Mergers and acquisitions
Evine Live to sell its Boston TV station
Evine Live Inc., Eden Prairie, announced it has a deal to sell its Boston TV station for $13.5 million.
The sale of the nonstrategic asset involves two agreements with separate parties and is expected to close in the fourth quarter of 2017 or first quarter of 2018.
Evine will use $6.2 million to pay down high-interest debt and the remainder for general corporate purposes.
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Business
Rupert Murdoch, creator of Fox News, stepping down as head of News Corp. and Fox Corp.
Rupert Murdoch, the 92-year-old media magnate who created Fox News, is stepping down as leader of both Fox's parent company and his News Corp. media holdings.
Business
Bank of England joins US Fed in keeping interest rates unchanged after inflation declines
The Bank of England on Thursday joined the U.S. Federal Reserve in pausing interest rate increases after a surprising fall in U.K. inflation eased concerns about the pace of price rises.
Business
US applications for jobless benefits fall to lowest level in nearly 8 months
U.S. applications for unemployment benefits fell to their lowest level in eight months last week as the labor market continues to show strength in the face of elevated interest rates.
Nation
First private U.S. passenger rail line in 100 years is about to link Miami and Orlando at high speed
The first big test of whether privately owned high-speed passenger train service can prosper in the United States will launch Friday when Florida's Brightline begins running trains between Miami and Orlando, reaching speeds of 125 mph (200 kph).
Business
Turkey's central bank hikes interest rates again in further shift in economic policies
Turkey's central bank raised its key interest rate by 5 percentage points Thursday, another large but expected hike that signals a continued push toward more traditional economic policies under President Recep Tayyip Erdogan.
