IBT Staff Reporter

40921-40950 (out of 154954)

Intel eyes Internet-based TV service: WSJ

Chipmaker Intel Corp is developing an Internet-based TV service for consumers and has been promoting it with media companies, the Wall Street Journal said, citing people familiar with the effort.

Diller-backed Aereo countersues broadcasters

Aereo Inc, an online television service backed by billionaire Barry Diller that is preparing to launch on Wednesday, filed a countersuit against broadcasters seeking to stop the retransmission of their programming.

Youku to buy Tudou, creating China online video giant

China's top two online video companies are joining forces, with Youku.com buying smaller rival Tudou Holdings Ltd in an all-stock deal worth over $1 billion, creating an industry leader with more than a one third share of a market that is losing money as it battles rising costs.

Mexico's Slim aims to launch Internet TV channel

Mexican billionaire Carlos Slim is financing an Internet TV network that will include an interview show with former CNN television host Larry King in a project that could be running before October, according to the network and a Slim spokesman.

UPS won't raise TNT bid price much: sources

United Parcel Service will only sweeten its 4.9 billion euros ($6.4 billion) bid for Dutch parcel-delivery firm TNT Express by a symbolic amount at best, three sources close to the talks said.

Wall Street edges down with eyes on Fed, China

The S&P 500 and the Nasdaq slipped on Monday as China's economic data and a Federal Reserve monetary policy statement due later this week gave traders reason to pause after a three-day rally.

PepsiCo deepens management bench

PepsiCo Inc revamped its global structure on Monday in a move that deepens its management bench and could pave the way for an eventual successor to Chief Executive Indra Nooyi.

Tiffany hits back at Swatch with $590 million claim

Jeweler Tiffany & Co has filed a $590 million counter-claim against Swatch Group SA , the Swiss watchmaker said on Monday, the latest volley in the companies' feud over a failed deal to sell watches together.

Fed-Mogul CEO to retire, creates new division

Auto parts supplier Federal-Mogul Corp said on Monday Chief Executive Jose Maria Alapont will retire at the end of this month and the maker of powertrain and safety technology will create an independent aftermarket division.

Safety regulators open probe on Ford Taurus

Safety regulators have opened an investigation into an estimated 360,000 Ford Motor Co Taurus sedans for a potential problem with the throttle getting stuck in an open position.

PepsiCo shakes up global structure

PepsiCo Inc said it was taking the essential step of changing its global structure by creating the new job of president to integrate its sprawling operations worldwide, and was bringing back a former executive to head its food and snacks business in the Americas.

EU open to settlement with e-book publishers

EU regulators are open to a settlement with e-book publishers owned by Lagardere , News Corp and three other firms if they offer concessions to resolve competition concerns, the EU's antitrust chief said on Monday.

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