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LOS ANGELES (AP) — When the last drop — or gallon — of blood is shed and an exultant victor has ascended to the Iron Throne, viewers may be split over how HBO's fantasy saga ended but they'll be joined in deprivation.
British Prime Minister Theresa May says Parliament will vote Thursday on whether to seek a delay to Britain's March 29 departure from the European Union. President Donald Trump has issued an emergency order grounding all Boeing 737 Max 8 aircraft in the wake of a crash of an Ethiopian airliner that killed 157 people, a reversal for the U.S. after federal aviation regulators had maintained it had no data to show the jets are unsafe. The decision came hours after Canada joined some 40 other countries in barring the Max 8 from its airspace.
MOSCOW/NEW YORK, Jan 30 (Reuters) - A law firm appointed to act as a buffer between Russian metals magnate Oleg Deripaska and one of his businesses, under a deal that allowed Washington to lift sanctions on the firm, has worked closely with Deripaska for years. Asked about the law firm, the U.S. Treasury Department said it would vigorously monitor arrangements to ensure Deripaska cannot influence board members of the businesses.
U.S. congressional Democrats said on Tuesday they are not satisfied with the Trump administration's decision to ease sanctions on companies linked to Russian oligarch Oleg Deripaska, demanding briefings and planning legislation. The leaders of four House of Representatives committees said they were considering legislation to ensure Russian aluminum giant Rusal (HKSE: 0486-OL.HK - news) and its parent En+ comply with the agreement that allowed them to be removed from a U.S. sanctions list. "We are considering additional legislative actions to ensure that (the U.S.) Treasury and these companies comply with the agreement in letter and in spirit," the four Democratic chairs of the House Ways and Means, Foreign Affairs, Intelligence and Financial Services committees said in a joint statement.
My view on the pullback after the Euphoria is that even thought he net sub add for 4q was impressive, it does represent a high bar for the company to jump over. And the stock is still trading at 85 times next’s years EPS for 57% growth. And cash flow per share is still negative all the way into 2020. I guess another question is do you want to put your eggs in the Netflix basket when DIS, TWX, T, and Hulu ramp up their own streaming services. Ultimately isn’t Netflix just a content studio competing with a lot of other streaming content services? Does it look like some weird version of CBS at some point. CBS trades at 1.3x revenues – Netflix is 8x revenues. That won’t happen for a while – but is that the mentality of some investors? This is rare for me, but I don’t have a real opinion on this one – feels like no man’s land for the stock as it waits for direction from the market. Guess while I wait, I will watch The Crown or Stranger Things.
The U.S. Chamber of Commerce and other powerful business groups asked an appeals court on Thursday to not undo AT&T Inc's (T.N) purchase of movie and TV show maker Time Warner, despite the protests of the Justice Department. The business groups argued that companies had long assumed that if they bought a supplier or distributor -- generally called a vertical merger -- that the deal would be considered good for the consumer and would be allowed. "The vague legal standard that the government ... advocate(s) would cloud the business community’s ability to ascertain whether vertical mergers are lawful, making it more difficult to invest in transactions with enormous potential to lower prices and enhance innovation—all of which benefit a diverse array of customers," the business groups said in a brief court filing.
NEW YORK (AP) — CBS says it has named media industry veteran Richard Parsons as interim chairman of the board as the company moves to reshape itself following the ouster of longtime chief Les Moonves.