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FCC raises concerns about Sinclair-Tribune deal; shares skid

WASHINGTON (Reuters) – Federal Communications Commission Chairman Ajit Pai said on Monday he had “serious concerns” about Sinclair Broadcast Group Inc’s (SBGI.O) proposed $3.9 billion acquisition of Tribune Media Co (TRCO.N), a surprise move which could potentially scuttle the deal and sent shares of both companies tumbling. FILE PHOTO: Chairman of the…

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Tesla shares fall after CEO Musk abuses British diver

(Reuters) – Shares of Tesla Inc fell 2.75 percent on Monday after Chief Executive Elon Musk directed abuse on Twitter at one of the British cave divers involved in the rescue of 12 Thai children last week. A number of analysts and investors, requesting anonymity, told Reuters that Musk’s comments are adding…

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Netflix shares tank after big miss on subscriber growth

(Reuters) – Netflix Inc’s subscriber growth fell short of Wall Street expectations on Monday, sending shares of the normally high-flying stock down 14 percent on fears that the company’s rapid expansion is slowing. The streaming video pioneer added 5.2 million customers from April through June, 1 million fewer than forecasts from Thomson…

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Asian shares edge lower as investors await China data

SHANGHAI (Reuters) – Asian shares were lower on Monday, brushing off the firmer Wall Street lead as investor caution dominated ahead of the release of key Chinese economic data, which is expected to show signs of a slowdown. FILE PHOTO: An investor holds onto prayer beads as he watches a board showing…

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Planemakers to kickstart Farnborough jetliner order battle

FARNBOROUGH, England (Reuters) – Aerospace firms Airbus (AIR.PA) and Boeing (BA.N) will kickstart a contest for tens of billions of dollars of orders at the Farnborough Airshow on Monday, ensuring fireworks start early as they seek to bolster their already bulging order books. FILE PHOTO: President, Chairman and CEO of The Boeing…

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Thyssen and Kone owners held merger talks on elevator ops: paper

FRANKFURT (Reuters) – Large shareholders of Thyssenkrupp (TKAG.DE) and Kone (KNEBV.HE) have held talks on a potential merger of the elevator businesses of the two companies, according to a German daily. FILE PHOTO: Thyssenkrupp’s logo is seen close to the elevator test tower in Rottweil, Germany, September 25, 2017. REUTERS/Michaela Rehle/File Photo…

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