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Wednesday, February 4, 2015

Daily Investor Briefing: Fox second-quarter revenue beats...

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02/4/2015
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Fox second-quarter revenue beats analysts' estimates
(Reuters) - Twenty-First Century Fox Inc's quarterly revenue beat analysts' estimates, helped by growth in its cable network and film studio businesses.
S&P 500 ends lower as oil hits energy names
NEW YORK (Reuters) - U.S. stocks ended a volatile session lower on Wednesday, as oil prices pulled back sharply following four days of gains, pressuring energy shares.
Buffett says will likely buy small business in Europe: Fox Business
NEW YORK (Reuters) - Billionaire investor Warren Buffett said on Wednesday he is likely to buy a small business in Western Europe and he would like to buy more businesses abroad.
Yum says China recovery taking longer than expected
(Reuters) - Yum Brands Inc on Wednesday warned that it is taking longer than expected for its China business to recover from a safety scare involving a minor supplier, and reported that fourth-quarter sales at established restaurants there fell 16 percent.
Staples, Office Depot expect second time a charm in merger
(Reuters) - Staples Inc and Office Depot should find the second time is a charm as the top two U.S. office supply chains once again test the views of antitrust regulators in the rapidly changing retail landscape, experts said on Wednesday.
Petrobras changes to take time, even with new CEO
RIO DE JANEIRO (Reuters) - Investors betting that a long-awaited management change at Brazil's Petrobras will result in a swift rebound of the state-run oil company's fortunes are likely to be disappointed.
BT finalizes deal to buy EE: source
LONDON (Reuters) - BT has reached agreement with Orange and Deutsche Telekom ‎ to buy their UK mobile network operator EE and a deal could be announced as early as Thursday morning, a person familiar with the situation said.
Oil crashes after four-day rally; U.S. inventory renews glut worry
NEW YORK (Reuters) - Oil prices crashed on Wednesday, with U.S. crude losing 9 percent in one of its biggest daily routs ever, as record high oil inventories in the United States cut short a four-day rally.
Exclusive: Hasbro pays Mexico tax authorities $65 million in settlement after probe
MEXICO CITY (Reuters) - The world's No. 2 toymaker, Hasbro Inc, has paid $65 million to Mexican tax authorities in a settlement, a spokeswoman for the company said on Wednesday, following a probe into the company for possible for tax avoidance.
Exclusive: Apollo in the lead to acquire Protection 1 - sources
(Reuters) - Private equity firm Apollo Global Management LLC is in advanced talks to acquire Protection 1 in a deal that could value the U.S. home security company at close to $1.5 billion, including debt, according to people familiar with the matter.
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