s sanctions program.
Deutsche Telekom AG said Thursday that it is aiming to “significantly” cut costs and that it is mulling share buybacks as part of plans to pay shareholders, reports MarketWatch.
Shares of Samsonite International SA, the world’s largest luggage maker by volume, on Thursday suffered their worst drop in six years after a short seller issued a report critiquing the company’s business practices and claiming that the chief executive should be fired for committing resume fraud.
Paddy Power Betfair PLC said it has agreed to merge its U.S. operations with FanDuel Inc., in a deal that will give Paddy Power 61% ownership of the combined business.
Target Corp. said sales are rising as the big-box chain benefits from a strong economy and recent investments in stores and online, but those investments continue to weigh on profits.
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