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Samsung shares slump on binning Galaxy Note 7 as London hits highs

Samsung shares slump on binning Galaxy Note 7 as London hits highs Samsung Electronics scrapped production of its doomed Note 7 smartphone today, sparking a fresh collapse in its share price, while Britain's stock market hit a record high even as global markets struggled to maintain an oil-fuelled rally. The weak pound, flailing in the wake of Britain’s June vote to quit the European Union, helped push London’s FTSE 100 index of top blue-chip companies to 7,129.83 points, beating the previous record high set on April 27, 2015. (Reuters) Samsung Electronics scrapped production of its doomed Note 7 smartphone today, sparking a fresh collapse in its share price, while Britain’s stock market hit a record high even as global markets struggled to maintain an oil-fuelled rally. The weak pound, flailing in the wake of Britain’s June vote to quit the European Union, helped push London’s FTSE 100 index of top blue-chip companies to 7,129.83 points, beating the previous record high set on A..

Samsung Electronics opens lower after scrapping Galaxy Note 7

Samsung Electronics opens lower after scrapping Galaxy Note 7 Shares of Samsung Electronics Co Ltd opened weaker on Wednesday, touching a one-month low due to concerns about the firm's prospects after it decided to permanently end sales of its Galaxy Note 7 smartphones. Samsung has officially scrapped the Note 7. (AP) Shares of Samsung Electronics Co Ltd opened weaker on Wednesday, touching a one-month low due to concerns about the firm’s prospects after it decided to permanently end sales of its Galaxy Note 7 smartphones. Samsung shares were trading down 3.1 percent as of 0004 GMT, compared with a 0.3 percent fall for the broader market, after touching their lowest level since Sept. 12.

Coca-Cola to buy Anheuser-Busch InBev’s stake in African bottler

Coca-Cola to buy Anheuser-Busch InBev’s stake in African bottler Coca-Cola Co said it would exercise its right to buy Anheuser-Busch InBev's stake in bottler Coca-Cola Beverages Africa (CCBA), following the brewer's merger with SABMiller. Coke will negotiate terms of the deal with AB InBev in the coming months and continue talks with potential partners to refranchise CCBA, the company said on Monday. (Reuters) Coca-Cola Co said it would exercise its right to buy Anheuser-Busch InBev’s stake in Africa’s biggest Coke drinks bottler, after the brewer’s takeover of SABMiller. Coke, which formed Coca-Cola Beverages Africa (CCBA) along with SABMiller and the South African owners of bottler Coca-Cola Sabco in 2014, had retained the right to buy SABMiller’s stake in the event of a change of control at the brewer. Coke will negotiate terms of the deal with AB InBev in the coming months and continue talks with potential partners to refranchize CCBA, the company said on Monday. Coke ..

Coca-Cola to buy Anheuser-Busch InBev’s stake in African bottler

Coca-Cola to buy Anheuser-Busch InBev’s stake in African bottler Coca-Cola Co said it would exercise its right to buy Anheuser-Busch InBev's stake in bottler Coca-Cola Beverages Africa (CCBA), following the brewer's merger with SABMiller. Coke will negotiate terms of the deal with AB InBev in the coming months and continue talks with potential partners to refranchise CCBA, the company said on Monday. (Reuters) Coca-Cola Co said it would exercise its right to buy Anheuser-Busch InBev’s stake in Africa’s biggest Coke drinks bottler, after the brewer’s takeover of SABMiller. Coke, which formed Coca-Cola Beverages Africa (CCBA) along with SABMiller and the South African owners of bottler Coca-Cola Sabco in 2014, had retained the right to buy SABMiller’s stake in the event of a change of control at the brewer. Coke will negotiate terms of the deal with AB InBev in the coming months and continue talks with potential partners to refranchize CCBA, the company said on Monday. Coke ..

Moonves to seek autonomy following any deal with Viacom: Sources

Moonves to seek autonomy following any deal with Viacom: Sources CBS Corp Chief Executive Leslie Moonves is planning to seek autonomy from the Redstone family, the broadcaster's controlling shareholder, in leading the company if it merges with Viacom Inc, two people familiar with the matter said. CBS Corp Chief Executive Leslie Moonves is planning to seek autonomy from the Redstone family. (Reuters) CBS Corp Chief Executive Leslie Moonves is planning to seek autonomy from the Redstone family, the broadcaster’s controlling shareholder, in leading the company if it merges with Viacom Inc, two people familiar with the matter said. While there is no certainty that CBS and Viacom will agree to a merger, Moonves is seeking to capitalize on his 10-year track record at the helm of CBS to gain as much influence as possible over the combined company, the people said on Monday. The 67-year-old media executive is deliberating his options with advice from famed Wall Street lawyer Martin Lipt..