Bloomberg Walt Disney Co.’s Robert Iger said he’s confident he can clinch a $52.4 billion deal for 21st Century Fox’s assets, despite the prospect of a bidding war against Comcast Corp. Disney’s chairman and chief executive officer said it’s “way too early” to speculate about the possibility of an auction for the assets his company agreed to buy in December. ...

Bloomberg An activist firm representing Tesla Inc. shareholders has excoriated the electric-car maker, claiming that it’s veered off the path to profit and urging a major overhaul of the Elon Musk-led board. CtW Investment Group, working with union pension funds that are Tesla investors managing more than $250 billion, opposes the re-election of three board members who are up for ...

Bloomberg Jazz Pharmaceuticals Plc reached a tentative agreement with the Justice Department to settle a probe over its donations to charities that help people afford drugs, part of a long-running US investigation into drugmaker ties to such groups. In a securities filing, the maker of the costly narcolepsy drug Xyrem said it reached an agreement in principle in April for ...

Bloomberg AT&T Inc confirmed that it hired a firm established by Donald Trump lawyer Michael Cohen, saying it was seeking “insights” around the time the new administration was inaugurated last year. The relationship came to light, when AT&T was cited by attorney Michael Avenatti as one of the parties that made payments to Cohen’s firm. Larry Solomon, a spokesman for ...

If you’re surprised that last week’s trade negotiations between the US and China achieved little, take a look at the laundry list of demands the White House foisted on Beijing. President Donald Trump wants China to slash the trade deficit; end cyber theft of US technology; eliminate regulations impeding access for American companies; cease subsidizing new high-tech industries; and more. ...

India has millions of military personnel, billions of dollars in arms spending and grave threats on its borders, yet the nation doesn’t make its own fighter jets and anti-tank missiles. Is that a massive opportunity for investors? Not so fast. India has been striving toward defense self-sufficiency since the 1960s. The country has one of the world’s largest military budgets ...

Nestle SA may have found the right brew for perking up its US coffee business. The consumer-goods giant recently announced a $7.2 billion deal with Starbucks Corp. that allows it to market, sell and distribute the Seattle-based company’s packaged coffees and teas. It’s just the latest in a string of deals orchestrated by Nestle CEO Mark Schneider, who has been ...

This month, the European Union will embark on an expansive effort to give people more control over their data online. Known as the General Data Protection Regulation, it’s ambitious, well-intentioned and largely wrongheaded. As it comes into force, Europe should be mindful of unintended consequences — and open to change when things go wrong. No one could say the GDPR ...

One of the scariest ideas in the world is the possibility that technological progress is petering out. Without it, there can be no long-run economic expansion or ongoing improvement in the human condition. Modern societies and economies are built on the assumption of growth, but even if they were to be reorganized to adapt to a static world, it could ...

Britain’s supermarket industry is in upheaval. And the planet’s retail giant may yet make its mark. Amazon.com Inc. tried to open talks to buy Waitrose last year, according to the Sunday Times. The John Lewis Partnership, which owns the grocer known for its posh clientele, denied that an approach had been made, while Amazon declined to comment. This odd couple ...