All of a sudden, it seems, everybody wants to own a U.S. media company, like the recent flurry of interest around Twenty First Century Fox suggests. The sudden surge in M&A activity in media looks to be powered by relatively low asset prices, cheap financing and the prospect of tax cuts.
Business & Financial News, U.S & International Breaking News
Syria toxic gas inquiry to end after Russia again blocks U.N. renewal
An international investigation into who is to blame for chemical weapons attacks in Syria will end on Friday after Russia blocked for the third time in a month attempts at the United Nations to renew the inquiry, which Moscow has slammed as flawed.
Key NAFTA talks open in Mexico amid complaint of U.S. inflexibility
A key round of talks to update the NAFTA trade pact formally opened on Friday, but within hours Canada was complaining about inflexibility by the United States, which is demanding big changes, a union leader said.
Tesla's unfettered ambition will drain finances: analysts
Tesla Inc may have to ask creditors and shareholders for more capital to fund development of an electric semi truck, a new roadster and accelerated production of a high-volume electric sedan, analysts said on Friday.
Keystone pipeline spill pushes oil higher, fuels TransCanada opponents
A major oil spill on the Keystone pipeline in South Dakota helped push U.S. crude prices higher on Friday, while fueling opposition to another pipeline project by owner TransCanada Corp that faces a crunch decision in Nebraska next week.
Despite Amazon, brick stores are not dead yet
Just in time for the Black Friday kick-off to holiday season shopping, stock market investors have been handed tools to bet on the decline of brick-and-mortar retail.
Trump starts paying his own legal bills on Russia probe: attorneys
U.S. President Donald Trump has begun paying his own legal bills related to the Russia investigation and will no longer cover the costs using political donations to his re-election campaign or the Republican Party, his attorneys confirmed on Friday.
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Exp: Nov 17
Exp: Nov 17
U.S. sneaker seller Shiekh Shoes LLC is searching for financing to avoid bankruptcy, its owner Shiekh Ellahi said on Friday, as increasing online competition has caused major upheaval for brick-and-mortar retail chains.