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From real to reel: Netflix ropes in the Obamas to produce shows
This could undoubtedly be the mother of all deals in the video streaming industry. Netflix (NFLX) once again...
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Soon after Hilton exit, Blackstone grabs LaSalle Hotel for $4.8 billion
Three days after ending an 11-year association with Hilton Worldwide Holdings (HLT) by divesting its remaining stock in...
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NextEra Energy inks a deal to acquire certain assets of Southern Company
Energy producer NextEra Energy (NEE) has agreed to acquire Southern company’s (SO) some assets including Florida City Gas,...
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Microsoft acquires Semantic Machines to boost AI capabilities
The ever-increasing prominence of artificial intelligence gets another push from Microsoft Corp.’s (MSFT) purchase of AI start-up Semantics...
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GE to merge transportation unit with Wabtec
General Electric (GE) has agreed to merge its transportation unit with rail equipment manufacturer Wabtec Corp. (WAB) in...
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Airliners are boarding this summer with caution
Brace for impact; the aviation sector is cruising into the busy summer season with fuel prices soaring at...
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Fifth Third Bancorp to buy MB Financial for $4.7 billion
Broadening its presence in the regional markets further, Fifth Third Bancorp (FITB) agreed to acquire MB Financial (MBFI)...
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US households struggle to make ends meet
A large number of US families are still struggling to make ends meet despite favorable employment and economic...
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Cambridge Analytica succumbs to data scandal; files for bankruptcy
There are many examples of thriving businesses getting embroiled in scandals that ultimately spoil their financial prospects, but...
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Fox News appoints Suzanne Scott as its first female CEO
Suzanne Scott has been named Chief Executive Officer of Fox News and Fox Business Network. Scott, who was...
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The world’s first ‘holographic smartphone’ is coming to AT&T, Verizon
The much awaited — and profoundly mysterious — Google (GOOGL) Android offering of the year, the Red Hydrogen...
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Head of flying taxi program Jeff Holden is the latest to leave Uber
The deepening chaos at Uber, both in operations and governance, gives the impression that the company is struggling...