Australia clears AB Inbev's $100 billion SABMiller buyout plan Featured

"The ACCC considers that the proposed acquisition is unlikely to result in higher beer prices for consumers," Australian Competition and Consumer Commission (ACCC) Chairman Rod Sims said.

The green light from Australia removes another potential antitrust obstacle to the world's No. 1 beer company's deal to buy its nearest rival, one of the biggest corporate takeovers on record.

Fox and Disney want to sell their own web TV bundle, via Hulu, for $40 a month Featured

Disney and 21st Century Fox — which own two-thirds of Hulu and control its management* — want to sell a service that competes directly with the pay TV distributors who are their most important customers.

The TV industry has been waiting — and waiting — for big, deep-pocketed tech giants like Apple and Amazon to start competing with the likes of Comcast and Time Warner Cable by selling their own “over the top” bundles of TV channels.

Turns out the TV networks — the ones who sell their programming to Comcast and Time Warner Cable — think that’s a good idea, too.

Uber Expands a Big Partnership To Lure Chinese Customers Featured

In a chase for Chinese customers, Uber is now going after their wallets—their digital wallets, that is. Uber is expanding its two-year-old partnership with a popular payments service.

As part of the partnership, Uber’s service will now also be available through Alipay’s mobile app, helping Uber skip the line and land right into the palm of Alipay’s 450 million Chinese users. Alipay’s users will be able to hail an Uber ride through the app outside of China as well.

Aéropostale Set to Close 100 Stores, File for Bankruptcy Protection Featured

Unable to shake off a long slide in sales, teen retailer Aéropostale is set to file for bankruptcy protection this week and close more than 100 of its stores, the Wall Street Journal reported on Monday evening. Adding pressure to the retailer, a major supplier, MGF Sourcing, has tightened the retailer’s payment terms, demanding upfront payment.

Microsoft stops Google being used for Cortana searches Featured

Microsoft is forcing people to use its Bing search engine with the Cortana digital assistant in Windows 10.

Although Microsoft has had some success getting people to use the Bing search engine, Google still dominates in this market. Statistics gathered ... suggest that globally more than 90% of searches are carried out via Google. By contrast, Bing accounts for about 3% of searches.

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