Business

CBS sues key investor over Viacom merger

[ad_1] Image copyright Getty Images Image caption Shari Redstone in 2017 CBS has filed a lawsuit against its biggest shareholder, who is pushing to merge the US broadcaster with Paramount film studio-owner Viacom.The board of CBS wants to block National Amusements Inc (NAI), a company owned by Sumner Redstone and his daughter Shari, from "interfering" in a meeting to discuss the merger. It also wants to dilute the shareholdings of
Business

US ruling opens way for states-wide sports betting

[ad_1] Image copyright Getty Images The US Supreme Court has made a landmark ruling that could allow states across the country to legalise sports betting.It has endorsed a 2014 state ruling in New Jersey which permits sports betting in casinos and at horse racing tracks.The court also struck down a 1992 federal law banning sports gambling.The news sent the share prices of gambling stocks in the US and UK surging,
Business

T-Mobile owner battles dataJAR over magenta logo

[ad_1] Image copyright T-Mobile / dataJAR Image caption T-Mobile's logo (above) and dataJAR's (below) A British software company could face a costly legal battle after a telecoms giant took issue with the colour of its logo.Lawyers acting for T-Mobile owners Deutsche Telekom have opposed a trademark application by Brighton-based company dataJAR.Hogan Lovells said the German firm owns trademarks in magenta which is "the core element of its identity".But dataJAR's James
Business

Mothercare close to revealing rescue plan

[ad_1] Image copyright PA Mothercare has said it is finalising a "comprehensive" reorganisation and refinancing of its business.The mother and baby products retailer intends to announce the plan on 17 May when it releases annual results.The reorganisation is likely to be a company voluntary arrangement (CVA), which typically results in retailers closing stores and renegotiating rents, in return for fresh financing.The firm replaced its chief executive in April after a
Business

Office provider IWG shares surge on bid approaches

[ad_1] Image copyright IWG Shares in global office service firm IWG have jumped more than 20% in early trade after it said three companies had expressed an interest in buying it.IWG issued a statement late on Friday after its shares had risen on rumours it was a takeover target.It said it had received approaches from US property firm Starwood Capital, UK private equity firm TDR Capital and US buyout firm
Business

Why history drives China’s tough stance on global trade

[ad_1] Image copyright Getty Images Image caption President Trump has insisted that he and President Xi will always be friends The world's two largest economies, the US and China, are in the midst of a trade spat that threatens to erupt into a full-scale trade war.US President Donald Trump launched the trade dispute by threatening to impose tens of billions of dollars of new tariffs on Chinese imports unless China
Business

Jim Ratcliffe: Turning cast-offs into gold

[ad_1] Image copyright Getty Images Jim Ratcliffe may once have been called Dr No by trade unions for his tough negotiating stance, but the UK's richest man is a champion of the unloved.Through buying up and turning around the cast-off parts of big business, the Mancunian has made his £21bn fortune.From operations once owned by the likes of oil giant BP, Mr Ratcliffe has created a company whose chemicals and
Business

The truth about Tulip Mania

[ad_1] Image copyright Alamy In the 17th Century the Dutch went mad trading tulip bulbs in the hope they could make a massive profit. But was Tulip Mania - a parable of greed compared to the recent heavy investment in the Bitcoin crypto-currency - really so awful?How much is a thing worth? An ounce of gold? A kilogram of apples? A share in Apple?One simple way of answering that question
Business

Wage squeeze worst in modern history says TUC

[ad_1] Image copyright PA The UK's real wage squeeze will be the worst in modern history and the slowest for 200 years, according to union data.The Trades Union Congress (TUC) says wages have lagged behind inflation since 2008 and are worth £24 less in real terms than in 2008.It says they won't recover until 2025, by which time, it says, workers will have lost £18,500. The government said its policies