New York Posts – Business

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  • Trump seems happy about Disney’s purchase of Fox
    by Alexandra Steigrad on December 15, 2017 at 3:41 am

    Investors weren’t the only ones happy with the Disney-Fox deal on Thursday — President Trump appeared to be a fan, too. Trump called Fox Executive Chairman Rupert Murdoch right after the deal was announced to congratulate him, White House spokeswoman Sarah Huckabee Sanders told reporters. “The president spoke with Rupert Murdoch earlier today, congratulated him... […]

  • Historic NYC eatery Lindy’s prepares to close up shop
    by Lisa Fickenscher on December 15, 2017 at 3:06 am

    Another piece of the Big Apple’s culinary history is biting the dust. The last Lindy’s — a deli-style restaurant that was once famous for its insulting waiters and its cheesecake — is preparing to close on Feb. 7, according to a government filing. At Seventh Avenue at W. 53rd Street, the eatery is owned by... […]

  • Why comic-book fans are stoked about Disney’s $52B Fox deal
    by Richard Morgan on December 15, 2017 at 2:59 am

    Welcome home, Magneto. Long time no see, Mystique. Disney’s deal to buy the 20th Century Fox movie assets means the X-Men will be reunited with their Marvel comics pals like Captain America and Iron Man. In announcing the deal, Disney promised Magneto, Mystique and the rest of the X-Men would return to the Marvel Cinematic... […]

  • How a $52B deal puts The Simpsons and Mickey Mouse under one roof
    by Alexandra Steigrad on December 15, 2017 at 2:51 am

    In a blockbuster deal that could help reshape the media landscape, Disney will acquire a majority of the assets of Twenty-First Century Fox — including its storied Hollywood studio, its TV studio and 22 regional sports networks. The all-stock $52.4 billion deal will help Disney Chief Executive Bob Iger’s plan to turn a mostly analog... […]

  • Why Disney’s Fox purchase should be a huge boost to ESPN
    by Richard Morgan on December 15, 2017 at 2:44 am

    ESPN, which has struggled in recent quarters with declining subscribers, could soon get a shot in the arm. If Washington regulators approve Disney’s acquisition of a large part of Twenty-First Century Fox’s assets without forcing any divestitures, ESPN will gain 22 regional sports networks. Those RSNs hold the broadcast rights for 44 of the country’s... […]

  • Amazon Prime membership finally starts to stagnate
    by Lisa Fickenscher on December 15, 2017 at 2:37 am

    Mighty Jeff Bezos has hit a wall. The number of US shoppers who are willing to fork out $99 a year for Amazon Prime had zero growth in the third quarter, according to a report on Thursday. The report, from Morgan Stanley, showed that 40 percent of individuals questioned in a survey said they were... […]

  • The most outrageous private-jet requests for the holidays
    by Mara Siegler on December 15, 2017 at 1:47 am

    One family flew their cat — sans humans — to London. […]

  • Ugg boot maker fends off activist investor
    by Carleton English on December 14, 2017 at 10:18 pm

    The company that makes Ugg boots just brushed off an ugly attack from an activist investor. Deckers Outdoor said Thursday that shareholders re-elected all nine of its board members, rejecting three nominees from hedge fund Marcato Capital, which had been prodding the company to either sell itself or spin off lesser-known footwear brands like Teva... […]

  • Net neutrality is dead
    by Bob Fredericks on December 14, 2017 at 6:20 pm

    The feds on Thursday repealed the Obama-era ’net-neutrality rules, giving Internet service providers like Verizon, Comcast and AT&T the freedom to block or slow Web sites and apps and charge ’Net-reliant businesses more for faster speeds. In a 3-2 party-line vote, the GOP-controlled Federal Communications Commission essentially scrapped the principle that all Web traffic must... […]

  • JPMorgan’s top economist differs with Jamie Dimon on job outlook
    by Kevin Dugan on December 14, 2017 at 6:04 pm

    When it comes to the Trump tax plan, JPMorgan Chase isn’t buying what its own CEO is selling. The biggest US bank’s top economist is predicting that the Congressional tax reform bill will only add about “about 200,000 jobs” — a mere 10 percent of a 2-million-job forecast JPMorgan boss Jamie Dimon had cited in... […]

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