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The bid is actually a dramatic attempt by Comcast to thwart Disney (DIS), which reached a $52.4 billion deal in December to buy the same Fox (FOX) film as well as TV assets.

The Comcast (CMCSA) move came one day after a judge approved AT&T’s (T) $85 billion acquisition of Time Warner (TWX), which owns CNN as well as HBO.

The ruling is actually required to mark the beginning of a frenzy of consolidation from the media industry, as traditional players look to join forces as well as grow in order to challenge powerful tech companies, including Netflix (NFLX) as well as Amazon (AMZN).

2. Downbeat stocks: Global investors are digesting the latest Federal Reserve interest rate hike, which has weighed on stock markets.

US stock futures dropped Thursday as well as European markets slipped in early trading. Asian markets ended the day in negative territory, with some markets down by more than 1%.

While the mood is actually downbeat, the tech-heavy Nasdaq hit a fresh intra-day trading high on Wednesday before reversing course.

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3. Volkswagen fine: Shares in Volkswagen (VLKAY) were down 1% after German prosecutors imposed a €1 billion ($1.2 billion) fine on the automaker for rigging diesel engine emissions worldwide.

Volkswagen first admitted in 2015 the idea had rigged millions of diesel engines to cheat on emissions tests.

The automaker said the idea accepted the penalty, which related to inadequate oversight from the department that will develops powertrains — engines as well as transmission systems.

Prosecutors said the idea was the biggest fine ever imposed on a company in Germany.

4. Job cuts: Shares in UK engineering company Rolls-Royce surged by 3% after the idea said the idea might cut 4,0 jobs.

The firm said that will the idea might make the job cuts over the next two years as the idea seeks to reduce annual costs by £400 million ($535 million) by 2020. Most of the job losses will be from the United Kingdom.

5. Earnings as well as economics: Michaels Companies (MIK) will report earnings ahead of the open. Adobe Systems (ADBE) reports quarterly results after the close.

The European Central Bank is actually set to issue its fresh interest rate decision at 7:45 a.m. ET. This particular will be followed by a press conference at 8:30 a.m.

Investors will be looking for clarity on whether the central bank will pull the plug on its massive stimulus program.

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6. Coming This particular week:

Thursday — US retail sales for May
Friday — Deadline for the White House to publish Chinese tariff list covering $50 billion worth of products

CNNMoney (London) First published June 14, 2018: 4:53 AM ET



Source : Comcast bids for Fox; Rolls-Royce cuts jobs; Volkswagen penalty

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