Coverage: Comcast in talks to buy DreamWorks Animation for $3 billion
Comcast Corp. is weighing a potential $3 billion acquisition of DreamWorks Animation SKG in what could be an effort to boost its content library. The Wall Street Journal was the first to report the news. Ben Fritz, Dana Mattioli and Erich Schwartzel of The Wall Street Journal broke the day’s news: Comcast Corp. is in talks to buy DreamWorks […]
Coverage: FCC chairman, Justice Department sign off on Charter-Time Warner Cable deal
The Federal Communications Commission, along with the Justice Department, announced Monday that it will approve Charter Communications Inc.’s acquisition of Time Warner Cable Inc. as long as the newly formed company agrees to several strict restrictions. Shalini Ramachandran and John D. McKinnon of The Wall Street Journal had the day’s news: Federal regulators are poised […]
Coverage: Deutsche Bank co-CEO acquitted in criminal case
A Munich court acquitted Deutsche Bank co-CEO Jürgen Fitschen and his four codefendants on fraud charges after prosecutors accused the group of executives of providing false testimony in a long-running legal battle with the defunct Kirk media group. Despite the legal victory, Fitschen is still expected to leave his role at the German bank in May. […]
Coverage: Harriet Tubman to appear on $20 bill, replacing Andrew Jackson
The Treasury Department announced Wednesday that Harriet Tubman, a former slave and abolitionist, will replace President Andrew Jackson on the $20 bill. The decision will make Tubman the first women in more than a century and the first African-American to appear on the front of a paper note. Samantha Masunga of the Los Angeles Times […]
Coverage: EU charges Google for abusing mobile app market
Google is once again facing charges from the European Union for abusing the dominance of its Android mobile operating system within the mobile app market. The Mountain View, California-based company was formally charged last April for using its dominance as a search engine to favor its comparison shopping system. Google denied those charges. Foo Yun […]
Coverage: Theranos subject of US criminal probe
Theranos, a tech company that claimed to revolutionize blood tests, continues to take hits with news breaking Monday that the company is now the subject of a criminal investigation. The company came under fire in October 2015, when The Wall Street Journal reported problems with its testing procedures. Christopher Weaver, John Carreyrou and Michael Siconolfi of […]
Coverage: Oil prices drop after Doha talks fail to establish output freeze
Oil prices dropped once again Monday morning, after the world’s largest producers failed Sunday at a conference in Doha to agree on a production freeze. Georgi Kantchev and Jenny W. Hsu of The Wall Street Journal had the day’s news: Oil prices slid on Monday after key producers failed to negotiate a curb on their output, […]
Coverage: Microsoft sues Justice Department over transparency issue
Microsoft sued the Justice Department in the hopes of preventing the government from accessing users’ data without its knowledge. The battle to maintain user privacy has been a hot topic lately with Apple very publicly fighting the Federal Bureau of Investigation over the creation of software that would unlock an iPhone without its pass code. […]
Coverage: Feds threaten to ban Theranos CEO for 2 years
For Theranos, things just seem to get worse with a new report Wednesday revealing federal regulators’ threats for sanctions against the Silicon Valley startup. These sanctions include: closing its flagship laboratory and banning its founder Elizabeth Holmes from owning or operating its labs for two years. Reed Abelson and Andrew Pollack of The New York […]
Coverage: Deutsche Bank freezes plans in NC over “anti-LGBT” law
Deutsche Bank pressed pause on its plan to add 250 jobs to its Cary, North Carolina, facilities following the state’s passage of a highly controversial “anti-LGBT” law. The German bank is just the latest in a growing list of businesses and performers pulling out from the Tar Heel state over the discriminatory law. Ahiza Garcia of […]
