Business

Business

Disney closes deal for Fox entertainment assets

Disney has closed its $71 billion acquisition of Fox's entertainment business, putting "Cinderella," "The Simpsons," "Star Wars" and "Dr. Strange" under one corporate roof.

EU fines Google $1.7 billion over online ads market

BRUSSELS (AP) — European Union regulators have fined Google 1.49 billion euros ($1.7 billion) for abusing its dominant role in online advertising, the third big antitrust penalty they've given the internet giant since 2017.

Nexstar selling 19 TV stations for $1.32 billion

IRVING, Texas (AP) — Nexstar is selling 19 television stations for $1.32 billion as part of its buyout deal with Tribune Media.

General Mills' quarterly results top forecasts

MINNEAPOLIS (AP) — General Mills Inc. shares rallied in early trading Wednesday after the food company posted better-than-expected results and raised its guidance.

The company reported a fiscal third-quarter profit of $446.8 million, or 74 cents per share. Earnings, adjusted for one-time gains and costs, were 83 cents per share.

Ford repackages factory investment plan

DETROIT (AP) — Ford Motor Co. is repackaging a previously announced manufacturing investment in the Detroit area and now says it will spend $900 million and create 900 new jobs over the next four years.

Google plans to launch Stadia, a game platform

NEW YORK — Google on Tuesday unveiled a video-game streaming platform called Stadia, positioning itself to take on the traditional video-game business.

The platform will store a game-playing session in the cloud and lets players jump across devices operating on Google's Chrome browser and Chrome OS, such as Pixel phones and Chromebooks.

White House foresees long economic boom where others don't

Contrary to the views of most economists, the Trump administration expects the U.S. economy to keep booming over the next decade on the strength of further tax cuts, reduced regulation and improvements to the nation's infrastructure.

Ford shifting 550 jobs to boost SUV production in Kentucky

Ford Motor Co. said Tuesday it will shift 550 jobs to its Kentucky Truck Plant to boost production of its Expedition and Lincoln Navigator vehicles to meet growing demand for its large SUVs

.Growing sales for the Expedition and Navigator are driving a 20 percent production boost at the Louisville plant, the automaker said.

Urbana council OKs new liquor license for grocery store looking to add gambling terminals

URBANA — City council members reignited a debate on video gambling Monday as they considered upgrading a liquor license for a local grocery store that is looking to add video-gambling machines to bolster its narrow profit margins.

Uber competitor Lyft preps 30 million shares for initial public offering

NEW YORK (AP) — Lyft officially kicked off the road show for its initial public offering, saying Monday it plans to put more than 30 million shares up for sale with an anticipated price of between $62 and $68 per share.

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