Fox Raises Its Bid in Sky Takeover Effort

LONDON — Comcast’s bid to acquire the bulk of 21st Century Fox’s entertainment assets appears to be over. Instead, the cable giant will focus on fighting Fox for control of Sky, one of Europe’s most prized media companies. The Philadelphia-based Comcast increased its offer for Sky on Wednesday, valuing the satellite broadcaster at $34 billion,…

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Fed raises interest rates and signals faster hikes on the way

Interest rates are going up again as the economy gets hotter. The Federal Reserve on Wednesday lifted its benchmark rate by a quarter of a percentage point, the second hike this year. ‘; var storytext = document.getElementById(‘storytext’); var heightToSkip = 0; function resetValues() { totalHeight = 0; targetChildElement = null; } // Check if story…

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