John Malone’s Liberty Global Plc and Discovery Communications Inc. are working to bridge a $1 billion valuation gap with the owners of Formula One, as they seek to buy a 49 percent stake in the auto-racing series, people with knowledge of the matter said.
“Fast & Furious 6” was the top film at U.S. and Canadian theaters for a second weekend with $35.2 million in sales, topping “After Earth,” the new Will Smith- and-son movie from Sony Corp., which took in $27.5 million.
Six years ago, in an oft-told conversion tale, Scott Harrison stopped promoting hot New York nightclubs selling $350 bottles of vodka and soon found himself helping to fund water projects in the developing world.
Telephone a restaurant requesting a good table and you may be told that all are excellent, only to be seated in an undesirable location known to insiders as Siberia. Call a hot venue and you’ll be lucky even to get in.
Kinston, North Carolina, is near just about nothing. The textile jobs went overseas years ago. Tobacco fell victim to lawsuits and health concerns. The airport has a runway two miles long and no commercial flights.
Sony Corp. President Kazuo Hirai is paying the price for trying to revive ailing TV and smartphone sales, with more than $2 billion of market value lost today, as his counterpart at Panasonic Corp. benefits from paring those units as it struggles to compete.