The National Basketball Association has reached long-term media rights contracts with Walt Disney Co and Time Warner Inc's Turner Broadcasting, more than doubling the fees it received under the previous contracts, the Wall Street Journal reported, citing people familiar with the matter.
Sectors
BOJ stands pat on policy, warns of weak factory output
The Bank of Japan on Tuesday maintained its massive asset buying program but offered a bleaker view on factory output, following signs that the world's third-largest economy was hit harder than expected by a sales tax increase in April.
Aurionpro Reconstitutes Its Board of Directors With Induction of Three New Independent Members as Global Growth Accelerates
Aurionpro (NSE: AURIONPRO) (BSE: 532668), a leading provider of enterprise-scale software and services, announced today that, as part of its growth plans, they have appointed three new independent members to the company's Board of Directors.
Rio Tinto rejects Glencore merger approach amid iron ore slump
Rio Tinto (RIO.AX) rejected a merger approach from smaller rival Glencore Plc (GLEN.L) to create a $160 billion mining and trading giant in August just as the price of its most profitable product, iron ore, hit a five-year low.
Facebook's WhatsApp acquisition now has price tag of $22 billion
Facebook Inc (FB.O) closed its acquisition of mobile messaging service WhatsApp on Monday, with the final price tag rising an additional $3 billion to roughly $22 billion because of the increased value of Facebook's stock in recent months.
Latest News
Luxury shoe company Jimmy Choo (IPO-JIM.L) is on course to join London's main stock market with a value of up to $1.1 billion, industry sources said on Monday, citing the initial price range quoted by banks arranging the sale.
Germany's Bertelsmann (BTGGg.F) said on Monday it would take full ownership of Gruner + Jahr, publisher of magazines including Stern and Brigitte, as the German media conglomerate looks to speed up a late push into digital media.
Japan's largest recruitment company Recruit Holdings priced its initial public offering at 3,100 yen on Monday, the top of its bookbuilding range, showing confidence in investor demand for the $2 billion listing.
Euro Disney (EDLP.PA) said on Monday it had agreed a 1 billion euro funding deal backed by its largest shareholder, the Walt Disney Co (DIS.N), which includes a share sale and a debt restructuring, to allow it to invest in the business.
UK-based BT Group PLC could take until beyond the current financial year to return to the consumer mobile market, due to technical problems, the Telegraph reported.
An unusual disconnect has emerged in the U.S. oil market, with headline futures slumping to levels below $90 a barrel even as traders in the physical crude market report surprisingly robust demand and strong pricing.
Silicon Valley stalwart Hewlett-Packard Co, which has struggled to adapt to the new era of mobile and online computing, plans to split into two companies as it looks to put more focus on the faster-growing corporate services market, according to a Wall Street Journal report on Sunday.
Facebook Inc plans a stricter review of requests to access information on its 1.32 billion active users after a psychological experiment on unwitting users in 2012 created a furor on social media.
The Russia-led South Stream undersea gas pipeline is still going ahead, Energy Minister Alexander Novak was quoted as saying on Saturday, following concerns the European Union might be losing enthusiasm for the project.
