Qatar-based cable news channel Al Jazeera has reportedly taken over U.S.-based news and opinion channel Current TV for estimated at $500 million.
Industry
Google Invests $200 Million in Renewable Energy Project
Google Inc. has invested around $200 million in a Spinning Spur Wind Project, a 161 megawatt facility located in Oldham County, Texas.
Boeing Shares Dip as the Carrier Faces Scrutiny after Two Mishaps
Reports suggest shares of the carrier dropped by 0.4 percent to 3, 765 yen at the close of Tokyo trading, a biggest decline since Dec. 28, Boeing shares fell 2.7 percent.
Target to Match Some Rivals' Online Prices Year-Round
Target Corp said on Tuesday it will match on a year-round basis the prices found on the websites of key rivals Amazon.com Inc, Best Buy Co Inc, Wal-Mart Stores Inc and Toys R Us, its latest tactic to hold onto shoppers focused on price.
Disney Looks to Cut Costs, Ponders Layoffs
Walt Disney Co, which reported record earnings in November, started an internal cost cutting review several weeks ago that may include layoffs at its studio and other units, three people with knowledge of the effort told Reuters.
Latest News
Sustained economic crisis in Europe has pushed ArcelorMittal into deeper debt, prompting the steel major to hive off 15 percent of its stake in ArcelorMittal Mines Canada.
A U.S. judge on Wednesday rejected part of Apple Inc's lawsuit against Amazon.com Inc's use of the term App Store, ruling Apple cannot bring a false advertising claim against the online retailer.
Private Equity firm American Securities LLC has managed to sell Pittsburgh-based NEP Broadcasting LLC to another Private Equity firm Crestview Partners for reportedly $800 million to avert a potentially larger tax bill for such a deal in the New Year.
Toshiba Corp is in talks with six different groups for the sale of up to 36 percent of its stake in the nuclear unit.
Qatar Airways said it was filing a $600 million legal claim against a contractor for a delay in opening a new international airport in Doha.
Wall Street's watchdog has fined five large firms over $4.48 million for seeking reimbursement for payments to lobbyists using proceeds from municipal and state bond offerings.
China's consumers are leading an uneven recovery in the world's second biggest economy that has retailers expecting stronger sales in six months, early results of a national survey showed on Wednesday.
Samsung Electronics said on Wednesday it had filed a complaint against Ericsson with the U.S. International Trade Commission (ITC), requesting a U.S. import ban and sales ban on some of the Swedish telecoms equipment maker's products.
Nike Inc reported forecast-topping quarterly profit on Thursday on strong North American demand, and its orders volume indicated steady worldwide demand. Its shares were up 6 percent after the bell.
