Hints and tips:
...A second scoop to start: Germany’s Bertelsmann is in pole position to buy Simon & Schuster, outbidding Rupert Murdoch’s News Corp to strengthen its position as the world’s biggest books publisher....
...Earning per diluted share came in at $2.70, up from $2.05 a year ago....
...Viacom, which is controlled by the billionaire Sumner Redstone and his daughter, Shari, made an offer to buy Scripps Networks Interactive, the owner of the Food Network, last month, but Scripps agreed to...
...Mr Murdoch and his family will continue to control News Corp, owner of the Wall Street Journal, The Sun and The Times newspapers, as well as the remaining assets of Fox, which include a broadcast network...
...Discount store operator B&M and the Co-operative food chain had also been linked to the discussions, but were not believed to have made a bid, several people said....
...Its estimate of adjusted profits of $3.05 to $3.20 a share also trailed expectations of $3.71 a share....
...Until recently, the group had been a bright spot for the fast-food chain, but food safety scares and strategic mis-steps have caused the China division to stagnate....
...The number of countries with renewable energy targets has soared from just 73 in 2010 to 164 in 2015, data from the International Renewable Energy Agency show....
...£/$ 1.44 (1.44) €/£ 0.7574 (0.7574) Commodities ($) Brent Crude (ICE) up +0.09 at 32.81 Light Crude (Nymex) up +0.15 at 30.03 100 Oz Gold (Comex) down -1.10 at 1,126 Copper (Comex) unchanged 0.00 at 2.05...
...Jack in the Box shares rose 5.8 per cent to $74.05 after the US fast-food chain said its fiscal fourth-quarter profits jumped 43 per cent to $23.1m, or 63 cents a share, from the year-ago period....
...News from that source includes full-year results from fast fashion-to-root vegetables combine Associated British Foods....
...Hormel Foods, the maker of Spam, Muscle Milk and Jennie-O turkeys, rose 1.2 per cent to $61.22 after raising its earnings guidance for the year....
...A sell-off in the closing minutes of trade sent the FTSE 100 sharply lower on Friday but AB Foods avoided the drop....
...Anglo American led declines among the miners, down 2.9 per cent to £11.05, having outperformed this week amid talk of progress with its disposals....
...(FT) Markets Data 05:34 GMT Asian markets Nikkei 225 up +25.44 (+0.13%) at 19,462 Topix up +10.58 (+0.67%) at 1,581 Hang Seng up +262.52 (+1.10%) at 24,164 US markets S&P 500 down -6.91 (-0.33%) at 2,074...
...(WSJ) Food for thought Ghana hustle When Ghana’s economy faltered in the 1970s and import restrictions were put in place, big companies collapsed, leaving hundreds of skilled workers....
...Earnings reports include Kraft Heinz, Time Inc., News Corp, Walt Disney and Weight Watchers....
...(MarketWatch, NYT) Food for thought TPP won’t tame China Gideon Rachman argues that Obama’s Pacific trade deal is “not a significant enough step to justify all the geopolitical hopes invested in it”, and...
...(FT, WSJ) Food for thought The next subprime mortgages?...
...Food for thought European foreign policy in a single word: Appeasement The American security umbrella that has protected Europe the past 70 years will not stay up forever, argues Robert Kaplan....
...(LAT, FT) Food for thought Hip hop’s trusted engineer He’s a science whizz, a Star Trek Nerd and he’s in demand in Silicon Valley for his engineering expertise....
...(FT) Food for thought Pub economics Is the benefit of structural reform just a case of pub economics – something that everyone believes in that actually isn’t true?...
...(FT) Food for thought The internet’s literary agent She helped I can Has Cheezburgerand Texts from Jane Eyre make it from the web to print....
...(FT) China’s anti-graft campaign hit the financial sector Investigators are questioning an executive at China Minsheng Banking Corp over his political ties....
...(WSJ$) Food for thought A credit-fuelled construction binge is threatening China’s growth....
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