The Federal Communications Commission has approved the acquisition of DirecTV by rival AT&T for $48.5bn, but with one especially large catch that the regulator’s chairman, Tom Wheeler, said “would directly benefit consumers”: the new mega-company has to build a network 10 times the size of AT&T’s current network of fiber optic cable.
Toshiba's chief executive and vice-chairman have resigned in the wake of an independent report on the company's 152 billion yen ($1.2 billion) accounting scandal, which accused the management of padding profits.
After more than half a century in which Ben Sherman shirts were bought by The Who, The Jam and Oasis, the fashion brand has been snapped up by a US private equity firm.
British publishing company Pearson is exploring the sale of its financial newspaper, The Financial Times, Bloomberg reported.
Elon Musk has made it official: his electric car company, Tesla Motors, is planning to debut an unnamed new Roadster in four years, and it won’t be based on the Lotus like the last one.
The resignation of a top director at Marks & Spencer has led to renewed speculation about who will take over as head of the retailer when the chief executive, Marc Bolland, eventually departs.
The energy regulator has issued a new and more alarming warning about the potential for blackouts, saying Britain’s spare capacity margin could dwindle to zero as early as next year.
Burberry has avoided another embarrassing confrontation with shareholders over the multimillion-pound pay package of its chief executive, Christopher Bailey, after investors overwhelmingly backed his remuneration.
The Marks & Spencer director in charge of the retailer’s clothing and homewares business is understood to have quit after nearly 30 years with the business.
Deputy Crown Prince Mohammed bin Salman has the world's ear after he elaborated on his plan for taking Saudi Aramco public.
Pictured seated in a workshop, visor raised, 20-year-old Sophy Bage gazes resolutely across the room. Hair drawn back tightly into a ponytail, bright yellow earplugs just visible, a small smile steals across her illuminated face. She looks completely at home – and well she might. Because Bage is a welder.