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Updated: 35 min 30 sec ago

Disney hikes bid for Fox assets to $71.3 billion, tops Comcast

Wed, 06/20/2018 - 2:23pm
(Reuters) - Walt Disney Co raised its bid for the bulk of Twenty-First Century Fox Inc's film and television assets to $71.3 billion on Wednesday, sweetening its deal with cash as it looks to upend Comcast Corp's $65 billion offer.

U.S. court revives Dr Pepper challenge to Coca-Cola 'zero' drinks

Wed, 06/20/2018 - 1:34pm
(Reuters) - A U.S. appeals court on Wednesday revived Dr Pepper Snapple Group Inc's challenge to Coca-Cola Co's effort to register trademarks for soft drinks and sports drinks whose names contain the word "zero."

Boeing targets 2025 for new jet but won't rush decision

Wed, 06/20/2018 - 1:15pm
PARIS (Reuters) - The head of Boeing jetliner sales said on Wednesday he was confident a possible new mid-market jet with the potential to carve out new routes would be ready to enter service in 2025, but stressed the planemaker would not be rushed into a decision.

Tesla accuses former employee of hacking and transferring data

Wed, 06/20/2018 - 1:00pm
SAN FRANCISCO (Reuters) - Tesla Inc has sued a former employee claiming that he hacked the electric carmaker's trade secrets and transferred large amounts of company data to third parties, according to a lawsuit filed in federal court in Nevada on Wednesday.

Iran signals compromise for modest rise in OPEC oil output

Wed, 06/20/2018 - 12:37pm
VIENNA (Reuters) - Iran signaled on Wednesday it could compromise on a small increase in OPEC oil output when the group meets this week, as Saudi Arabia scrambled to convince fellow members of the need for a larger rise in production.

Deutsche Bank to pay $205 million to settle NY currency rigging charges

Wed, 06/20/2018 - 12:14pm
(Reuters) - Deutsche Bank AG has agreed to pay a fine of $205 million for violations of New York's banking laws, the state's department of financial Services said on Wednesday.

Teradata sues Germany's SAP, alleging it stole trade secrets

Wed, 06/20/2018 - 12:12pm
FRANKFURT (Reuters) - SAP SE , Europe's most valuable technology company, was sued on Wednesday by U.S. company Teradata , which accused it of stealing trade secrets, copyright infringement and anti-trust violations.

Walt Disney raises bid for Fox assets to $71.3 billion, tops Comcast

Wed, 06/20/2018 - 12:02pm
(Reuters) - Walt Disney Co raised its bid for the bulk of Twenty-First Century Fox Inc's coveted media assets to $71.3 billion on Wednesday, sweetening its deal with cash as it looks to upend Comcast Corp's $65 billion offer.

Media stocks, techs boost S&P; Nasdaq hits record high

Wed, 06/20/2018 - 12:00pm
(Reuters) - A jump in technology and media stocks lifted the S&P 500 on Wednesday and pushed the Nasdaq to a record high, but the Dow remained under pressure from an escalation in the U.S.-China trade spat that has slammed global markets.

Trump to meet lawmakers about 'problematic' ZTE amendment: spokeswoman

Wed, 06/20/2018 - 11:53am
WASHINGTON (Reuters) - U.S. President Donald Trump and a group of lawmakers from the Senate and House of Representatives will meet at the White House on Wednesday to discuss their disagreement over how to penalize Chinese telecommunications company ZTE Corp, a White House spokeswoman said.

World's biggest central banks fret over impact of escalating trade war

Wed, 06/20/2018 - 11:45am
SINTRA, Portugal (Reuters) - A developing trade war between the world's biggest economies is already weighing on business confidence and could force central banks to downgrade their outlook, the world's most powerful central bank chiefs argued on Wednesday.

For OPEC, oil tariff spat is short-term gain, long-term pain

Wed, 06/20/2018 - 11:41am
VIENNA (Reuters) - OPEC, which has lost Chinese market share to U.S. oil producers, should in theory view a tariff spat between Beijing and Washington as a boon.

Boeing sees 2025 for potential new jet but won't rush decision: executive

Wed, 06/20/2018 - 11:40am
PARIS (Reuters) - The head of Boeing jetliner sales said on Wednesday he was confident a new mid-market jet could enter service in 2025 if Boeing took the decision to launch the new plane but stressed the U.S. planemaker would not be rushed into a decision.

Audi's detained CEO questioned by prosecutors over emissions scandal: source

Wed, 06/20/2018 - 11:11am
MUNICH (Reuters) - Munich prosecutors questioned Audi's arrested Chief Executive Rupert Stadler about a global diesel-cheating scandal on Wednesday, a person familiar with the matter told Reuters.

Boeing executive confident new mid-market jet can enter service in 2025

Wed, 06/20/2018 - 10:42am
PARIS (Reuters) - The head of Boeing jetliner sales said on Wednesday he was confident a new mid-market jet could enter service in 2025.

Trump to meet lawmakers about 'problematic' ZTE measure: White House

Wed, 06/20/2018 - 10:40am
WASHINGTON (Reuters) - U.S. President Donald Trump and a group of lawmakers from the Senate and House of Representatives will meet at the White House on Wednesday to discuss their disagreement over how to penalize Chinese telecommunications company ZTE Corp , a White House spokeswoman said.

Wall Street advances as media stocks gain; Nasdaq hits record

Wed, 06/20/2018 - 10:21am
(Reuters) - Technology and media stocks pushed Wall Street higher on Wednesday and helped the Nasdaq hit a record high, as markets eyed a recovery after being battered by a rapidly escalating China-U.S. trade tensions.

Sorrell's heir apparent flags need for radical change at WPP

Wed, 06/20/2018 - 9:53am
CANNES, France (Reuters) - WPP needs radical change to stay ahead of the digital revolution reshaping the industry and its clients, the man now steering the world's largest advertising group said.

Amazon, Berkshire, JPMorgan name Atul Gawande CEO of healthcare venture

Wed, 06/20/2018 - 9:51am
(Reuters) - Berkshire Hathaway Inc, Amazon.com Inc and JPMorgan Chase & Co on Wednesday named Atul Gawande as the chief executive officer of their health venture.

Walt Disney raises bid for Fox assets to $71.3 billion, adds cash

Wed, 06/20/2018 - 9:47am
(Reuters) - Walt Disney Co raised its bid for Twenty-First Century Fox Inc assets to $71.3 billion on Wednesday, sweetening its offer with cash as it looks to scuttle Comcast Corp's $65 billion offer last week.

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