The Traderszone Network

Wheeler told the CEOs that any deal would be assessed on its own merits, the newspaper cited people familiar with the matter. Wheeler saw some of the statements as a “significant over-reading” of the FCC staff’s stance on the Comcast-Time Warner Cable deal, the newspaper said. Comcast Corp abandoned its $45 billion offer for Time Warner Cable last month after U.S. regulators raised concerns that the deal would give Comcast an unfair advantage in the cable TV and Internet-based services market.

The move to buy more goods directly from factories comes as Wal-Mart, hampered by sluggish sales and profits, looks to squeeze costs out of its supply chain. “We have made a business decision to transfer certain sourcing functions for Wal-Mart in-house, and as such will work collaboratively with DSG to ensure a smooth transition over the next several months,” Wal-Mart said in a statement. Wal-Mart said it would continue to use DSG for sourcing products for Sam’s Club, a unit that sells products in bulk and competes with Costco Wholesale Corp (COST.O).

Uber Technologies Inc.

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China’s Hanergy Holding denies that it was behind Wednesday’s sharp selloff of shares of its Hong Kong-listed subsidiary and says it is operating normally.
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A South Korean appeals court overturns a lower court’s decision to imprison the daughter of the chairman of Korean Air Lines Co.

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The solar-panel manufacturer whose listed subsidiary suffered a sell-off of shares in Hong Kong failed to repay bank loans, reports Caixin Online, citing sources close to the parent company.
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China’s stocks rally for a fourth day to their strongest level in seven years, while Japan’s red-hot market cools as investors await the central bank’s take on the state of the economy.
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