Biz/Tech
Amazon's Jeff Bezos Rises Up In Wealthiest Rankings With $7 Billion Boost From Company's Stock Surge
Top US Companies to Pledge $140 Billion in Investments in Support of White House Climate Change Drive
Beacon Roofing Acquires Roofing Supply, Expanding its Geographical Footprint
In a press release, Beacon Roofing Supply Inc. announced that it entered into a “definitive merger agreement” to acquire Roofing Supply Group from investment firm Clayton, Dubilier & Rice for cash and stock transaction that is worth about $1.1 billion.
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Fiat Chrysler Faces Record $105 Million in Fines Over Unsatisfactory Recalls, May Implement Vehicle Repurchases
Automaker Fiat Chrysler is set to face a record $105 million in fines for unsatisfactory execution of its recalls for millions of vehicles, according to a Wall Street Journal Report.
AT&T Completes $48 Billion Acquisition of DirecTV to Create Biggest Cable Company in US
AT&T Inc., the second largest wireless carrier in the United States, announced on Friday that it had completed its acquisition of DirecTV, the leading pay TV company in the country, a deal valued at $48.5 billion that creates the biggest cable company in the U.S.
Pearson in Talks to Sell Stake in The Economist Following Divestment of Financial Times
Following its sale of the daily newspaper Financial Times to Japanese media group Nikkei, Britain's Pearson confirmed on Saturday plans to sell its stake in weekly business magazine The Economist as the British firm continues to exit the media business.
Anthem to Buy Cigna for $54 Billion, Competition Authorities Expected to Closely Review Deal
US healthcare insurer Anthem, Inc. announced on Friday a deal to buy rival Cigna Corporation for $54.2 billion to create the largest player in the industry,but the transactions is expected to draw scrutiny from regulators amid concerns that the consolidation may limit options for consumers.
To Defend Against Hackers, Fiat Chrysler Recalls 1.4 million Vehicles
Fiat Chrysler announced a recall of 1.4 million vehicles, in an attempt to defend against cyber attacks, according to a report from Bloomberg.
As 'Metal Gear Solid 5: The Phantom Pain' Nears Release Date Hideo Kojima & Konami Feud Is Heating Up
As 'Metal Gear Solid 5: The Phantom Pain' Nears Release Date Hideo Kojima & Konami Feud Is Heating Up
Subject To Certain Conditions, The FCC Sees the Merger of AT&T and DirecTV in the Public's Interest
After granting its approval, the Federal Communications Commission sees the merger of AT&T and DirecTV, subject to certain conditions, is in the public’s interest, according to the Commission’s press release.
EU Sees no Competition Concern with Nokia's Acquisition of Alcatel-Lucent
In a press release, the European Commission has approved Nokia's acquisition of Alcatel-Lucent, seeing no competition concern.
Amazon Posts Surprise Quarterly Profit, Surpasses Wal-Mart in Market Value
An unexpected profit in the second quarter pushes Amazon's stock upward, overtaking Wal-Mart in market value, Reuters report.
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