The Traderszone Network

Rupert Murdoch’s plan to buy Time Warner would help the Twenty-First Century Fox chairman make larger inroads in China, a fast-growing market that media moguls are finding hard to crack. Time Warner’s board rejected Murdoch’s $80 billion offer, but the Fox chairman is expected to continue the chase. It would also nearly double the revenues Fox generates from the emerging media markets in Latin America and Asia/Pacific.

read more

Google Inc. (GOOG) is among several technology companies considering a plan that uses pay-phone locations to give New Yorkers free wireless Internet access. The Mountain View, California-based company was among more than 50 attendees at an informational meeting in May for the project, according to a request for proposals from the city’s Department of Information Technology and Telecommunications. Cisco Systems Inc., International Business Machines Corp. and Samsung Electronics Co. also attended. The company, which is working toward rolling out broadband services in several U.S.

read more

Russia’s richest businessmen are increasingly frantic that President Vladimir Putin’s policies in Ukraine will lead to crippling sanctions and are too scared of reprisal to say so publicly, billionaires and analysts said. If Putin doesn’t move to end the war in Ukraine in the wake of last week’s downing of a Malaysia Air jet in rebel-held territory, he risks becoming an international outcast like Belarus’s Aleksandr Lukashenko, whom the U.S. famously labeled Europe’s last dictator, one Russian billionaire said on condition of anonymity.

read more

Detroit neighborhoods are being relit, its vacant homes are being sold off or torn down, its public transportation is cleaner and more often on schedule and the city has renegotiated some burdensome union …

One measure of consumer confidence in Britain fell for the first time this year in June, the latest sign of a cooling in sentiment about the country’s economic recovery. The overall index of consumer confidence compiled by Lloyds Bank eased one percentage point to 145, data showed on Monday, with spending on gas and electricity around 2.5 percent lower than a year ago. The easing of the Lloyds index follows a slip in June of the monthly Household Finance Index compiled by data firm Markit. Labour market data last week suggested the economic recovery remains robust.

Elliott Management Corp. has taken a stake of more than $1 billion in EMC Corp.

read more

The share of U.S. companies raising wages more than doubled in the three months to July, a survey showed, suggesting a faster pace of wage growth.