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U.S. markets news

UPDATE 1-New York Times aims to double digital revenue by 2020
(Adds details). Oct 7 (Reuters) - The New York Times Co said it aimed to double its annual digital revenue to $800 million by 2020 with a concentrated effort to win over more readers on smartphones.
New York Times Aims to Double Digital Revenue by 2020  Wall Street Journal
New York Times aims for $800 mn annual digital revenue by 2020  Economic Times
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.
Online retailer drops $50 membership fee  Reuters
Jet is dropping its membership fee — and thus upending its business model  Washington Post
Monsanto posts 4Q loss, to eliminate 2600 jobs to cut costs
Monsanto says it will eliminate 2,600 employees as part of a cost-saving plan as it reported a loss for the fourth quarter amid falling sales of its biotech seeds and herbicides.
Monsanto slashing 2600 jobs, buying back shares as sales fall | Reuters  Firstpost
Monsanto Says Agriculture Industry Consolidation Is `Inevitable'  Bloomberg
FAA to test drone tracking near airports
The Federal Aviation Administration announced testing technology Wednesday to identify drones flying within 5 miles of an airport and tracking them back to their operators.
UPDATE 1-US FAA says it will test ways to track rogue drone flights  Reuters
FAA slaps drone video firm with record $1.9-million fine  Engadget
Blackstone to Pay $39 Million Over Fee Disclosures
The Securities and Exchange Commission said on Wednesday that three funds managed by the Blackstone Group, the private equity giant, would pay about $39 million to settle a case over how the firm imposes its fees.
Blackstone: $39M settlement for fee practices  USA TODAY
UPDATE 2-Blackstone to pay about $39 mln to settle SEC charges over fees  Reuters
UPDATE 2-Canadian Oil Sands adopts poison pill to fend off Suncor
(Updates with Suncor comment). By Nia Williams. CALGARY Oct 7 (Reuters) - Canadian Oil Sands Ltd on Wednesday announced a new poison pill to try to thwart Suncor Energy Inc's hostile takeover bid, setting the stage for a drawn-out battle that could ...
Canadian Oil Sands Adopts Poison Pill in Wake of Hostile Suncor Bid  Wall Street Journal
Canadian Oil Sands rejects Suncor bid, adopts poison pill  The Globe and Mail
SABMiller calls in Takeover Panel amid battle with AB InBev
The gulf between SABMiller and Anheuser-Busch InBev has widened after the FTSE 100 brewing giant called on the takeover regulator to intervene when its suitor incorrectly suggested that a key shareholder was likely to back its �65bn bid.
SABMiller-AB InBev Deal: This Glass Is Almost Full  Wall Street Journal
Nudging a Huge Beer Deal Down a Long Road  New York Times
Are Airline Passengers Ready to Climb Into Flying Bunk Beds?
Airlines and aircraft manufacturers keep coming up with wackier ideas for squeezing more people into airplanes. Remember the saddle-seat?
Airbus proposes stacking seats to fit in more passengers on airplanes  Dallas Morning News (blog)
We Cannot Allow This Design for Acrobatic Airplane Seating to Become Real  Gizmodo
Icahn Gets His Way as Freeport Adds His Allies to Board
Billionaire activist investor Carl Icahn got his way at the world's biggest publicly traded copper producer. Freeport-McMoRan Inc. agreed with Icahn to appoint Andrew Langham and Courtney Mather to its board, the Phoenix-based said in a statement ...
Freeport-McMoRan Adds 2 Board Members From Carl Icahn's Firm  ABC News
Freeport shares soar as Icahn executives added to board  Reuters
China could become a big problem for US stocks, again
China has reappeared as a massive dark cloud on the horizon for the U.S. stock market, just before what is already expected to be the worst earnings-reporting season in six years kicks off this week.
Wall St. Recovers After a Dip  New York Times
A rally in US stocks loses steam as oil prices retreat  Washington Post