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U.S. markets news

The New York Times wants to double digital revenue by 2020
The Gray Lady has ambitious goals. Just days after announcing it had reached its one-millionth digital subscriber, the New York Times NYT 1.70% said Wednesday that it has plans to double digital-only revenue to $800 million in five years.
Public Editor's Journal Readers Will Rule, Says The Times, So Don't ...  New York Times (blog)
New York Times outlines plan to double digital revenue by 2020  Chicago Tribune
Hedge Fund Billionaire Ken Griffin Settles Contentious Divorce
Billionaire hedge fund manager Ken Griffin's high-profile divorce case has come to an end. According to multiple reports Griffin and wife Anne Dias Griffin reached a settlement Tuesday, just two days after the dispute was set to go to trial but was ...
Ken Griffin, Illinois' richest man, and wife settle contentious divorce case  Chicago Tribune
Citadel's Kenneth Griffin settles divorce case  Reuters
SABMiller rejects sweetened offer
SABMiller has rejected a sweetened takeover proposal valued as high as �68.24 billion ($A144bn) from Anheuser-Busch InBev, saying the proposal “still very substantially undervalues” the world's second-largest brewer.
5 Five Things to Read Today: SABMiller Rejects Takeover Bid, VW Sets Recall ...  Wall Street Journal (blog)
SAB Miller Rebuffs AB InBev, But a Coupling Could Still Be In The Offing  Forbes
Deutsche Bank sees third-quarter pretax loss of $6.7 billion
FRANKFURT Deutsche Bank (DBKGn.DE) is bracing for a loss before taxes of 6 billion euros ($6.7 billion) in the third quarter due to massive writedowns at its investment banking unit and on the value it expects to extract from the divestment of its ...
Deutsche Bank Sees Big Loss on Write-Down in Corporate Banking  Wall Street Journal
Deutsche Bank Sees $7 Billion Quarterly Loss on Writedowns  Bloomberg
Shopping site abandons $50 membership fee Inc. is already abandoning the main business model behind its new discount-shopping site, a surprising turnabout for what many viewed as the most promising challenge to Amazon.
Bits | An Amazon Rival,, Eliminates Its Membership Fee  New York Times (blog)
UPDATE 2-In abrupt shift, online retailer drops membership fee  Reuters
Agreement on Capitol Hill: Drones are on collision path with airliners
With airline pilots reporting close encounters with unmanned drones more than three times a day, it's just a matter of time before there is a mid-air collision that could carry deadly consequences.
UPDATE 1-US FAA says it will test ways to track rogue drone flights  Reuters
Government tests technology to locate operators of small drones flying ...  Montreal Gazette
Suncor Criticizes Canadian Oil Sands' Move to Adopt Poison Pill
CALGARY, Alberta— Suncor Energy Inc. SU 1.34 % on Wednesday criticized a move by Canadian Oil Sands Ltd. COSWF 2.31 % 's board to adopt a so-called poison pill defense two days after receiving Suncor's unsolicited $3.3 billion buyout offer.
UPDATE 2-Canadian Oil Sands adopts poison pill to fend off Suncor  Reuters
TSX Defers Consideration of Canadian Oil Sands New Shareholder Rights Plan  MarketWatch
Yum! Brands Inc. Q3 Earnings: China Food Scandals Still Dragging on Sales
A second food scandal in as many years has made it difficult for Yum! Brands toregain its footing in China. Investors finally lost patience with Yum!
Yum Brands' Miss Bites These Activist-Tracking ETFs  Barron's (blog)
An early rally in US stocks fades as oil prices retreat  Pittsburgh Post-Gazette
Why airplane makers keep trying to patent horrifying seating arrangements
European plane maker Airbus filed a patent for a seating design that would literally stack passengers on top of each other. If it ever makes it to market, the layout could turn planes into a complex game of human Tetris.
Airbus proposes stacking seats to fit more passengers on airplanes  Dallas Morning News (blog)
Airbus Files Patent to Seat People on Top of Each Other  TIME
Norwegian Air plans to offer $69 flights between US, Europe by 2017
CEO Bj�rn Kjos said the company hopes to keep costs low by flying out of U.S. airports with low fees. (Thinkstock). Print Email · Allie Healy | ahealy@syracuse.
Are $69 flights to Europe on the horizon for NY area?
A $69 flight to Europe may be in your future  MarketWatch