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FCC chair Pai seeks approval for Nexstar-Tribune merger

FILE PHOTO: Chairman Ajit Pai speaks at the Federal Communications Commission in Washington, U.S., December 14, 2017. REUTERS/Aaron P. Bernstein WASHINGTON (Reuters) – Federal Communications Commission chairman Ajit Pai on Friday sought approval from his colleagues to order the go ahead for Nexstar Media Group Inc’s acquisition of Tribune Media Co in…

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Google to pay up to $200 million to FTC on YouTube probe: source

WASHINGTON (Reuters) – Alphabet Inc’s Google will spend up to $200 million to settle a Federal Trade Commission investigation into YouTube’s alleged violation of a children’s privacy law, a person briefed on the matter told Reuters. FILE PHOTO: A Google logo is seen at the company’s headquarters in Mountain View, California, U.S.,…

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Chaos as Hong Kong Protesters Face Off With Police

By BARBARA MARCOLINI | Aug. 31, 2019 | 0:35 Protesters clashed with officers after ignoring a government ban on their march. It was one of the most intense days of conflict since democracy demonstrations began in June. Related: article: Hong Kong Protesters Clash With Police After Defying Ban

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Wall St. flattens out into Labor Day weekend

(Reuters) – Gains on Wall Street petered out on Friday, with the Nasdaq index turning negative, as an upbeat mood fueled by signs of upcoming U.S.-China trade talks and solid domestic consumer spending data, waned ahead of a long Labor day weekend. FILE PHOTO: Traders work on the floor at the New…

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Some temporary weights on U.S. inflation ease in July

WASHINGTON (Reuters) – The U.S. Federal Reserve’s favored measure of inflation increased last month at the pace expected by Wall Street for the first time this year. FILE PHOTO: People shop at Macy’s Department store in New York City, U.S., March 11, 2019. REUTERS/Brendan McDermid Consumer prices outside food and energy rose…

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China to exempt Tesla cars from purchase tax

BEIJING (Reuters) – China will exempt Tesla Inc’s (TSLA.O) electric vehicles from its purchase tax, the Ministry of Industry and Information Technology (MIIT) said on its website on Friday. China currently levies a 10% purchase tax on the sale of each vehicle. The move could reduce the cost of buying a Tesla…

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