Category Archives: Business

Disney to buy Fox film, TV businesses for $52.4 billion in stock

LOS ANGELES, CALIFORNIA, UNITED STATES (REUTERS) – Walt Disney Co on Thursday (December 14) agreed to buy film, television and international businesses from Rupert Murdoch’s Twenty-First Century Fox Inc for $52.4 billion in stock. Continue reading

21Nov/17

Tencent surpasses Facebook in market value

Tencent Holdings has racked up some impressive gains this week – becoming the first Chinese firm to be worth more than $500 billion and surpassing Facebook to be the world’s fifth-most valuable company. Grace Lee reports Continue reading

13Nov/17

Uber OKs SoftBank’s bid to buy stake

The peace deal struck by Uber’s board will allow Softbank to make an investment worth up to $10 billion, according to sources. Fred Katayama reports. Continue reading

13Nov/17

Think bitcoin’s getting expensive? Try Zimbabwe

With Zimbabwe under threat of cash shortages and hyperinflation, some are turning to highly-volatile cryptocurrencies like bitcoin as a safer haven for their money. Matthew Larotonda reports. Continue reading

11Nov/17

China shopping festival smashes record with $25 bln haul

SHANGHAI, CHINA (NOVEMBER 11 AND 12, 2017) (REUTERS) – Alibaba, the Chinese e-commerce giant, said that its Singles’ Day sales extravaganza on Saturday’s (November 11) hit $25.4 billion, smashing its own record from last year and cementing it as the world’s biggest shopping event. Continue reading

10Nov/17

Embattled Uber loses UK workers rights appeal

A British tribunal has upheld a lower body’s decision that Uber drivers are entitled to rights including minimum wage and vacation time. It’s yet another blow to the taxi service as it struggles to survive in its most important European market. Matthew Larotonda reports. Continue reading

08Nov/17

Apple breaks $900 bln market cap, leads Wall St to record highs

NEW YORK, NEW YORK, UNITED STATES (NOVEMBER 8, 2017) (NYSE) – Wall Street closed at a record high on Wednesday (November 8) as Apple’s AAPL.O market capitalization climbed above the $900 billion mark and videogame makers rallied. Continue reading

08Nov/17

Snapchat owner’s shares plunge

Snap’s shares tumbled after it disappointed with revenue and user growth. But the stock recovered slightly after Snap said China’s Tencent holds 12 pct stake. Roselle Chen reports. Continue reading