The merger of AT&T’s WarnerMedia and Discovery has cleared U.S. regulators, the companies announced Wed.,  in the last major hurdle for the $43-billion deal. Basically, regulators let the waiting period expire without objection. AT&T CEO John Stankey had indicated on the telco’s earnings call with analysts last week that approval could be coming sooner than expected — but this is […]

‘Unemployment barely figures in the Budget except as a derived demand from industry and infrastructure.’‘There is no effort at direct attack on unemployment.’ While many commentators applaud the Rs 7 lakh crore capital expenditure Finance Minister Nirmala Sitharaman has allotted for various infrastructure projects in the Budget, Professor R Nagaraj chooses to ask some tough questions. He is a Visiting […]

Jetstar is calling on New Zealanders to “book a break” with its latest sale. The airline is offering low fare across its domestic network, starting from only $25 for flights between Auckland and Christchurch and Auckland and Wellington. The Jetstar Book-a-Break sale runs for five days starting from midnight tonight. Travel dates vary per route and include periods from March […]

Billionaire investor Peter Thiel will step down from the board of Facebook owner Meta Platforms Inc.(FB). Thiel, a co-founder of PayPal, Palantir Technologies, and Founders Fund, was the first outside investor in Facebook. He has decided not to stand for re-election to the Board of Directors of the Company at the Company’s 2022 Annual Meeting of Stockholders. Thiel has been […]

New York (CNN Business)Peloton is replacing embattled CEO John Foley and cutting about 20% of its corporate workforce to help reinvigorate the flailing fitness company. Barry McCarthy, the former chief financial officer of Spotify and Netflix, will become its CEO and president of Peloton’s board, effective Tuesday. Foley will become the company’s executive chair, and wrote in a public note […]

Ofgem price cap ‘fundamental problem’ says Ecotricity founder We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Almost half of the UK’s energy firms went bust last year, leaving […]

Mutual fund (MF) houses have started realigning their overseas product offerings after the Securities and Exchange Board of India (Sebi) advised them to stop subscriptions. PPFAS Asset Management has decided to suspend transactions in Parag Parikh Flexi Cap Fund with effect from February 2, 2022. Though new lump-sum and systematic investment plans (SIPs) will not be accepted, existing SIPs and […]