Business


Murdoch's 21st Century Fox gets Sky backing for bid

The re-emergence of the Sky offer has already reignited opposition, with several politicians attending a debate in parliament this week to urge the government to properly scrutinize the deal. The deal comes five years after his father Rupert failed in a previous attempt to buy Sky when a newspaper phone hacking scandal at his News of the World tabloid derailed the offer and damaged his reputation in Britain.



Next Weeks Broker Price Targets For Kraft Heinz (NASDAQ:KHC)

The legal version of this news story can be viewed at http://sportsperspectives.com/2016/12/14/cullen-frost-bankers-inc-reduces-stake-in-kraft-heinz-co-khc/. The company's quarterly revenue was up 2.4% on a year-over-year basis. The reported earnings topped the analyst's consensus by $0.08 with the surprise factor around 10.70%.



Turkey detains 568 for alleged Kurdish ties

Turkey on Tuesday continued to round up people accused of involvement in an armed Kurdish movement labeled as a terrorist organization in the country. Its two leaders are now behind bars on terrorism-related charges. "We are a people who have oppression already and know what it means to do politics here and what the price is", HDP spokesman Ayhan Bilgen said on the party's website.



Cheating website settles over data breach

Attorney General Jim Hood announced Wednesday that the owners of AshleyMadison.com would make a payment of $1.657 million to the federal government and 13 states involved in an investigation of the company's practices. The agency also found that Ashley Madison had managed to attract customers, including 19 million from the USA, partly through fake profiles of women created to entice them into becoming paying members.



Patterson-UTI Energy plans to acquire Seventy Seven Energy

The institutional investor owned 462,819 shares of the company's stock after selling 11,184 shares during the period. Patterson-UTI will have more than 1.5 million hydraulic fracturing horsepower following the closing of the transaction, it said.



Chevron Corp.'s (CVX) Overweight Rating Reiterated at JPMorgan Chase & Co

Vector Wealth Management LLC's holdings in Chevron Corp. were worth $403,000 at the end of the most recent reporting period. While in the same Quarter Previous year, the Actual EPS was $0.26. According to the Analysts, the Low Earnings estimate for the current quarter is $0.35, while the High earnings estimate is $1.54.Comparatively, EPS for the same quarter past year was $1.03.