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Murdoch's new Sky bid should be probed, UK opposition politicians say

LONDON Rupert Murdoch's new takeover approach for British pay-TV firm Sky should be investigated by the UK's competition authorities, according to opposition politicians, though analysts said a deal should be easier to get through this time round.

Recent Business News

Coke CEO Muhtar Kent hands reins to Quincey in widely expected move

Coca-Cola Co said on Friday that Muhtar Kent would step aside as chief executive next year and be replaced by James Quincey, a company veteran credited with several recent changes to help the company cut its dependence on sugary drinks. | Video

Dec 09 2016

U.S. agency concerned about destroyed, lost phones in VW probe

WASHINGTON A U.S. agency involved in settlement talks with Volkswagen AG over its diesel emissions scandal has raised concerns about nearly two dozen mobile phones destroyed or lost by the German carmaker.

Dec 09 2016

All eyes focused on clues for future Fed hikes

PARIS Just how fast the Federal Reserve hikes rates next year will be the all-important question global investors will be hoping to get answered when the U.S. central bank meets next week.

Dec 09 2016

Ex-Cantor Fitzgerald mortgage bond trader indicted in U.S. for fraud

A former Cantor Fitzgerald trader has been indicted on charges that he defrauded investors by lying about the price of mortgage bond transactions he handled for them after the financial crisis, U.S. prosecutors said on Friday.

Dec 09 2016

Exxon CEO is now Trump's secretary of state favorite - transition official

GRAND RAPIDS, Mich. Exxon Mobil Corp Chief Executive Officer Rex Tillerson emerged on Friday as President-elect Donald Trump's leading candidate for U.S. secretary of state, a senior transition official said.


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