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Yahoo

Business - Time Warner Cable profit up residential data services growth


(Reuters) - Time Warner Cable Inc , the second-largest U.S. cable TV operator, reported a 3.7 percent rise in quarterly profit as it signed up more residential subscribers to its high-speed data services. Net income attributable to common shareholders rose to $499 million, or $1.76 per share, in the second quarter ended June 30, from $481 million, or $1.64 per share, a year earlier. Revenue rose 3.2 percent to $5.73 billion. (Reporting By Lehar Maan in Bangalore; Editing by Saumyadeb Chakrabarty)


Thursday, July 31, 2014  12:20

Yahoo

Business - Murdoch`s 21st Century Fox pledges to extend buybacks


Rupert Murdoch`s 21st Century Fox said on Friday it would renew a share buyback program using the proceeds from its partial exit from European pay-TV, regardless of any acquisitions the media group undertakes. The company made the pledge in a statement announcing the sale of Fox`s Italian and German pay-TV units to BSkyB for $9 billion in cash and assets. `For fiscal 2015 we will continue our share buyback program and will communicate the details of a renewed share buyback authorization upon the announcement of fiscal 2014 earnings results on Wednesday, August 6, 2014.` In August 2013, Fox`s board authorized a $4 billion share buyback over the next 12 months. Murdoch, chairman and CEO, added: `Our renewed authorization for our share buyback program will be executed regardless of any potential acquisition or investment activity by the Company.` Fox recently made an unsolicited $80 billion bid for media conglomerate Time Warner, which was rejected by its management as too low.


Friday, July 25, 2014  10:27

Yahoo

World - Murdoch creates `Sky Europe` pay TV giant


Rupert Murdoch`s media empire 21st Century Fox has struck a mega deal with British satellite television group BSkyB to create a pan-European pay-TV giant, the two companies announced on Friday. BSkyB, 39-percent-owned by 21st Century Fox, said it had agreed to buy Fox`s 100-percent stake in Sky Italia and its 57.4-percent interest in Sky Deutschland. The new project, named `Sky Europe` by observers, is seen as a bid by media mogul Murdoch to strengthen his European television operations as the telecommunications sector enters the market to screen live football matches featuring some the world`s biggest clubs. Analysts said the deal would give 21st Century Fox an opportunity also to make a renewed bid for rival Time Warner.


Friday, July 25, 2014  19:28

Yahoo

World - Rupert Murdoch creates `Sky Europe` pay TV giant


Rupert Murdoch`s media empire 21st Century Fox has struck a mega deal with British satellite television group BSkyB to create a pan-European pay-TV giant, the two companies announced on Friday. BSkyB, 39-percent owned by 21st Century Fox, said it had agreed to buy Fox`s 100-percent stake in Sky Italia and its 57.4-percent interest in Sky Deutschland. The new project, named `Sky Europe` by observers, is being seen as a bid by media mogul Murdoch to strengthen his European television operations as the telecommunications sector enters the market to screen live football matches featuring some the world`s biggest clubs. Analysts said the deal would give 21st Century Fox an opportunity also to make a renewed bid for rival Time Warner.


Friday, July 25, 2014  14:28

CNN

Top Stories - `Sharknado 2` whips up Twitter frenzy


Peace. Love. And Snarknado 2.


Thursday, July 31, 2014  10:33

NYTimes

Africa - Okapi Helps Africa Reap the Benefits of Fashion


Okapi, the leather goods line, which says it is the first Made in Africa luxury brand, aims to reposition the continent as a source of premium manufacturing.


Thursday, July 31, 2014  02:19

Yahoo

World - BSkyB reveals deal to create pan-European pay TV giant


British satellite television group BSkyB said on Friday it had agreed multi-billion-dolla deals with Rupert Murdoch`s media empire 21st Century Fox to create a pan-European pay-TV giant. Murdoch`s 21st Century Fox media conglomerate owns 39 percent of BSkyB. BSkyB has agreed to buy 21st Century Fox`s 100-percent stake in Sky Italia and its 57.4-percent interest in Sky Deutschland, a statement said. BSkyB said it planned to acquire the rest of Sky Deutschland from the German group`s minority shareholders, creating a pan-European TV giant in deals costing the British group a total of up to £7.0 billion ($11.9 billion, 8.8 billion euros) in cash.


Friday, July 25, 2014  08:41

Yahoo

Business - Amazon quickens push into tough local services market


By Deepa Seetharaman SAN FRANCISCO (Reuters) - Seattle audio and video technician Todd Mueller showed up last year for what might have been a routine job except for one thing: Amazon.com Inc was taking notes. As he mounted a flat-screen TV on the wall, an Amazon employee studied how he covered his shoes and used a blanket to protect the hardwood floor. After at least two years of study, Amazon is ramping up efforts to offer repair, installation and other services online, tackling a fragmented but potentially rich U.S. market that may be worth an estimated $400 billion. Amazon`s experiment with services goes back to at least mid-2012 in its hometown of Seattle.


Thursday, July 31, 2014  06:18

Yahoo

World - Top Asian News at 5:00 a.m. GMT


MALIN, India (AP) — Rescue workers and desperate villagers dug through deep mud, rocks and the debris of shattered homes Thursday after a massive landslide buried a remote village in western India, killing at least 24 people and trapping more than 150, authorities said. Two days of torrential rains triggered the landslide early Wednesday, but national rescue personnel could not reach the stricken area in Pune district of Maharashtra state for several hours because of bad roads and debris. Rain was still hampering the effort by Thursday morning.


Thursday, July 31, 2014  06:18

Yahoo

World - Landslide buries Indian village; at least 24 dead


MALIN, India (AP) — Rescue workers and desperate villagers dug through deep mud, rocks and the debris of shattered homes Thursday after a massive landslide buried a remote village in western India, killing at least 24 people and trapping more than 150, authorities said.


Thursday, July 31, 2014  06:05

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