Skip to main content

Business

Technology · May 17, 2021 · 11:50 PM UTCAT&T set to end media voyage with $43 bln Discovery deal

AT&T (T.N), owner of HBO and Warner Bros studios, and Discovery (DISCA.O), home to lifestyle TV networks such as HGTV and TLC, said they will combine their content to form a standalone global entertainment and media business.

EnergyU.S. gas stations still shut, prices at 7-yr high in slow recovery from cyberattack
TechnologyApple's App Store chief kicks off iPhone maker's defense at Epic Games trial
AmericasU.S., Canadian trade chiefs air concerns ahead of USMCA trade deal meeting
FinanceBerkshire sheds nearly all of Wells Fargo, a holding since 1989
Autos & TransportationU.S. labor leader calls for human drivers in automated vehicles
BusinessMicrosoft says it investigated Gates' involvement with employee
TechnologyAnalysis: AT&T, Discovery deal highlights media’s thirst to be like Netflix
EuropeEU eyes another go at more unified European business taxation

The European Commission wants to propose in 2023 a more unified way of taxing companies in the European Union, hoping that such rules, which have failed to win support in the past, will stand a better chance if they follow global OECD solutions expected this year.

TechnologyHow a golf tournament led to the merger of Discovery, WarnerMedia
FinanceBitcoin drops to 3-month low in wild trading after Musk tweets
BusinessWall St ends lower, pulled down by tech stocks
BusinessSome big U.S. hedge funds loaded up on SPACS, value stocks during first quarter
TechnologyTencent Music beats result estimates on subscription, ad boost
BusinessWall St weighed down by inflation jitters
BusinessEastman Kodak says New York preparing insider-trading lawsuit
BusinessSiemens to acquire U.S.-based Supplyframe for $700 million
FinanceInvestment firms took positions on stocks hit by Archegos implosion, Gamestop
Autos & TransportationBosch CEO: chip supply could remain tight until 2022

The supply of crucial semiconductors to the car sector could remain tight until 2022, the chief executive of the world's largest automotive supplier, Robert Bosch GmbH, told German newspaper Frankfurter Allgemeine Zeitung.