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Business - Mediaset shares lower as Vivendi spat sours

Shares in Mediaset were lower in early trade after a war of words with France`s Vivendi over the sale of the Italian broadcaster`s pay TV unit escalated. On Thursday Vivendi said the binding share-swap agreement it signed in April with Mediaset for its Premium pay-TV unit could be void after Sept. 30. Mediaset immediately replied that Vivendi`s statements were devoid of any legal or commercial basis.

Friday, August 26, 2016  08:33


World - Acrid smoke from Indonesian fires drifts over Singapore

Air pollution in Singapore rose on Friday as acrid smoke drifted over the island from fires on Indonesia`s Sumatra island, the city-state`s National Environment Agency (NEA) said. Every dry season, smoke from fires set to clear land for palm oil and pulp and paper plantations in Indonesia clouds the skies over much of the region, raising concern about public health and worrying tourist operators and airlines. The 24-hour Pollution Standards Index (PSI), which the NEA uses as a benchmark, more than doubled in the past 24 hours to 65-88 across Singapore.

Friday, August 26, 2016  08:17


World - Netflix taunts North Korea on-demand TV service on Twitter

Netflix is poking fun at North Korea`s recent foray into on-demand TV, calling itself a `Manbang knockoff` on its Twitter bio. The tongue-in-cheek change to the Netflix US bio comes after Pyongyang proudly unveiled a video streaming service called Manbang (`Everywhere`), which was instantly described as a Netflix-style service by Western media. The system allows viewers with some sort of Internet access to enjoy the highly-propagandised output of its four state-run TV channels at their leisure.

Friday, August 26, 2016  08:05


Top Stories - US navy fires at Iranians after close encounter at sea

A US Navy official told CNN four Iranian Revolutionary Guard Corps vessels conducted a `high-speed intercept` of the USS Nitze in waters near the Strait of Hormuz Tuesday, deeming the incident `unsafe and unprofessional.`

Friday, August 26, 2016  06:46


World - Ranieri backs strike duo to come good

Leicester City have yet to hit the heights that defy odds of 5,000/1 to win the Premier League last season. Leicester began the defence of their title with a shock defeat by newly-promoted Hull City but there were signs of the Foxes` old form during last week`s goalless draw with Arsenal. Now Ranieri will hope to see Leicester kick-on at home to Swansea City on Saturday.

Friday, August 26, 2016  01:57


Business - Dollar General takes the battle to Wal-Mart with price cuts

Dollar General`s shares fell as much as 14 percent on Thursday after the company reported quarterly sales below estimates, blaming aggressive competition, lower food prices and a reduction of food stamp coverage in several U.S. states. Larger rival Dollar Tree Inc also reported lower-than-expected sales, sending its shares down 8.3 percent. Dollar General cut prices by 10 percent on average on about 450 of its best-selling items across 2,200 stores during the quarter, Chief Executive Todd Vasos said on a conference call.

Thursday, August 25, 2016  18:28


Business - Vivendi keeps negotiating with Mediaset despite public spat: sources

PARIS/MILAN (Reuters) - French media giant Vivendi and Italian broadcaster Mediaset are negotiating behind closed doors to forge an alternative partnership despite an ongoing war of words over a disputed pay-tv deal, three sources close to the matter told Reuters. Vivendi, led by billionaire Vincent Bollore, said on Thursday that the binding share-swap agreement it signed in April with Mediaset for its Premium pay-TV unit could be void after Sept. 30, citing the initial regulatory calendar to obtain the go-ahead from the European Commission. Mediaset and its controlling shareholder Fininvest swiftly rejected Vivendi`s assertions in two separate statements.

Thursday, August 25, 2016  21:30


Top Stories - For the Record: Polls are all wrong, says pollster

Question for all the bleeding-heart hippies at ultra-left Fox News and Breitbart News: Why are you so bent on Donald Trump`s destruction?

Thursday, August 25, 2016  10:01


Most Recent - Ed Henry returning to Fox News after affair revelation

Ed Henry, the former White House correspondent for Fox News, is returning to the network after a nearly four-month break after a tabloid revealed he`d cheated on his wife. He`ll start Monday as a general assignment reporter.

Thursday, August 25, 2016  22:30


World - Indian textile maker Welspun under scrutiny over sheets

NEW YORK (AP) — U.S. retailers including J.C. Penney and Wal-Mart are scrutinizing whether sheets Welspun India Ltd. had said were high-end Egyptian cotton were actually cheaper knock-offs, questions that have sent the textile company`s shares plunging more than 40 percent.

Thursday, August 25, 2016  17:16

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