Comcast and Disney prepare rival bid for Fox assets
Comcast says it is in advanced stages of an all cash offer that would top Disney’s 52.4 billion stock deal for Twenty-First Century Fox. Reports say Comcast lined up about 60 billion in cash to challenge Rupert Murdoch’s company as content becomes more valuable amid streaming competition.
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Nbcuniversal
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Las Vegas Culinary Union votes to strike if no deal by June 1
About 25,000 Culinary Union members at 34 casino resorts authorize a strike starting June 1, threatening disruption across Caesars Palace Planet Hollywood Bellagio MGM Grand Stratosphere The D and El Cortez. Contracts for 50,000 workers expire May 31 as talks continue with MGM Resorts and Caesars Entertainment.
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Caesars Entertainment Corp
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Caesars
Fed hints gradual rate rises boost stock market
U S stocks rose after the Fed signaled no rush to hike rates. Retailers and tech led gains while bond buying pushed yields lower. Markets fade early loss on May minutes showing a slow path to higher rates and potential inflation tolerance.
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Uber ends self driving program in Arizona after fatal crash
Uber pulls its autonomous cars from Arizona and ends tests there following the March Tempe death of Elaine Herzberg. About 300 Arizona backup and related staff lose jobs. tests in Pittsburgh and San Francisco paused or redirected as Waymo and others press ahead.
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