Comcast's DreamWorks Deal Reflects Shifting Bets on Media

Related Link: 

Comcast’s intense pursuit of DreamWorks Animation highlights just how much has changed across the media landscape in the five years since it bought NBCUniversal, including a dimmer outlook for pay TV.

SpaceX Wins U.S. Military Contract to Send Satellite Into Orbit

Related Link: 

Billionaire entrepreneur Elon Musk’s rocket-making company has won its most significant U.S. military contract, bidding 40% less than the Pentagon estimated it would spend sending a satellite into orbit, a senior Air Force official said Thursday.

Amazon Delivers 4th Straight Profit

Related Link: 

Amazon swung to a better-than-expected first-quarter profit—its largest ever for a quarter—as the company benefited from surging growth in its Web services division.

China's Banks Face Bad-Loan Pinch

Related Link: 

Chinese banks’ precarious balance of provisioning just enough for bad loans while keeping profits flat won’t last much longer.

U.S. Growth Starts Year in Familiar Rut

Related Link: 

The U.S. economy stumbled out of the gate in 2016 as consumers and businesses showed renewed signs of caution, underscoring the uneven growth that has been a hallmark of the nearly seven-year expansion, the worst performance in two years.

Caterpillar to Close Five Plants, Shed 820 Jobs

Related Link: 

Caterpillar said Thursday it will close five U.S. plants and shed about 820 positions as the construction equipment maker continues to scale back its production and work force in response to falling demand.

De Beers Left London for Botswana, Transforming Lives and a Sleepy City

Related Link: 

De Beers’s expanded presence has helped transform Botswana’s capital over the past few years, turning it into a hub for a cosmopolitan crowd of gem buyers and upending the lives of dozens of company employees.

Earnings on Pace for Third Straight Decline

Related Link: 

U.S. corporate profits are set to decline for the third straight quarter, the longest and broadest slide in earnings since the financial crisis, weighed down by the energy slump and slowing growth around the world.

Drugmakers Place Big Bets on Cancer Medicines

Related Link: 

Drugmakers are placing big bets on medicines they expect will command premium prices. Sanofi made an unsolicited, $9.3 billion offer to purchase Medivation. Separately, AbbVie agreed to pay $5.8 billion for Stemcentrx.

UPS Earnings Rise as Deliveries Increase

Related Link: 

United Parcel Service reported 10% growth in quarterly income, helped by efforts to increase profitability of packages delivered to U.S. online shoppers.

Syndicate content