Market Pulse
Friday newspaper round-up: 21st Century Fox, Black Friday, driverless cars
Cable and media giant Comcast has reportedly approached 21st Century Fox about a possible acquisition, a move that comes after Disney was also reported to be circling Rupert Murdoch’s media empire. 21st Century Fox’s share price shot up in after-hours trading following the news on Thursday, first reported by CNBC. It is unclear whether the cablecompany is exploring a purchase of all or part of Fox, which owns Hollywood studios 20th Century Fox and Fox Searchlight as well as the Fox news and sports channels.
US close: Wall Street back in the green despite tax reform concerns
Wall Street was back in the green on Thursday, bouncing back from weakness earlier in the week thanks to a crop of positive corporate updates and a robust reading on factory output, even as some analysts continue to differ on the outlook.