Onex Corp.’s purchase of WestJet Airlines Ltd. has prompted Moody’s Investors Service to place two of the carrier’s credit ratings under review for possible downgrade. The rating agency says it expects Onex to download some of the $5-billion acquisition cost, which includes debt, onto WestJet when the deal closes. Such a move would increase the […]
The Walt Disney Company has agreed to acquire Comcast’s one-third stake in Hulu and take full control of the streaming service, the companies said on Tuesday. The sale price would be at least $5.8 billion and could climb once an independent party assesses Hulu’s fair market value, the companies said. Hulu had 28 millions subscribers […]
(Reuters) – Walt Disney Co said it will take full control of the Hulu service in a deal with Comcast Corp that removes an obstacle in the Mouse House’s quest to take on rivals including Netflix Inc in the global streaming video war. The agreement, which ascribes a minimum equity value of Hulu at $27.5 […]
A California jury on Monday awarded more than $2bn (€1.78bn) to a couple who claimed Bayer AG’s glyphosate-based Roundup weed killer caused their cancer, in the largest U.S. jury verdict to date against the company in litigation over the chemical. It was the third consecutive U.S. jury verdict against the company in litigation over the […]
Former NTMA executive Eileen Fitzpatrick has been appointed to the board of Bank of Ireland as a non-executive director. Ms Fitzpatrick served as head of NewERA at the National Treasury Management Agency (NTMA) since November 2011, before announcing her departure in January this year. NewERA provides financial and commercial advice to government ministers in relation […]
NEW YORK (Reuters) – Wall Street took a pounding on Monday after China defied Washington by announcing retaliatory tariffs on $60 billion in U.S. goods in the latest salvo in the two countries’ increasingly belligerent trade dispute, sending investors fleeing equities for less risky assets. The widespread sell-off pulled all three major U.S. indexes significantly […]
(Reuters) – Uber Technologies Inc’s shares fell as much as 10% on Monday, more than doubling their losses since the ride-hailing giant’s poorly received Wall Street debut on Friday and raising more questions about investors’ faith in its ability to make profits. The fall in shares come against the backdrop of a global stock market […]
The Forest Service has issued a Status Orange fire risk warning as dry conditions are forecast in the coming days. It said that arising from current Easterly high pressure weather conditions, forecast high temperatures and low relative humidity levels, a High Fire Risk exists in all areas where hazardous fuels such as gorse, heather, dried […]
(Reuters) – Canada’s second-biggest carrier, WestJet Airlines Ltd, on Monday accepted a C$3.5 billion ($2.6 billion) cash buyout offer from private equity group Onex Corp, sending the carrier’s shares surging 63% in Toronto trading. The deal is the largest private equity acquisition of an airline, according to Refinitiv data. WestJet has had a rough start […]
(Reuters) – Uber Technologies Inc shares fell as much as 10% on Monday, doubling losses since its poorly-received Wall Street debut on Friday and raising more questions about investors’ faith in its ability to make profits. The move, which came in a wide-ranging sell-off on global financial markets spurred by more U.S.-China trade tensions, led […]