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CBS shareholders to get slight premium from Viacom deal, say sources

NEW YORK, Aug 12 — CBS Corp and Viacom Inc are in the final stages of negotiating an all-stock merger that values Viacom at a discount to its closing price on Friday, two sources told Reuters. Shares of CBS fell 0.2 per cent to US$48.81, while…


Warren Buffett Used to Avoid Tech Stocks. Now He Loves Them. Here’s Why

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At this year’s annual Berkshire Hathaway meeting in Omaha, Warren Buffett, the high priest of value investing, uttered words that would have been grounds for excommunication if they had come from anyone but him. Buffett began his career nearly 70 years ago by investing in drab, beaten-up companies trading for less than the liquidation value of their assets—that’s how he came to own Berkshire Hathaway, a rundown New England textile mill that became the platform for his investment empire. Buffett later shifted his focus to branded companies that could earnRead More


Mexican officials hail new Nafta

MEXICO CITY, Oct 1 — Mexican officials hailed a new North American trade accord yesterday as the US and Canada announced they had reached an agreement to keep a three-country deal and rename the 24-year-old Nafta. Canada had risked being frozen…


Facebook’s biggest problem: The days of easy growth are over

SAN FRANCISCO, July 27 — After all the controversy Facebook Inc has generated in recent months, it seemed almost inevitable that at some point, the social media giant would get what it had coming. A reckoning. Wednesday’s disappointing earnings…


Netflix earnings plunge tests tech bulls' nerves

NEW YORK, July 17 — It’s been said so many times it’s getting boring: Expectations are high. The question for stock investors after the first helpings of second-quarter earnings is whether they’ve outstripped reality. And while it’s way…


French Davos castigates US web giants for not playing fair

LONDON, July 8 — What was meant to be an opportunity to mingle in the sun in a southern French city turned partly into a public denunciation of tax practices of US web giants. Aix-en-Provence is host to an annual weekend gathering of politicians…


Netflix surges to record as users shrug off higher prices

NEW YORK, April 18 — Netflix Inc used to worry it would alienate customers by raising prices for its streaming service. Not any more. The company posted its strongest first quarter since going public 16 years ago, despite raising prices for…


Shari Redstone explores adding new CBS directors

NEW YORK, Jan 18 — Shari Redstone, a controlling shareholder of CBS Corp, has discussed adding new directors to the CBS board as she renews her push to merge the company with Viacom Inc, The Wall Street Journal reported yesterday. Shari…


Disney’s deal with Fox could solve Hulu’s ownership headache (VIDEO)

LOS ANGELES, Dec 15 — Walt Disney Co will become the majority owner of Hulu LLC as part of the US$52.4 billion (RM214.1 billion) deal with 21st Century Fox Inc, bringing stable leadership to its competition with larger rivals Netflix Inc and…


Second round of Nafta talks amid Trump threats

MEXICO CITY, Sept 1 — The United States, Mexico and Canada dove into the details of revamping the North American Free Trade Agreement at a second round of talks today, amid threats from President Donald Trump to axe the deal. After setting an…