$65 Billion Comcast Bid for Fox Assets Sets Off Disney Fight
Comcast made an unsolicited offer to buy most of 21st Century Fox for roughly $65 billion, kicking off a bidding war with Walt Disney as the two media titans jockey for position in a business undergoing tumultuous change.
Rolls-Royce to Cut 4,600 Jobs
British aircraft-engine maker Rolls-Royce, facing investor pressure to boost competitiveness, said it would shed 4,600 jobs even as it grapples with mounting problems with an engine powering Boeing 787 Dreamliners.
Volkswagen Fined $1.17 Billion in Germany in Emissions-Cheating Scandal
German prosecutors described the penalty as one of the highest ever levied on a German company.
Lehman Settles $1.2 Billion Derivatives Fight With Credit Suisse
The remnant of Lehman Brothers Holdings Inc. has settled a $1.2 billion derivatives lawsuit with Credit Suisse Group AG, wrapping up one of the last remaining big legal battles involving the failed investment bank.
AT&T's Time Warner Prize-A Load of Hollywood Headaches
The telecom giant's legal odyssey may soon seem like a breeze compared to delivering on the promise of the $80 billion deal. A major challenge will be integrating a staid phone company with an entertainment behemoth filled with larger-than-life personalities.
Comcast's Big Bid Shouldn't Distract From Regulatory Risks
The approval of the AT&T-Time Warner deal doesn't mean Comcast-Fox would pass muster too, which gives Disney an advantage.
Apple Tests Feature That Could Hamper Access to iPhones
Apple is working on a new security feature that could make it harder for investigators to retrieve data from iPhones, the latest twist in its long-running standoff with law-enforcement agencies over user privacy.
Apple's New App-Privacy Rules Expose Past Loopholes
Apple is trying to enforce new privacy policies across its vast network of iPhone and iPad apps-and in the process is exposing longstanding gaps that left users' data vulnerable to abuse.
Chicago Picks Musk's Boring Co. for O'Hare Express Service
Elon Musk's Boring Co. was picked to finance and build an express train from the downtown Loop neighborhood to Chicago's O'Hare International Airport.
With Time Warner Deal, AT&T Bulks Up on Content-and Debt
AT&T Inc.'s $85 billion purchase of Time Warner Inc. is on track to go down as one of the largest acquisitions in history, but the deal will be dwarfed by an even larger figure: the combined company's approximately $181 billion debt load.
(END) Dow Jones Newswires
June 14, 2018 05:15 ET (09:15 GMT)
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