Category: Uncategorized
-
DirecTV is buying rival Dish to create a pay-TV giant—over 20 years after it first tried
DirecTV is buying Dish and Sling as the company, a deal it has sought to complete for years, as seeks to better compete against streaming services that have become dominant. DirecTV said Monday that it will acquire Dish TV and Sling TV from its owner EchoStar in a debt exchange transaction that includes a payment of…
-
China property shares surge after Guangzhou, Shanghai relax rules
Chinese shares continued their near-week-long rally on Monday, as Chinese officials unveiled even more measures to support the world’s second-largest economy through a consumption slump and property crisis. The CSI 300, which tracks companies traded in the Chinese cities of Shanghai and Shenzhen, rose 8.5% on Monday; Hong Kong’s Hang Seng Index rose 2.4%. The…
-
Amazon’s 5-day in-office mandate pushes 73% of surveyed staffers to consider quitting
That’s at least according to the anonymous job review site Blind, which polled 2,585 verified Amazon professionals one day after Jassy sent out the RTO memo. Although employees at the $1.9 trillion tech giant have until January 2025 before they’ll be expected to show face at one of Amazon’s many offices, the data highlights that…
-
Bernard Arnault of LVMH overtakes Mark Zuckerberg’s wealth with $30 billion boost
Per the Bloomberg Billionaire’s Index, Arnault’s fortune leapt from $177 billion on Tuesday to $207 billion less than a week later. Bernard Arnault’s Louis Vuitton Moët Hennessy (LVMH) has suffered a bumpy few months, down near-15% at the time of writing over the past half year. Its problems included Chinese consumers tightening their purse strings…
-
‘Real life Martha’ gets green light to sue Netflix over ‘Baby Reindeer’
The woman who claims she was the real-life inspiration for the villain in the hit Netflix series “Baby Reindeer” has gotten the green light from a judge to sue the platform for defamation after stating that Netflix wrongly described the series as “a true story.” Fiona Harvey filed a lawsuit against Netflix in June, claiming…
-
AT&T is selling its majority DirecTV stake to private equity firm TPG Partners for $7.6 billion
AT&T is selling its majority stake in DirecTV to private equity firm TPG Partners for $7.6 billion, ending the communication giant’s remaining ties to the entertainment industry. AT&T said Monday in a filing with the Securities and Exchange Commission that it will receive payments from TPG and DirecTV for its remaining 70% stake in the…
-
Malaysia PM vows crusade against corruption
Malaysia’s prime minister Anwar Ibrahim during a news conference in New Delhi, India, on Tuesday, Aug. 20, 2024. Bloomberg | Bloomberg | Getty Images Eradicating corruption in Malaysia continues to be a difficult hurdle Prime Minister Anwar Ibrahim needs to overcome if he wants to attract more foreign direct investments into the country. As Anwar…
-
DirecTV clinches long-elusive deal to combine with Dish
DirecTV on Monday agreed to buy EchoStar‘s satellite television business that includes Dish TV, capping decades of on-and-off talks to create one of the nation’s largest pay-TV distributors with a combined 20 million subscribers. The transaction comes at a time when satellite TV services DirecTV and Dish are hemorrhaging market share to competitors like Netflix…
-
Murdoch’s REA Group ends chase for UK’s Rightmove
Rupert Murdoch at his annual party at Spencer House, St James’ Place in London. Picture date: Thursday June 22, 2023. Victoria Jones | Pa Images | Getty Images LONDON — Rupert Murdoch’s Australian property firm REA Group said Monday it would no longer seek to buy the U.K.’s Rightmove after the property portal rejected a fourth…
-
Truckers, rails scrambling to move billions in cargo
Containers are lined up on the ground at the Port Newark Container Terminal in front of the skyline of New York City on December 2, 2023, in Newark, New Jersey. Gary Hershorn | Corbis News | Getty Images With a potential strike at ports up and down the East Coast and along the Gulf Coast…