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U.S. sues DirecTV for illegal information trading during Dodgers talks

November 2, 2016 by · Leave a Comment 

The U.S. Justice Department filed a lawsuit on Wednesday against DirecTV, alleging the company acted as a ringleader to unlawfully swap information with rival pay-TV companies during negotiations over whether to show Dodgers baseball games in the Los Angeles area. The department said DirecTV, now owned by AT&T , swapped information with Cox Communications, Charter Communications and AT&T, to win bargaining leverage against Time Warner Cable, which distributes a channel showing Dodgers games in Los Angeles.

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U.S. sues DirecTV for illegal information trading during Dodgers talks

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Fed holds rates steady, sets stage for December hike

November 2, 2016 by · Leave a Comment 

The Federal Reserve kept interest rates unchanged on Wednesday in its last policy decision before the U.S. election, but signaled it could hike in December as the economy gathers momentum and inflation picks up. Fed policymakers also expressed more optimism that inflation was moving toward their 2 percent target. “The committee judges that …

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Fed holds rates steady, sets stage for December hike

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Chipmaker Broadcom to buy network gear maker Brocade for $5.5 billion

November 2, 2016 by · Leave a Comment 

Chipmaker Broadcom Ltd said on Wednesday it would buy network gear maker Brocade Communications Systems Inc for $5.5 billion to expand its fiber channel and data storage businesses, the latest in a flurry

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Chipmaker Broadcom to buy network gear maker Brocade for $5.5 billion

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Gawker settles with ex-pro wrestler Hulk Hogan for $31 million: court document

November 2, 2016 by · Leave a Comment 

By Jessica DiNapoli NEW YORK (Reuters) – Shuttered online news website Gawker Media LLC has reached a $31 million cash settlement with Hulk Hogan, the former professional wrestler who obtained a $140 million judgment against the site over a leaked sex tape. Hogan's judgment forced Gawker, known for its irreverent tone and gossipy posts, into bankruptcy in June. “As with any negotiation for resolution, all parties have agreed it is time to move

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Gawker settles with ex-pro wrestler Hulk Hogan for $31 million: court document