Rupert Stadler, CEO of Audi somehow managed to keep his job after it emerged that Audi was involved in the development of illegal emissions software. However, a couple of weeks ago, Stadler’s home was raided by prosecutors in Munich who are investigating the scandal.
The cable juggernaut Comcast is now actively trying to outbid Disney to acquire Fox network’s productions and assets.
Recently the company AT&T has merged with Time Warner, creating a media monopoly that could harm consumers.
Netflix has surpassed Disney as the most valuable media company in the US. The online streaming service has experienced outstanding success in the recent months including commendable subscriber growth around the world. Disney, on the other hand, has been entangled in its own battles.
The United States and China have reached a deal on measures to reduce the trade deficit between the two countries. The two largest economies in the world said that they had arrived at a consensus on how to “substantially” reduce the deficit.
On Wednesday, the US Senate voted to keep open-internet rules. The vote could overturn the new regulations by the Federal Communications Commission to repeal net neutrality.
