Cable giant Charter to acquire Bright House Networks in 10.4 billion deal
Charter Communications structures a 10.4 billion takeover of Bright House Networks, with cash and stock giving Charter 73.7 percent of the new entity. Bright House serves about 2.5 million subscribers in Tampa Orlando Bakersfield and other regions, boosting Charter toward 10 million customers amid industry consolidation. The deal faces shareholder and regulatory approvals and hinges on Charter Comcast subscriber swaps and antitrust clearances.
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Pilot Flying J settlement ends four trucking lawsuits
Four trucking firms including National Retail Transportation and Keystone Freight resolved suits against Pilot Flying J over withheld fuel rebates. Shoreline Transportation of Alabama and Osborn Transportation also settled in March, while three other companies continue in federal court. Pilot says offers remain open.
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Cleveland Browns
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Shoreline Transportation of Alabama Inc
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Aubrey Harwell
RadioShack sale approved by bankruptcy judge
In Dover Delaware Judge Brendan Shannon approved the sale of more than 1740 RadioShack stores to hedge fund Standard General preserving about 7500 jobs. The plan partners Sprint to run store within a store shops via General Wireless, a Standard General affiliate. The bid valued at about 160 million was deemed economically superior to liquidation.
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Google and Haier and Hisense cut Chromebook prices to lure schools
Google unveils its cheapest Chromebooks at 149 with Hisense and Haier models sold via Walmart and Amazon as Microsoft counters with a lower priced Surface Pro 3. IDC projects 8 million Chromebooks sold this year while overall PC sales fall. Chromebooks rely on cloud computing with no hard drive and auto use of Google services. The price war aims to expand Internet connected devices in classrooms and homes, boosting ad revenue for Google.
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San Francisco
Google
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Hisense
Haier
Walmart.com
Amazon.com
International Data Corp
Jay Chou
Chou
YouTube
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IDC
Asus
Surface 3 gains Pro 3 feel in thinner fanless design
Surface 3 targets everyday tasks with a premium look at a lower price while offering high end performance hints. The device is thinner and lighter, removes the fan, and matches the Pro 3 screen resolution with about 10 hours of video playback. Hisense and Haier variants share 11.6 inch displays and 2 GB memory, using Rockchip CPUs. Hisense claims up to 8.5 hours, Haier up to 10 hours with removable batteries for easy replacement.
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Dennis Meinhardt
Hisense
Haier
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