US Business News

TV-Streaming Firm Aereo Files for Bankruptcy

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Aereo filed for bankruptcy protection five months after the Supreme Court delivered the Internet-broadcast streaming company a fatal blow in its fight with traditional television broadcasters.

Foot Locker Posts Higher Profits, Sales

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Foot Locker posted higher profits and sales but reported challenges in athletic apparel as competition to meet shoppers’ growing desire for workout clothes and training gear heats up.

Aviva Plans to Buy Friends Life Group

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Aviva PLC announced plans for a £5.6 billion takeover of Friends Life Group in an all-share deal that it said would create the largest insurance, savings and asset-management company in the U.K.

Oil Rigs Return to Gulf of Mexico

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Four years after the Deepwater Horizon disaster, giant new oil projects are returning to the Gulf of Mexico—bigger and more expensive than ever.

Dow Chemical, Loeb Settle Board Dispute

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Dow Chemical and Dan Loeb’s Third Point settled a looming proxy fight Friday by adding four new directors next year, including two the activist investor had proposed.

New Ford F-150 Truck More Gas Efficient

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Ford said its aluminum-bodied F-150 pickup mated with a new 2.7-liter, turbocharged V6 can achieve 22 mpg, the best of any gasoline-fueled pickup available.

Startup Aims to Be Amazon.com of Indonesia

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Online retailer Lazada Indonesia has faced challenges in a country where the e-commerce market is still small. But the startup’s backers are plowing ahead, hoping to get a head start over Amazon, Alibaba and eBay.

Three Mexican Groups Bid for TV Concessions

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Three Mexican groups involved in media and publishing have submitted bids for the two broadcast network concessions that the government is tendering to introduce competition for the country’s incumbents Grupo Televisa and Azteca.

Appeals Court Grants TV Programmers Stay in FCC Fight

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An appeals court granted TV channel owners a preliminary victory in their standoff with the FCC over disclosure of programming contracts, raising the prospect of further delays to the agency’s review of big pay-TV industry mergers.

Dish Restores Turner TV Channels

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CNN and other networks owned by Time Warner Inc.’s Turner Broadcasting have been restored on Dish Network Corp.’s satellite TV service as part of a short-term accord between the battling media companies.

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