Comcast increases cash-offer for Sky to $34 billion

Comcast investment

DEFENSE SPENDING: Defense contractors rose after President Donald Trump continued to criticize other North Atlantic Treaty Organisation members at the group's summit in Brussels.

The S&P 500 index rise 24.27 points, or 0.9%, to 2,798.29. Its last record came on June 20.

The lion's share of the fees - up to 170.3 million pounds - will go to the lenders, including Bank of America, that are co-ordinating the financing for Comcast's offer. Broadcom investors expressed their disapproval of the deal, which involves Broadcom taking on 18 billion dollars (£14 billion) in debt.

Sky's stock rose 3.4 percent in London. Software maker CA is jumping after chipmaker Broadcom agreed to buy it for $18.9 billion.

French President Emmanuel Macro said North Atlantic Treaty Organisation spending plans haven't changed, as several years ago members set a long term goal of spending 2 percent of their gross domestic product on defense. Ives says the average Netflix user spends 10 hours a week watching its content, with five hours per week going each to Hulu and Amazon.

Several European leaders said North Atlantic Treaty Organisation spending plans have not changed.

Trump advised Theresa May to sue the EU
Britain's International Trade Secretary Liam Fox said the protesters were "an embarrassment to themselves". Trump told The Sun that such a deal "will probably kill" any prospect of a USA -U.K. free-trade agreement.


Next potential moves: The panel ruled July 13 that Disney's increased offer for the Fox assets - a bump of 35 per cent to US$71.3b - would also require a bump in the mandatory bid price for Sky to 14 pounds per share (that's the same price Fox offered for Sky in its latest bid).

Sky, Fox, Disney and Comcast are locked in a series of interlinked takeover battles, with Fox and Comcast vying for control of Sky and Comcast and Disney battling to buy the bulk of Fox's TV and film assets, including its 39 percent Sky stake.

Comcast was also involved, competing with Disney for the purchase of Fox.

It lifted its bid for Sky on Wednesday after Fox sweetened its rival offer to £14 per share earlier that day. First, if Disney wants to own 100 percent of Sky, it will have to outbid Comcast.

Comcast has been expected to abandon its bid for Fox and focus instead on winning Sky, according to Jonathan Chaplin, an analyst at New Street Research LLC. Disney gained 0.2 percent. But since Mr Schnatter is still is largest shareholder, Mr Cull does not think that will happen. China said it would retaliate if the tariffs take effect, and the dispute could impair global economic growth.

Stocks overseas took bigger losses than USA indexes did and they made smaller recoveries Thursday. In Paris, the CAC 40 climbed 1 percent.

Prince Louis’ Official Christening Photos Released By Kensington Palace
Meghan , 36, in an olive green Ralph Lauren outfit with a hat by Stephen Jones, stands next to a slightly serious-looking Harry . After the ceremony, the baby prince looked content and adorable as he wiggled his fingers at his smiling mum.


Benchmark U.S. crude dipped 0.1 percent to $70.33 a barrel in NY while Brent crude, used to price global oils, rose 1.4 percent to $74.45 per barrel in London.

ENERGY: Benchmark U.S. crude gained 0.4 percent to $70.64 a barrel in NY while Brent crude, used to price worldwide oils, added 0.7 percent to $73.90 per barrel in London.

Benchmark US crude dipped 0.1% to 70.33 dollars a barrel in NY while Brent crude, used to price worldwide oils, rose 1.4% to 74.45 dollars per barrel in London.

US crude dropped 5 percent Wednesday and Brent nosedived nearly 7 percent as investors anxious that the trade conflict will hurt the global economy. They started the year at about £10. The euro rose to $1.1679 from $1.1674.

Bond prices ticked higher.

Trump sets expectations 'low' for Helsinki summit with Putin
The Foreign Ministry called the indictments "a shameful comedy" and said they were aimed at disrupting the Helsinki summit. Trump, meanwhile, has called the news the " enemy of the people " and referred to their reporting as "fake news".


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