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Murdoch's Twenty-First Century Fox bids $14 billion for UK's Sky

NEW YORK/LONDON Rupert Murdoch's Twenty-First Century Fox Inc has struck a preliminary deal to buy the 61 percent of British pay-TV firm Sky Plc it does not already own for around $14 billion, five years after a political scandal wrecked a previous bid. | Video

Recent Business News

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.

Trump names Dow Chemical CEO Liveris to head Manufacturing Council

President-elect Donald Trump said on Friday he would name Andrew Liveris, chairman and chief executive of Dow Chemical Co, to head the Manufacturing Council, a private sector group that advises the U.S. secretary of commerce.

Election 2016, Politics Dec 09 2016

Exclusive: Reinsurer Beechwood explores sale after Platinum woes - source

NEW YORK The Beechwood group of reinsurance companies is in talks to sell most or all of itself after a backlash from some clients due to its relationship with troubled hedge fund manager Platinum Partners, according to a person familiar with the situation.

Dec 09 2016

Aetna CEO defends merger with Humana in antitrust trial

WASHINGTON Aetna Inc's chief executive denied on Friday that its withdrawal from some Obamacare exchanges was in retaliation for government efforts to halt its merger with Humana Inc , as he sought to convince a federal judge to approve the deal. The U.S. Justice Department sued to stop the $34 billion tie-up in July, saying that it and another insurance mega merger, Anthem Inc's planned purchase of Cigna Corp , would mean higher

Dec 09 2016

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