Company News

Comcast’s NBCUniversal Invest $US200 million in BuzzFeed

Comcast’s NBCUniversal Invest $US200 million in BuzzFeed

Earlier this year, the chief executive of Comcast Corp.'s NBCUniversal, Steve Burke, said that the media company requires to be on the spot light were the eyes will follow it by introducing added "digital" to its basic fabric.

NBCUniversal agreed to invest $US200 million in BuzzFeed and that's the biggest recent cash injection into the digital news quarter.

On Tuesday Disney Reported Mixed Third-Quarter Earnings

On Tuesday Disney Reported Mixed Third-Quarter Earnings

The Walt Disney Co. posted its third quarter earnings report which met the market expectations but the profits fell slightly short of the analysts' expectations. The company's shares dropped during the extended trading hours following the news. It also lowered its profit forecast for its cable TV arm.

Alpha Natural Resources, Inc Files for Chapter 11 with United States Bankruptcy Court for the Eastern District of Virginia

Alpha Natural Resources, Inc Files for Chapter 11 with United States Bankruptcy

It is not recent news that the U.S. coal industry is going through a distressing period with oversupply in the global market, low prices and increasing regulations from the governments stressing on lowering pollution.

HSBC Holdings Plc Agrees to Sell It’s Brazil unit to Bradesco for $5.2 Billion

HSBC Holdings Plc Agrees to Sell It’s Brazil unit to Bradesco for $5.2 Billion

On Monday, in a statement HSBC Holdings Plc said that it is selling its unprofitable Brazilian unit in a deal worth $5.2 billion to Banco Bradesco SA. The unit has given unsatisfactory performance for years.

Chairman Says the Boeing Company May have to Move Some Operations Overseas if Export Import Charter is not Extended

Chairman Says the Boeing Company May have to Move Some Operations Overseas if Ex

On Wednesday, W. James McNerney, the Boeing Company Chairman suggested in front of an audience that the aircraft maker may have to move some of its operations to other countries if the Export-Import Bank's charter is not extended, which expired on 30 June.

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