BusinessLatest Business and Company Updates
Wanda's $1 billion deal to buy Hollywood's Dick Clark scrapped
Eldridge Industries, the U.S. owner of Dick Clark Productions Inc, said on Friday that one of its affiliates terminated an agreement to sell off the TV production company to Chinese conglomerate Dalian Wanda Group.Eldridge, which also owns magazines such as the Billboard and the Hollywood Reporter, said the affiliate terminated
Region
Boeing airplane unit to cut more jobs in 2017
SEATTLE Boeing Co's (BA.N) commercial airplanes unit said on Monday it would cut more jobs in 2017 after slashing the workforce by 8 percent in 2016 as it battles to sell planes.The job cuts come as Boeing and rival Airbus
China's Huawei sees slower revenue growth for 2016
HONG KONG China's Huawei Technologies Co Ltd [HWT.UL], one of the world's largest telecom equipment makers, said on Friday it expects 2016 revenue growth to slow slightly to 32 percent and forecast greater uncertainties next year. The Shenzhen-based company, which
Aberdeen and Standard Life enter into merger discussions
LONDON Scottish fund manager Aberdeen Asset Management (ADN.L) and insurer Standard Life (SL.L) are exploring a possible merger, the two companies said in a statement.Aberdeen shareholders would own 33.3 percent of the combined group under the terms of the potential
