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Comcast posted stronger-than-expected third-quarter earnings as the biggest U.S. cable company prepares to take on Disney and Netflix in the global streaming market following its takeover of Britain's Sky.
Global stocks were awash with red in overnight trading Thursday, loping billions in value from equity markets around Asia following last night's late-trading collapse on Wall Street which has erased year-to-date gains for benchmarks around the world amid concerns over weakening U.S. earnings growth, rising geo-political tensions and the unknown outcome of trade disputes between Washington and its major economic partners.
U.K. Culture Minister Jeremy Wright wants Sky News to maintain its editorial independence from new owner Comcast.
Comcast said Monday that it will pause its stock buyback program next year as it focuses on debt reduction in the wake of its $40 billion acquisition of Britain's Sky Plc.
Comcast rebounded modestly Tuesday after the group said it had acquired around 30% of the outstanding shares of Britain's Sky since winning the right to buy the broadcaster in a in three round auction that topped rivals Disney and Fox but raised investor concern over the $40 billion price tag.
Stocks were mostly lower on Monday amid trade war worries, and reports that Deputy Attorney General Rod Rosenstein will meet with President Trump Thursday.
Comcast slumped Monday after the biggest U.S. cable group topped rivals Disney and Fox for the right to buy Britain's Sky but may struggle to convince shareholders to cash-in on the near $40 billion offer.
Global stocks weakened Monday, while oil prices surged to a four-month high, as investors reacted sharply-worded attacks on President Donald Trump's trade and energy policies from leaders of the world's second-largest economy and its biggest oil producing cartel.
U.S. stock futures fall while oil prices surge to a four-month high as investors react to sharply worded attacks on Donald Trump's trade and energy policies from China and OPEC; Barrick Gold buys Randgold Resources in an $18.3 billion deal; Comcast outbids Disney and Fox for Sky PLC.
Comcast has outbid rivals Walt Disney 21st Century Fox for the right to buy the outstanding shares of Britain's Sky, the U.K. Takeover panel said Saturday.
Comcast will face down rivals Disney and Fox for the final piece in a months-long, multi-billion dollar takeover battle to create a transatlantic media empire, but the three-round auction may not be the final act in the long-running drama to control Britain's Sky plc.
Comcast Corp., Walt Disney and 21st Century Fox will take their battle to own Britain's Sky plc into a one-day bidding contest that will determine the owner of Europe's most lucrative pay television broadcaster, regulators said Thursday.
Comcast posted stronger-than-expected second quarter earnings Thursday even as lost tens of thousands of subscribers to its video service amid the ongoing "cord cutting" that continues to fragment the media industry.
Stocks ended Thursday's session near their highs as trade war fears faded.
Global stocks steadied Thursday, while the U.S. dollar continued to extend gains amid cautious trading flows, as investors continue to watch developments in the ongoing trade wars between Washington and its economic allies.
U.S. stock futures rise on Thursday, and global stocks recover following the previous session's selloff that was driven by the U.S. trade fight with China; Broadcom acquires software company CA Technologies for $18.9 billion in cash; Comcast raises its bid for Sky; Papa John's founder John Schnatter resigns as chairman.
Sky shares surged in early London trading Thursday after the U.S. media giant Comcast trumped Rupert Murdoch's 21st Century Fox with a $34 billion for the U.K. broadcaster.
These are the stories to watch as futures point to a Wall Street rebound.
Global stocks tumbled Wednesday after President Donald Trump broke the brief trade war lull with a new list of $200 billion worth of China-made goods he says will be hit with fresh 10% tariffs.
21st Century Fox said Disney's improved $38 a share offer for its media assets is "superior" to Comcast's and has postponed a shareholder meeting to discuss Brian Roberts' $65 billion approach.
Comcast has given formal notice to EU regulators of its plans to buy Britain's Sky Plc, a move that could trigger a bidding war for Fox's media assets that are being sold to Disney amid reports the Philadelphia, Pa.-based media group is preparing an all-cash challenge to Rupert Murdoch's plans.
Oil pulled back from three-and-a-half year highs in overnight trading as markets await President Donald Trump's decision on renewed Iran sanctions that could pull a further 500,000 barrels of oil from the market each day.
President Donald Trump tweeted Wednesday that Russia should "get ready" because missiles "will be coming" to Syria.
The European Commission is investigating potential abuse of Fox's dominant position in broadcasting of major sporting events.
Stocks rise Tuesday, as the Dow Jones Industrial Average claws back some losses following a selloff in the previous session.
U.S. stock futures are higher after a tech selloff during the previous session; Fox says Disney could acquire Sky News; CBS reportedly is preparing a low-ball bid for Viacom.
It's a new day for the markets following yesterday's selloff. Here are the stories that must be on your radar.
Wall Street looks set to avoid major selloff when markets open.
Fox offers further concessions to get proposed acquisition of Sky passed as deadline for regulatory approval approaches.
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