Disney CEO Robert Iger sees compensation decline to $36.3 million in 2017

LOS ANGELES — Robert Iger, the chief executive of Walt Disney Co., saw his total compensation decline 17 percent in the recently concluded fiscal year to $36.3 million, according to the company’s latest proxy statement filed Friday to the Securities and Exchange Commission. The drop from last year’s $43.9 million was due in part to a… Please follow and like us:

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5 things to know about the Disney/Fox deal and what it could mean for you

The media landscape was shaken up Thursday with the announcement that Disney will acquire 21st Century Fox’s entertainment assets in a deal valued at $52.4 billion in an all-stock transaction. RELATED: Disney theme park attendance drops as prices rise The House of Mouse gets crazy like a Fox! Here’s what it’s going to mean to you… Please follow and like us:

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Target buys same-day grocery delivery service Shipt for $550M

The battle for same-day grocery delivery supremacy is on! Target has announced it plans to acquire same-day delivery grocery app Shipt for $550 million in cash. RELATED: The biggest threat to your grocery budget in 2018 Same-day delivery will be in 600 stores by early 2018 This deal is expected to ramp up quickly. By early… Please follow and like us:

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Broadcom moves to unseat Qualcomm board, escalates takeover fight

Singapore-based computer chip maker Broadcom stepped up its battle for rival Qualcomm on Monday, proposing a new slate of board members for the US firm to back a $130 billion hostile bid. Broadcom, which has signaled its plan to reincorporate in the United States, said the effort to replace the Qualcomm board members is aimed at… Please follow and like us:

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2 Chinese investors drop out of bid for Chicago Stock Exchange

CHICAGO—Two of the three China-based bidders for the Chicago Stock Exchange have withdrawn from a group trying to acquire the market. American investors would own 71 percent of the exchange under an amended proposal submitted to the U.S. Securities and Exchange Commission. Chinese investors would 29 percent, said Drew Mauck, a spokesman for the exchange. Chongqing… Please follow and like us:

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Microsoft replacing Skype for Business with Teams

SEATTLE — Microsoft is ending Skype’s foray into business communications, packaging its communications tools into Microsoft Teams, the company’s challenge to workplace collaboration startup Slack. Skype for Business, the company’s voice and video-chat software, will be replaced in Microsoft’s Office 365 bundle by Teams, Microsoft said Monday at Ignite, its annual conference for business-technology buyers. The… Please follow and like us:

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Chinese enterprises positive on BRICS investment

SHANGHAI — Chinese enterprises have positive expectations on investment in BRICS countries. “The investment in Brazil will reach 70 percent of our company’s overall overseas investment, after the completion of the acquisition,” Ge Junjie, chairman of Hunan Dakang Pasture Farming, said in Shanghai Saturday at a seminar on overseas investment. Ge, whose company is based in… Please follow and like us:

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Trump Targets China Trade as Frustration Over Help with Korea Mounts

President Donald Trump’s action Monday targeting China’s systematic theft of intellectual property of U.S. companies doing business there will go a long way toward fulfilling his campaign promise to reorient trade, an adviser said Monday. The adviser, speaking at a background briefing ahead of the president’s signature kicking off the probe, said Trump would order U.S.… Please follow and like us:

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Comcast-Charter confirm wireless deal with ‘no-adultery clause’

PHILADELPHIA — Comcast and Charter, the nation’s No. 1 and No. 2 cable operators, confirmed on Monday a deal to cooperate with each other on their wireless businesses, cutting off, for now, speculation that the country’s cable-TV operators and wireless companies would be merging into wireless-cable-internet giants. In the partnership deal, the companies agreed to seek… Please follow and like us:

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Heineken Soaks Up Kirin’s Brazilian Beer Business For €664M

After the massive merger of SABMiller and AB InBev closed in October, Heineken (AEX: HEIA) became the second-largest beer brand in terms of volume sales. Just like its much bigger rival, Heineken’s got a long history of building out its portfolio of recognizable beer labels through acquisition. Since 2015, the year AB InBev launched its bid… Please follow and like us:

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