NEW YORK (Reuters) – New York on Sunday dropped its fight against the $40 billion merger of U.S. wireless carriers T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N), saying the state would not appeal a judge’s approval of the deal. New York Attorney General Letit... More »
(Reuters) – T-Mobile US Inc Chief Executive John Legere testified on Friday that he believes U.S. regulators considered Dish Network’s history of attempting to build a wireless network when they approved the merger between T-Mobile and Sprint Corp. A group of ... More »
(Reuters) – McDonald’s Corp dismissed Chief Executive Steve Easterbrook over a recent consensual relationship with an employee, which the board determined violated company policy, the fast-food giant said on Sunday. The board found that Easterbrook, 52, who ha... More »
WASHINGTON (Reuters) – The U.S. Justice Department said it was greenlighting T-Mobile US Inc’s request to acquire rival Sprint Corp after the companies agreed to divest Sprint’s prepaid businesses including Boost Mobile to Dish Network Corp in an effort to cre... More »
BOSTON (Reuters) – Brothers Toby and Derek Rice are on course to win control of EQT Corp’s board of directors two years after having sold their own company, Rice Energy, to the natural gas producer, people familiar with the matter said on Tuesday. Enough votes... More »
HONG KONG (Reuters) – A train collision disrupted services in Hong Kong on Monday, threatening commuter chaos during rush hour in the heart of the Asian financial hub, authorities said. The rare disruption on a network used by nearly 6 million people every wee... More »
(Reuters) – T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) said on Sunday they had agreed to a $26 billion all-stock deal and believed they could win over skeptical regulators because the merger would create thousands of jobs and help the United States beat Ch... More »
FRANKFURT (Reuters) – Deutsche Telekom (DTEGn.DE) CEO Tim Hoettges expressed confidence on Monday that the $26 billion takeover of Sprint Corp (S.N) by its U.S. unit T-Mobile US (TMUS.O) would clear anti-trust hurdles. Hoettges, speaking after the all-stock de... More »
FRANKFURT (Reuters) – Deutsche Telekom (DTEGn.DE) said its leverage would increase beyond its target corridor as a result of the takeover by its unit T-Mobile US (TMUS.O) of Sprint Corp (S.N), but will return to the comfort zone in 2021. Deutsche Telekom’s adj... More »
FILE PHOTO: The logo of Xerox company is seen on a building in Minsk, Belarus, March 21, 2016. REUTERS/Vasily Fedosenko/File Photo (Reuters) – Hedge fund manager Darwin Deason filed a new lawsuit against Xerox Corp (XRX.N) on Friday after it refused to allow h... More »
President of Carnival Cruise Line Australia Sture Myrmell and Vice President and General Manager of Carnival Cruise Line Jennifer Vandekreeke speak to the media in Sydney, Australia, February 16, 2018. Picture taken February 16, 2018. AAP/Joel Carrett/via REUT... More »
FILE PHOTO: A woman exits the Viacom Inc. headquarters in New York, U.S. on April 30, 2013. REUTERS/Lucas Jackson/File Photo (Reuters) – Viacom Inc (VIAB.O) and CBS Corp (CBS.N) are not in active merger discussions, although controlling shareholder Shari Redst... More »
A Keppel Corporation logo in the central business district of Singapore February 22, 2016. REUTERS/Edgar Su SINGAPORE (Reuters) – Singapore’s Keppel Corp Ltd (KPLM.SI) said the impact of a mammoth fine borne by its offshore unit will be a ‘one-off’ in this yea... More »
A sign marks a building housing Oracle offices in Burlington, Massachusetts, U.S., June 21, 2017. REUTERS/Brian Snyder Sydney (Reuters) – Australia’s Aconex Ltd (ACX.AX) said on Monday it had received a A$1.56 billion ($1.2 billion), or A$7.80 in cash-per-shar... More »
FILE PHOTO: The CBS “eye” and logo are seen outside the CBS Broadcast Center on West 57th St. in Manhattan, New York, U.S., April 29, 2016. REUTERS/Brendan McDermid/File Photo (Reuters) – CBS Corp (CBS.N) and Dish Network Corp (DISH.O) resolved a dispute over ... More »
The collapse of the attempt by T-Mobile US to merge with Sprint Corp will underline its importance as a driver of growth when its main owner, Deutsche Telekom, reports quarterly results this week. More »
Sprint Corp (S.N) and T-Mobile US Inc (TMUS.O) said on Saturday they have called off merger talks to create a stronger U.S. wireless company to rival market leaders, leaving No. 4 provider Sprint to engineer a turnaround on its own. More »
T-Mobile US (TMUS.O) will pursue a growth strategy in the United States after ending merger talks with Sprint Corp (S.N) on Saturday, majority owner Deutsche Telekom (DTEGn.DE) said. More »
T-Mobile U.S. Inc (TMUS.O) and Sprint Corp (S.N) plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according ... More »
CBS Corp (CBS.N) will pay at least A$201.1 million ($162 million) in cash to buy Australian broadcaster Ten Network Holdings (TEN.AX), according to documents released on Monday by Ten's administrator. More »
CBS Corp (CBS.N), the United States' most-watched television network, on Monday said it plans to buy its biggest customer in Australia, Ten Network Holdings Ltd (TEN.AX), and launch its streaming service in the country. More »
Arto Nummela, CEO of Nokia-HMD, holds up a Nokia 3310 device during a presentation ceremony at Mobile World Congress in Barcelona, Spain, February 26, 2017. REUTERS/Paul Hanna Nokia’s (NOKIA.HE) newly revitalized phone business went back to the future on Sunda... More »
Media mogul Rupert Murdoch leaves his home in London, Britain March 4, 2016. REUTERS/Stefan Wermuth News Corp (NWSA.O), the owner of the Wall Street Journal, Dow Jones Newswires and book publisher HarperCollins, reported a quarterly loss as it struggles to cop... More »
BOSTON Comcast Corp’s NBCUniversal unit will air live over 6,000 hours of competition on TVs and mobile devices from the Rio Olympic Games and offer viewers up-to-the-minute technology to search and personalize content, Chief Executive Officer Brian Roberts sa... More »
News Corp (NWSA.O), owner of the Wall Street Journal and book publisher HarperCollins, reported its fifth drop in quarterly revenue in a row as print ad sales declined and a strong dollar hit income from outside the United States. The 7.3 percent fall in reven... More »
NEW YORK LinkedIn Corp Executive Chairman Reid Hoffman lost almost half his $2.8 billion fortune on paper Friday as shares of his social media company suffered their largest drop on record. He was not alone in taking heavy losses. Other executives at LinkedIn,... More »
European pay-TV group Sky Plc has struck a deal to screen programs from CBS Corp’s popular Showtime stable, including Billions starring Damian Lewis, as competition for top shows heats up among European broadcasters. The licensing deal will allow Sky to offer ... More »
Rupert Murdoch’s News Corp said rumors about the company’s interest in buying microblogging site Twitter Inc or building a stake in it were untrue. Twitter’s shares, which rose as much as 14 percent on Wednesday, pared some gains and closed up 4.1 percent at $... More »
Business software maker Oracle Corp on Wednesday delivered a third-quarter profit forecast that did not quite meet analysts’ expectations, and the company’s shares fell about 1 percent in extended trading. Oracle forecast third-quarter profit of about 63-66 ce... More »
Laurene Powell Jobs, widow of Apple Inc (AAPL.O) co-founder Steve Jobs, is the lead investor who funded the buyout of News Corp’s (NWSA.O) money losing digital education business Amplify earlier this year. A representative for Powell Jobs’ organization, the Em... More »
Wireless carrier Sprint Corp S.N. said on Sunday it aims to slash fiscal 2016 expenses by as much as $2.5 billion, through layoffs and a wide array of cost controls, as an essential part of its ongoing turnaround efforts. “We are leaving no stone unturned and ... More »
NEW YORK Comcast Corp, the cable and entertainment company, posted in-line third-quarter results on Tuesday, helped by its NBCUniversal’s box-office hit “Minions” and growth in its high-speed Internet and business services divisions. Comcast, which is both the... More »
News Corp said it sold its digital education brand, Amplify, to a management team supported by a group of private investors following slowing growth in the digital curriculum market. The company did not disclose financial terms of the deal. News Corp said in A... More »
News Corp said it would buy Unruly Holdings Ltd, a UK-based video advertisement technology company, giving it the technology that analyzes historical sharing behavior to predict the potential for video ads to go viral. Rupert Murdoch-controlled News Corp will ... More »
LONDON Rebekah Brooks, the Rupert Murdoch protegee cleared last year of orchestrating a criminal campaign that damaged the British establishment, will return to her old job running the tycoon’s British newspapers next week in a stunning comeback. Brooks, who w... More »
NEW YORK Sprint Corp said on Tuesday it will offer an $80 a month cellular phone plan, including both service and smartphone device fees, hoping to draw users who dislike complex price plans and hidden costs. The “All-in” plan will offer unlimited talk, text a... More »
