Posted: 2:50 PM
- Super sports carmaker Lamborghini has confirmed it will enter the luxury SUV market and has signed a deal to produce the vehicle in Italy after receiving more than 80 million euros ($87 million) in government incentives.
- Oil suppliers say Nigeria's outgoing government has agreed to pay $800 million to end a fuel crisis crippling the economy just days before the inauguration of a new president Friday in Africa's biggest oil producer.
- Charter Communications will spend $55.33 billion to acquire Time Warner Cable in a cash-and-stock deal that would instantly create one of the largest pay-television and broadband operators in the U.S.
Broadcasters Shop at Home for Shows ABC and Fox have sharply increased the numbers of shows they own for next fall’s TV season, to better wring dollars from reruns, VOD, and streaming. Networks no longer want to rely on just the revenue from commercials.
Antitrust Lawsuits Target Blue Cross and Blue Shield Lawsuits advancing in federal court in Alabama allege that the 37 independently owned Blue Cross and Blue Shield health insurers, which cover about a third of Americans, are functioning as an illegal cartel.
Broadcom in $35 Billion Merger Talks Chip maker Broadcom is in advanced talks to be bought by rival Avago Technologies in a deal worth more than $35 billion, the latest in a recent string of mergers in the semiconductor industry.
Wal-Mart Settles With Tracy Morgan Wal-Mart Stores Inc. has a reached a settlement with “30 Rock” star Tracy Morgan and other plaintiffs who were injured in a June 2014 crash on the New Jersey Turnpike.
Google's Search for Platforms on Display Google this week will make a renewed push for developers to work with Android for wearable devices, Internet-connected TVs, cars and virtual reality at its I/O conference.
NBCUniversal Plans Sports Documentary Film Division In an effort to compete with ESPN and HBO, Comcast Corp.’s NBCUniversal is launching a sports documentary film division. The unit, which will be part of NBC Sports Group, will have a strong Olympics bent.
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