BREAKING NEWS Police respond to possible shooting in Lafayette Full Story

Sky shareholders cheer; Trade war escalates; Huge gold deal

1. Sky shareholders cheer: A great day for Comcast is turning into an even better one for S...

Posted: Sep 24, 2018 12:24 PM
Updated: Sep 24, 2018 12:24 PM

1. Sky shareholders cheer: A great day for Comcast is turning into an even better one for Sky shareholders.

The American cable giant outbid 21st Century Fox and its powerful backer, Disney, on Saturday in an auction for control of the European pay-TV broadcaster.

Comcast's final bid was £17.28 ($22.65), valuing Sky at £30.6 billion ($40.1 billion). That was way up on its previous offer of £14.75, and Sky's closing share price on Friday.

The stock moved fast Monday to catch up, gaining over 8.5% to £17.22 ($22.58) in early London trading.

Two big unanswered questions: What will Fox to do with the 39% of Sky it owns? And what will Comcast shareholders think of the price CEO Brian Roberts paid for Sky?

2. A bigger conflict: The trade fight between the United States and China intensified Monday as the two economic superpowers hit each other with their biggest round of tariffs yet.

The Trump administration imposed new 10% tariffs on $200 billion of Chinese goods just after midnight ET, spanning thousands of products, including food seasonings, baseball gloves, network routers and industrial machinery parts.

China retaliated immediately with new taxes of 5% to 10% on $60 billion of US goods such as meat, chemicals, clothes and auto parts.

3. Huge gold deal: Barrick Gold has acquired Randgold Resources in an all-share deal that creates a mining giant with a major presence in the United States and Africa.

Barrick shareholders will own 67% of the new company, while Randgold shareholders will own 33%. The market value of the combined firm is $18.3 billion.

Randgold CEO Mark Bristow will become president and chief executive of the merged company. John Thornton of Barrick will be executive chairman.

3. Global market overview: US stock futures were lower.

European markets were down in early trading. Hong Kong's Hang Seng dropped 1.5%, while benchmark indexes in Shanghai and Tokyo were closed for holidays.

The Dow gained 0.3% on Friday, while the S&P 500 inched lower and the Nasdaq declined 0.5%.

Before the Bell newsletter: Key market news. In your inbox. Subscribe now!

4. Companies and economics: Shares in Thomas Cook plummeted nearly 25% after the UK tour operator warned that unusually hot weather would dent its earnings.

Ascena Retail Group will release earnings after the US close.

Markets Now newsletter: Get a global markets snapshot in your inbox every afternoon. Sign up now!

5. Coming this week:
Monday — US imposes tariffs on $200 billion worth of Chinese goods; MacOS Mojave launches
Tuesday — KB Home and Nike earnings; US consumer confidence
Wednesday — Bed Bath & Beyond and Carmax earnings; Federal Reserve interest rate decision; US new home sales for August
Thursday — Rite Aid, Carnival and Accenture earnings; final revision of US second-quarter GDP
Friday — End of Q3

Lafayette
Partly Cloudy
57° wxIcon
Hi: 62° Lo: 37°
Feels Like: 57°
Kokomo
Partly Cloudy
52° wxIcon
Hi: 60° Lo: 35°
Feels Like: 52°
Rensselaer
Clear
54° wxIcon
Hi: 60° Lo: 35°
Feels Like: 54°
Lafayette
Clear
57° wxIcon
Hi: 60° Lo: 35°
Feels Like: 57°
Danville
Partly Cloudy
54° wxIcon
Hi: 61° Lo: 36°
Feels Like: 54°
Frankfort
Partly Cloudy
52° wxIcon
Hi: 61° Lo: 35°
Feels Like: 52°
Frankfort
Partly Cloudy
52° wxIcon
Hi: 59° Lo: 35°
Feels Like: 52°
Monticello
Partly Cloudy
54° wxIcon
Hi: 60° Lo: 35°
Feels Like: 54°
Monticello
Clear
54° wxIcon
Hi: 60° Lo: 37°
Feels Like: 54°
Logansport
Clear
52° wxIcon
Hi: 60° Lo: 35°
Feels Like: 52°
Freezing to 80s & Storms...
WLFI Radar
WLFI Temps
WLFI Planner

Indiana Coronavirus Cases

Data is updated nightly.

Cases: 711787

Reported Deaths: 13252
CountyCasesDeaths
Marion970181723
Lake52028950
Allen39414672
Hamilton34709406
St. Joseph34386543
Elkhart27543433
Vanderburgh22109394
Tippecanoe21967213
Porter18043301
Johnson17600374
Hendricks16873310
Clark12728190
Madison12379337
Vigo12248244
Monroe11535166
LaPorte11258204
Delaware10390184
Howard9712211
Kosciusko9184114
Hancock8031139
Bartholomew7925155
Warrick7709155
Floyd7574176
Wayne6921198
Grant6862171
Boone6584100
Morgan6425138
Dubois6101117
Marshall5819109
Dearborn572076
Cass5706104
Henry5591101
Noble544583
Jackson494672
Shelby481995
Lawrence4351118
Gibson429789
Harrison429371
Clinton421853
Montgomery419387
DeKalb414484
Whitley383239
Huntington380480
Miami374165
Steuben368757
Knox367589
Putnam353660
Jasper352946
Wabash348578
Adams338453
Ripley335769
Jefferson318180
White309254
Daviess290199
Wells286981
Decatur279792
Fayette277362
Greene270685
Posey269533
Scott262053
LaGrange256170
Clay255245
Randolph236780
Washington231931
Spencer228231
Jennings225548
Fountain209845
Sullivan208342
Starke206452
Owen192956
Fulton192440
Jay186629
Carroll186120
Perry181436
Orange178553
Rush170824
Vermillion166543
Franklin166035
Tipton161543
Parke144616
Blackford134131
Pike130934
Pulaski114445
Newton104434
Brown100740
Crawford98114
Benton97613
Martin83315
Warren80215
Switzerland7728
Union70210
Ohio56011
Unassigned0408

COVID-19 Important links and resources

As the spread of COVID-19, or as it's more commonly known as the coronavirus continues, this page will serve as your one-stop for the resources you need to stay informed and to keep you and your family safe. CLICK HERE

Closings related to the prevention of the COVID-19 can be found on our Closings page.

Community Events