BUSINESS

Twenty-First Century Fox Inc agreed to sell its 39 percent stake in Sky PLC to Comcast Corp, the companies said Wednesday, a deal that completes the U.S. cable group's takeover and ends Rupert Murdoch's relationship with the U.K.-based satellite broadcaster.

For Chinese tech giants Alibaba and Tencent, Southeast Asian domestic helpers in Hong Kong may prove key to their global ambitions in financial services.

Uber Technologies Inc has settled with the top legal officers in all 50 U.S. states over a massive data breach that the company failed to disclose in 2016, resolving one of the more catastrophic embarrassments that have engulfed the ride-hailing company over the last couple of years.

Ford Motor Co Chief Executive Officer James Hackett said on Wednesday that metals tariffs are costing the carmaker $1 billion.

With the Federal Reserve widely expected to raise interest rates on Wednesday, financial markets are focused on whether signs of an acceleration in U.S. economic growth will prompt the central bank to ramp up the pace of monetary policy tightening.

The products will be a permanent addition to the brand, and was one of the biggest innovation in M&M's history, a statement by the company added.

Nike had not commented on the ad campaign since its launch earlier this month.

In 2017, 23 domestic airlines earned more than $4.5 billion in baggage fees, which was around $276 million more than what they made in 2016.

U.S. officials, including President Donald Trump, are trying to assure consumers and investors that enough supply will remain in the oil market.

Currently, Coinbase supports five cryptocurrencies - bitcoin, bitcoin cash, ethereum, ethereum classic, and litecoin - on its exchange platform.

The Chinese economy is in the midst of a long-term restructuring that has seen the decline of low-end industries and the emergence of higher-value factories that make robotics and drones.

Brent is on course for its fifth consecutive quarterly increase, the longest such stretch for the global benchmark since early 2007, when a six-quarter run led to a record-high of $147.50 a barrel.

The company also expects costs to grow in the low teens in the current quarter on higher investments in its digital platform and sports marketing during kickoff of the NBA and NFL seasons.

Trump’s top trade official said on Tuesday that changing China’s economic policies to become more market-oriented “is not going to be easy” even with tariffs now in place on $250 billion worth of Chinese goods.

The United States imposed new sanctions on Venezuelan President Nicolas Maduro’s wife and key allies including the vice president and defense minister, accusing them of plundering the country’s wealth and helping Maduro maintain his grip on power.

U.S. fashion group Michael Kors has agreed to buy Versace in a deal valuing the revered designer at $2 billion including debt, the companies said on Tuesday, making it the latest Italian brand to fall into foreign hands.

Canadian Prime Minister Justin Trudeau on Tuesday took a cautious line over talks to update NAFTA, saying he saw a possibility that Canada could build on a bilateral deal that the United States and Mexico have already agreed.

Qualcomm Inc on Tuesday alleged that Apple Inc stole its trade secrets and gave them to Intel Corp with the goal of improving Intel’s chips so Apple could replace Qualcomm’s chips, the latest move in a drawn-out legal dispute.

The prices of the stolen frequent flyer miles on the dark web were not consistent across vendors, and could be based on the vendor’s own needs rather than on supply and demand.

All retailers were asked to remove Mauna Loa Macadamia Nut products received after Sept. 6.

Analysts polled by International Business Times say the 2-10’s yield curve is not a reliable tool to indicate an upcoming recession, when the economy is doing strong.

Despite the political pressure to spend on election promises, which has fueled talks of an ‘Italexit,’ the heavy economic costs of such a move will deter Italy’s politicians from walking out of the EU.

For tracing the food products sold in its stores, Walmart has tied up with technology company IBM to implement blockchain in its food supply chain process.

DubaiPay collected about $3 billion from 9.4 million transactions in 2017, an increase of 17 percent compared to 2016.

The new S&P 500 communication services sector, which includes such high-profile names as Facebook, Alphabet and Netflix, made its debut on Monday, after the largest-ever overhaul of Wall Street’s broad business sectors.

U.S. fashion group Michael Kors Holdings Ltd has agreed to take control of Italy’s Versace in a deal that could value the company at $2 billion, sources familiar with the matter said on Monday.

T-Mobile US Inc said Monday it is renaming its prepaid brand to Metro by T-Mobile and adding two new unlimited phone plans that will include perks like Google One cloud storage and Amazon Prime, in an effort to remove the perception that prepaid plans have subpar service.

Shares in Sky jumped 9 percent on Monday to within touching distance of the 17.28 pounds a share Comcast bid to beat Twenty-First Century Fox in the battle for Europe’s biggest pay-TV group.

All economists polled by International Business Times expect the U.S. Federal Reserve to raise its benchmark Fed Funds Rate by 25 basis points to 2.0-2.25 percent.