Business

AT&T, DirecTV Complete Merger To Form Biggest Pay-TV Company

The No. 2 U.S. wireless carrier AT&T Inc and the biggest satellite-TV provider DirecTV became the country's largest pay-TV company on Friday, completing their $48.5 billion merger after receiving final regulatory approval. The newly expanded AT&T leapfrogs the biggest U.S....

India’s Reliance To Launch Telecom Venture With Over 1,000 Stores

India's Reliance Industries Ltd (RELI.NS) will launch its ambitious 4G telecoms venture in December through a direct physical presence in over 1,000 "Jio Centers" and will also sell self-branded devices under its retail unit, the company disclosed in a...

WTO Members Seal Trillion-Dollar IT Trade Deal

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World Trade Organization (WTO) members finalized a deal on Friday to cut tariffs on $1 trillion worth of information technology products in a boost for producers of goods ranging from video games to medical equipment. The agreement to update the...

Nikkei’s ‘Pink ‘UN’ Buy Highlights Need To Escape Greying Japan

In splashing $1.3 billion for Britain's Financial Times, media group Nikkei is just the latest in a string of Japanese companies driven to look overseas to escape poor growth prospects from a rapidly aging domestic population. Flush with abundant bank...

Anthem To Buy Cigna To Create Biggest U.S. Health Insurer

Anthem Inc said on Friday it would buy Cigna Corp in a deal valued at $54.2 billion, creating the largest U.S. health insurer by membership. The deal - the biggest ever in the health insurance industry - comes three weeks...

Energy Sector May Prove Expensive Even If Results Beat Estimates

The battered energy sector may begin to brighten a little as companies report second-quarter results, but barring a big increase in the price of oil, the sector won't be able to sustain even current share prices going forward, analysts...

Nigeria’s NNPC Unable To Assess Damage After Major Pipeline Blast

Nigeria's state oil company has yet to assess the damage to a key pipeline carrying gasoline to Lagos and the southwest region following a major explosion, a spokesman said on Thursday. The trunk line was shut down on Wednesday following...

Pearson In Talks To Sell FT Newspaper

Publishing group Pearson has announced it is in "advanced discussions" with an unnamed party over the sale of its Financial Times newspaper group. The company said it had "noted recent press speculation" surrounding the possible sale of the FT, but...

U.S. Stock Futures Higher After Two-Day Selloff

U.S. stock index futures pointed higher on Thursday after two days of losses as investors awaited a raft of earnings results and weekly jobless numbers. * The number of Americans filing new applications for unemployment benefits is expected to have slightly...

Wal-Mart Buys Out China E-Commerce Firm Yihaodian In Online Push

Wal-Mart Stores Inc has taken full ownership of Chinese e-commerce firm Yihaodian.com, buying out the 49 percent stake that it did not already own to accelerate its push online, the U.S. retail giant said on Thursday. The investment will help...