Media playback is unsupported on your deviceWalt Disney has agreed to buy the bulk of 21st Century Fox's business for $ 52.4bn (£39bn), in a deal both companies said position them to compete in the rapidly changing media industry.The purchase includes Fox's film and television studios, as well as its 39% stake in satellite broadcaster Sky.Fox will form a news-focused company with its remaining assets.The move is a sharp shift for 86-year-old Fox owner Rupert Murdoch after more than half a century of media expansion.Mr Murdoch turned a single Australian newspaper he inherited from his father at the age of 21 into one of the world's largest news and film empires.He said the break-up makes sense amid new threats from online advertising and competitors who are streaming entertainment into home
A £6bn deal to sell Eurofighter Typhoons to Qatar will help safeguard thousands of UK jobs.BAE Systems employs about 5,000 people in the UK to build the fighter jets, mainly at Warton in Lancashire.Qatar's purchase of 24 jets includes a support and training package from BAE, with deliveries due to start in 2022.The deal was announced in Doha by Defence Secretary Gavin Williamson and his Qatari counterpart, Khalid bin Mohammed al Attiyah. Mr Williamson said it was a "massive vote of confidence, supporting thousands of British jobs and injecting billions into our economy".BAE chief executive Charles Woodburn said the contract, worth £5bn to the company, was the start of a long-term relationship with Qatar and its armed forces. "This agreement is a strong endorsement of Typhoon's leading capa
Shutterstock photoThe directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money - maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $ 195.5K by John P. Neafsey, Director at Alliance Resource Partners LP (Symbol: ARLP). PurchasedInsiderTitleSharesPrice/ShareValue08/07/2017John P. NeafseyDirector10,000$ 19.55$ 195,500.00 Neafsey's ave...
Amazon's $ 13.7 billion acquisition of Whole Foods could mean big changes for the way people buy groceries — and just about everything else.Amazon could try to use automation and data analysis to draw more customers to stores while helping Whole Foods cut costs and perhaps prices. Meanwhile, the more than 460 Whole Foods stores in the U.S., Canada and the U.K. could be turned into distribution hubs — not just for delivering groceries, but also as pickup centers for online orders.Walmart, which has the largest share of the U.S. food market, has already been pushing harder into e-commerce to build on strength in its stores and groceries. It announced Friday that it's buying online men's clothing retailer Bonobos for $ 310 million, following a string of online acquisitions such as ModCloth a