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Tribune stock tumbles after McClatchy bid dies

“Bloomberg reported that the McClatchy bid that was rejected was to include mostly cash and some stock, valuing Tribune at $16.50 a share” writes Keith J for nypost.com. News that the McClatchy bid for Tribune Publishing is dead as a doornail sent the stock spiraling to another new 52-week low on Tuesday — slumping to $12.40 a share before closing at $12.45, down 4.1 percent.But another line in the fast-flying rumor mill around the collapsed deal says that LA Times owner Patrick Soon-Shiong, who still owns 25 percent of Tribune…

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GBP News 

Theresa May to allow Brexit alternative votes for MP’s

“That is just what some hard brexiteers want, so a passive hard Brexit by default will suit them just nicely” reports forexlive.com. There is not enough MP’s willing to support May’s deal, so Britain is heading towards a no-deal Brexit.The thinking behind it is that MP’s will see that her plan is the only really viable alternative to avoiding a ‘no-deal’ Brexit.The latest from Theresa May is that she is reported to be in favour of giving MP’s a vote on a range of alternatives to her plans when the…

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MLB hot stove: Nationals interested in bringing in All-Star Josh…

“The Nationals and Josh Harrison have “mutual interest” on getting a deal done” reports sportingnews.com. Washington also has interest in free-agent utilityman Marwin Gonzalez, who played every infield spot for the Astros last season.He has played all eight seasons of his career with the Pirates.According to the Washington Post, the Nationals are looking to sign an infielder to a shorter-term deal while they wait for the arrival of younger players like Carter Kieboom, 21, or Luis Garcia, 18. Source: sportingnews.com Share This:

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Brexit deal hinges on final bid to win over DUP, say senior Tories

“Although one said they doubted MPs would fold on their decision to vote down the deal until they had defeated it at least once” writes Jessica Elgot for theguardian.com. Senior Eurosceptic Tories, including Jacob Rees-Mogg, have since said they intend to accept May’s victory and support the government in any no-confidence vote, though they maintain opposition to the withdrawal deal.Theresa May will be within 20 votes of winning a parliamentary majority for her Brexit deal if she can gain assurances from the EU that will persuade the Democratic Unionist party…

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Italy strikes deal with EU commission over budget, says ministry spokeswoman

“Italy has reached a deal with the European Commission over its contested 2019 budget, a spokeswoman at the economy ministry said on Tuesday, adding that the accord would be formalized on Wednesday in Brussels” writes Francois Lenoir for cnbc.com. The Commission rejected Italy’s expansionary draft budget in October, saying it was in clear breach of EU fiscal rules. Source: cnbc.com Share This:

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The UE Boom 2 is an excellent portable speaker that you can still get in time for Christmas

“If you already own a UE Boom 2, these also make excellent gifts for those who want to liven up a party with great sound” writes Dec Est for theverge.com. We’ve seen it go as low as $59.99, though today’s deal at Amazon is nearly as good for a Bluetooth speaker that’s still easy to recommend, despite that it’s an older model. Source: theverge.com Share This:

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An investment banker’s husband was charged with insider trading after he allegedly eavesdropped on her discussing a $2.6 billion M&A deal

“As the deal progressed, Cho allegedly used what he heard from her work to buy various call options for $4,124.49, eventually making $251,386.19 in profit” writes Meghan Morris for businessinsider.com. On multiple days, Cho’s trading made up 100% of the daily trading volume in Virgin stock, the SEC said.Bank of America and UBS led the deal for Alaska, but the SEC’s charge did not name either the investment banker’s employer or Cho’s accounting firm. Source: businessinsider.com Share This:

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Markets News 

Cisco to buy semiconductor company Luxtera, which develops silicon photonics technology that speeds up data transfer, for $660M

“Cisco said Tuesday it plans to buy semiconductor company Luxtera for $660 million in cash and assumed equity” writes Ashlee Espinal for cnbc.com. Luxtera’s advanced chips will help Cisco meet business client demand for faster and high-performing network service, the company said. Shares of Cisco were trading roughly 1 percent higher ahead of the market open.”That’s why today we announced our intent to acquire Luxtera, Inc., a privately-held semiconductor company that uses silicon photonics technology to build integrated optics capabilities for webscale and enterprise data centers, service provider market segments,…

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GBP News 

British government steps up ‘no-deal’ Brexit preparations

“We’re going to be discussing ‘no deal’ planning today,” International Development Secretary Penny Mordaunt told reporters” writes Midwest Communications Inc for 95kqds.com. “It’s absolutely right that we step up ‘no deal’ planning now.LONDON (Reuters) – Prime Minister Theresa May and her ministers will on Tuesday step up preparations for a “no deal” Brexit, an outcome made more likely by a deadlock in parliament over the British leader’s divorce deal with the European Union.”I’m not going to try and pretend otherwise that we’re not stepping up our preparations for no-deal … Source:…

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