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Paramount Skydance’s takeover bid of Warner Bros. Discovery places CNN and its sister cable networks squarely back into what is expected to be an extended period of management limbo. There was some relief at CNN with last week’s announcement that Netflix was buying Warner’s studio and streaming businesses, since the cable network would not be [...]
WASHINGTON (AP) — President Donald Trump earlier this week announced a $12 billion farm aid package — a boost to farmers who have struggled to sell their crops while getting hit by rising costs after the president raised tariffs on China as part of a broader change in trade policy. He unveiled the plan at [...]
The nation’s freight railroad companies are going to be able to try relying more on technology and inspect their tracks in person less often after the federal government last week approved their waiver request. The Association of American Railroads trade group asked for the relief from inspection requirements that were written in 1971 because railroad [...]
NEW YORK (AP) — Netflix has struck a deal with Warner Bros. Discovery, the Hollywood studio behind “Harry Potter” and “Friends,” to buy its studio and streaming business for $72 billion. The acquisition would bring two of the industry’s biggest players in film and TV under one roof. Beyond its namesake television and motion picture [...]
WASHINGTON (AP) — President Donald Trump last week announced a proposal to change vehicle mileage rules for the auto industry, loosening regulatory pressure on automakers to control pollution from gasoline-powered cars and trucks. The plan, if finalized next year, would reduce fuel economy requirements, which set rules on how far new vehicles need to travel [...]
NEW YORK (AP) — Macy’s posted a surprise third-quarter profit and its strongest comparable sales in more than three years as an extensive overhaul of the 167-year-old New York department store begins to resonate with shoppers. After posting its back-to-back quarterly jumps in comparable sales, Macy’s earlier this week raised its financial guidance for the [...]
Nearly 44 percent of the 16,000 truck driving programs listed nationwide by the federal government may be forced to close if they lose their students after a review by the federal Transportation Department found they may not be complying with minimum requirements. The Transportation Department earlier this week said that it plans to revoke the [...]
NEW YORK (AP) — Shoppers turned out in big numbers for Black Friday last week — spending a record amount of money both in stores and online. Mastercard SpendingPulse, which tracks in-person and online spending, reported that overall Black Friday sales, excluding automotive, rose 4.1 percent from a year ago. The retail sales indicator, which [...]
NEW YORK (AP) — Pharmaceutical companies have agreed to slash the Medicare prices for 15 prescription drugs after months of negotiations, reductions that are expected to produce billions in savings for taxpayers and older adults, the Trump administration said. The net prices it unveiled for a 30-day supply of each drug, however, are not what [...]
The Federal Housing Finance Agency is increasing the size of home loans that the federal government can guarantee against default as it takes into account rising housing prices. Beginning next year, mortgage buyers Fannie Mae and Freddie Mac will be able to acquire loans of up to $832,750 on single-family homes in most of the [...]