Category Archives: Business News

(Reuters) – Viacom Inc’s bitter contract renewal talks with AT&T Inc’s DirecTV that could see the blackout of MTV, Nickelodeon and Comedy Central by midnight Friday are weighing on a possible tie-up of CBS and Viacom, sources familiar with the discussions said. FILE PHOTO: The Viacom office is seen in Hollywood, Los Angeles, California, April […]

SEOUL (Reuters) – The showdown between U.S. activist hedge fund Elliott Management and Hyundai Motor Group is set to come to a head on Friday when shareholders gather to vote on the fund’s demands for a hefty special dividend and a board shake-up. FILE PHOTO: Paul Singer, founder and president of Elliott Management Corporation, speaks […]

ADDIS ABABA/PARIS/WASHINGTON (Reuters) – Europe and Canada said they would seek their own guarantees over the safety of Boeing’s 737 MAX, further complicating plans to get the aircraft flying worldwide after they were grounded in the wake of two accidents killing more than 300 people. As the U.S. Federal Aviation Administration (FAA) analyses Boeing’s plans […]

GENEVA (Reuters) – Chinese telecoms giant Huawei led the pack with Asia accounting for more than half of the international patent applications at the World Intellectual Property Organization (WIPO) last year, WIPO said on Tuesday. A Huawei company logo is seen outside a shopping mall in Shanghai, China March 7, 2019. REUTERS/Aly Song Huawei, which […]

(Reuters) – PG&E Corp is close to naming a new chief executive officer and revamping its board backed by some of its largest investors, the Wall Street Journal said on Saturday, as the power utility restructures after filing for bankruptcy because of potential liabilities from California wildfires. A PG&E truck carrying an American Flag drives […]

WASHINGTON/NEW YORK (Reuters) – Russian tycoon Oleg Deripaska sued the United States on Friday, alleging that it had overstepped its legal bounds in imposing sanctions on him and made him the “latest victim” in the U.S. probe into Moscow’s alleged election interference. FILE PHOTO: Russian aluminium tycoon Oleg Deripaska and Industry and Trade Minister Denis […]

(Reuters) – A U.S. federal judge has issued a preliminary ruling that Qualcomm Inc owes Apple Inc nearly $1 billion in patent royalty rebate payments, though the decision is unlikely to result in Qualcomm writing a check to Apple because of other developments in the dispute. FILE PHOTO: A woman holds her phone near an […]

(Reuters) – Wells Fargo & Co gave Chief Executive Tim Sloan a 5 percent pay raise for 2018, prompting the Federal Reserve to release a statement saying that it does not sign off on executive pay. Wells Fargo CEO Tim Sloan testifies before a House Financial Services Committee hearing titled: “Holding Megabanks Accountable: An Examination […]