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Bytedance, owner of China’s top news app, mulling huge IPO

The owner of China’s most popular news-aggregation app is holding discussions about a multibillion-dollar initial public offering that could take place this year, according to people familiar with the matter. Beijing Bytedance Technology Co. is considering a Hong Kong IPO that may value it at over $45 billion, the people said. It isn’t clear how much Bytedance intends to raise, […]

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Fox raises offer for Sky, topping Comcast bid

LONDON — Rupert Murdoch’s 21st Century Fox Inc. significantly lifted its offer price to consolidate ownership of Sky PLC, heating up a bidding war with Comcast Corp. for the British TV broadcaster. Fox raised its bid for the roughly 61% of Sky it doesn’t already own by more than 30%, to GBP14 a share, in a deal that values all […]

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Ericsson To Divest Swedish Field Services Business To Transtema Group

Ericsson (ERIC) Wednesday announced that it has signed an agreement to divest Ericsson Local Services AB or LSS in Sweden to Swedish communication infrastructure company Transtema Group AB. LSS, with approximately 700 employees, is a subsidiary of Ericsson, supplying field service operations and maintenance of fixed and mobile networks in Sweden. Under the agreement, all operations and assets of LSS […]

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EU poised to slap Google with multibillion-dollar antitrust fine

BRUSSELS — The European Union’s antitrust watchdog is expected to find Alphabet Inc.’s GOOGL, -0.01%GOOG, -0.10% Google illegally abused the dominance of its Android operating system for mobile phones, issuing a multibillion-euro fine and ordering changes to the company’s Android-related business practices, people familiar with the matter said. The European Commission, the bloc’s executive arm, is expected to find that the […]

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Lawmakers ask Google to answer Gmail privacy concerns

WASHINGTON — Senior lawmakers requested answers from Alphabet Inc. on Tuesday about its privacy questions surrounding Gmail, the company’s popular email service. In a letter from Senate Commerce Committee Chairman John Thune, R-S.D., and two subcommittee chairmen, the lawmakers asked Larry Page, Alphabet’s chief executive, to explain the company’s practice of allowing third-party app developers to scan email contents for […]

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IPO boom has opened the window for some scary companies

A stunning number of companies are trying to jump through the current hot market for initial public offerings, but investors would be wise to watch for rats hoping to sneak in amid the torrent. We are in the middle of annual summer lull in the IPO market, with only one offering pricing last week and none expected this week, and […]

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Bank earnings are expected to shine, but their stocks may not

The second-quarter earnings season will kick off in earnest on Friday, when three of the nation’s biggest banks report, and analysts are expecting somewhat of a repeat of the first quarter, when the sector chalked up record gains. Against the current backdrop of a flattening yield curve, however, it’s not clear that strong results will succeed in reviving stock prices […]

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Starbucks is officially going strawless

Get ready to pay more for your jolt of joe at Starbucks Fox Business Outlook: Starbucks raises prices between 10 and 20 cents on all sizes of brewed coffee in a majority of its thousands of stores nationwide. Starbucks is officially going strawless. Continue Reading Below The coffee giant announced Monday it will begin to phase out plastic straws from […]

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HCL Technologies mulls share buy-back

IT major’s board to take call on July 12 HCL Technologies said on Monday that it will consider share buy-back on July 12. “[A meeting of] the board of directors of the company is scheduled to be held on Thursday, July 12, 2018, to consider a proposal for buy-back of equity shares of the company,” HCL Technologies said in a […]

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Liberty gets lenders’ nod to acquire Adhunik Metaliks

Adhunik’s supply linkages fit in with Liberty’s goal to build value chain: Gupta Liberty House has secured the approval of the Committee of Creditors (CoC) to acquire and revive Adhunik Metaliks’ integrated steel production operation at Chadrihariharpur near Rourkela in Odisha. Adhunik’s CoC identified the resolution pitch submitted by Liberty House Group, part of Sanjeev Gupta’s global GFG Alliance, as […]

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