Wednesday 20 June 2018

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

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

(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.

Nasdaq climbs to record; Dow capped by trade concerns

NEW YORK (Reuters) - The Nasdaq closed at a record on Wednesday, lifted by a climb in large-cap tech and consumer discretionary names, while the Dow and S&P 500 were hemmed in as concerns over an escalation in the U.S.-China trade skirmish simmered.

Tesla accuses former employee of hacking and transferring data

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.

Trump, U.S. lawmakers meet to discuss 'problematic' measure on China's ZTE

WASHINGTON (Reuters) - U.S. President Donald Trump and a group of Republicans from the Senate and House of Representatives met at the White House on Wednesday to discuss their disagreement over how to penalize Chinese telecommunications company ZTE Corp.

What trade war? FAANGs scale new highs

(Reuters) - Four of the five so-called FAANG stocks – Facebook, Alphabet, Amazon and Netflix – surged to all-time highs on Wednesday, with only Apple spoiling a perfect scorecard.

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

(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."

Daimler issues profit warning, blames U.S.-China trade war

(Reuters) - Daimler AG on Wednesday flagged headwinds for its 2018 earnings mainly due to fewer-than-expected Mercedes-Benz SUV sales and likely higher costs resulting from increased import tariffs for U.S. vehicles into the Chinese market.

Micron reports 40 percent jump in quarterly sales

(Reuters) - Chipmaker Micron Technology Inc reported a 40 percent jump in quarterly sales on Wednesday, driven by strong demand for its memory chips used in computers and smartphones.

Former Puma Biotech executive gets U.S. prison term for insider trading

BOSTON (Reuters) - A former Puma Biotechnology Inc executive was sentenced on Wednesday to 2-1/4 years in prison for trading on inside information ahead of announcements by the biopharmaceutical company about a breast cancer drug it was developing.

U.S. lawmakers want Google to reconsider links to China's Huawei

WASHINGTON (Reuters) - Some Republican and Democratic U.S. lawmakers asked Alphabet Inc's Google on Wednesday to reconsider its work with Chinese telecommunications firm Huawei Technologies Co Ltd [HWT.UL], which they described as a security threat.

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