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(MENAFN - AFP) Megamerger buzz returned to Wall Street Friday on a mixed day for US stocks, with shares of Time Warner and Reynolds American both surging on news of possible takeover deals.

Tobacco giant Reynolds American shot up 13.8 percent after British American Tobacco launched a $47 billion bid to buy the 58 percent of the company it does not yet own.

Time Warner ...

(MENAFN - AFP) Canada's plane and train maker Bombardier said Friday it was cutting 7,500 jobs, its second major layoff announcement this year following delays in deliveries of its C-series airplanes.

The job cuts, to be completed by the end of 2018, are expected to mostly hit administrative posts, with two-thirds from the transport division, a Bombardier spokesman said.

These ...

(MENAFN - AFP) Portugal kept its much-needed access to EU financial help Friday after a European Central Bank-approved credit agency maintained its rating of Portuguese debt at investment grade level.

Toronto-based DBRS announced it had kept Portugal's rating at "BBB" level, with a "stable" perspective.

"The rating reflects Portugal's eurozone membership and its adherence ...

(MENAFN - AFP) US telecom giant AT&T is in "advanced talks" to acquire entertainment group Time Warner in a move to add in-house content to distribution services, The Wall Street Journal reported Friday.

AT&T, the second-largest US wireless carrier and third-largest cable TV provider, could seal the deal "as early as this weekend," the Journal said, citing people ...

(MENAFN - AFP) Major internet services including Twitter, Spotify and Amazon suffered service interruptions and outages on Friday as a US internet provider came under sustained cyber attack.

The internet service company Dyn, which routes and manages internet traffic, said that it had suffered a distributed denial of service (DDoS) attack on its domain name service shortly ...

(MENAFN - AFP) Canada blasted the European Union as incapable of signing international agreements, as talks to persuade the Belgian region of Wallonia to sign up to a huge trade deal broke down Friday.

Chrystia Freeland, the Canadian trade minister, appeared on the verge of tears after walking out of negotiations with the head of the French-speaking Belgian region on a deal ...

(MENAFN - AFP) Okinawa, the Japanese archipelago home to thousands of US troops and popular with scuba divers, is looking beyond its beach resorts and World War II battle sites to bag a spot in high fashion.

A two and a half hour flight from Tokyo and closer to Taiwan, Okinawa couldn't be more different from the Japanese capital, where the fashion set reach for tights and ...

(MENAFN - AFP) Canadian trade minister Chrystia Freeland blasted the European Union as "incapable" of striking an international agreement after talks for an EU-Canada trade deal collapsed Friday over the refusal of a Belgian region to sign on.

"It seems obvious to me, to Canada, that the European Union is incapable now of having an international agreement, even with a country ...

(MENAFN - AFP) McDonald's reported unexpectedly strong third-quarter results Friday, fueled by gains in overseas markets that offset sluggish growth in the US.

The fast-food giant pointed to especially strong sales in Britain and Japan, as well as positive results in Australia, Canada and Germany.

That translated into a 3.5 percent gain in comparable global sales in ...

(MENAFN - AFP) Major internet services including Twitter and Spotify suffered outages on Friday as a US internet provider came under cyber attack.

The internet service company Dyn said that it had suffered a denial of service (DDoS) attack on its domain name service shortly after 1100 GMT, but that services had been restored in about two hours.

Other affected sites, ...

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