Monday, December 15, 2014

Quiz: 2013 business news

Do you follow business news? Take this quiz:


1. In May 2013, shareholders at what Los Angeles company ousted chairman and former Chief Executive Ray Irani?
A.         Ingram Micro
B.         Walt Disney
C.         Occidental Petroleum
D.         DirecTV

2. A dispute over fees between Time Warner Cable and what TV network resulted in 32-day blackout of some stations in August and September?
A.         NBC
B.         ABC
C.         CBS
D.         Fox

3. In response to odor complaints from nearby residents, a judge ordered the maker of the popular Sriracha hot sauce to partially shut down a plant in what city?
A.         El Monte
B.         Irwindale
C.         Azusa
D.         Rosemead
 
4. Which bank agreed in November to a $13-billion settlement with the government – the largest by any single American company in history – over selling shoddy mortgage investments?
A.         Bank of America
B.         JPMorgan Chase
C.         Citigroup
D.         Wells Fargo

5. What airlines merged in December after making concessions to end an antitrust lawsuit filed by the U.S. Department of Justice?
A.         FedEx and DHL
B.         Delta and JetBlue
C.         United and Southwest
D.         US Airways and American

Answers: 1. C; 2. C; 3. B; 4. B; 5. D

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Thursday, December 11, 2014

Notable TV sports deals


Team
Los Angeles Lakers
Company
Time Warner
Total value
$3.6 billion
Years
2012-2031
Per year
$180 million average




Team
Los Angeles Angels of Anaheim
Company
Fox
Total value
$2 billion-$2.5 billion
Years
2016-2032
Per year
$117 million-$147 million average




Team
New York Yankees
Company
Yes Network
Total value
N.A.
Years
2012-2041
Per year
$85 million increasing to $350 million




Team
Houston Astros/Houston Rockets
Company
Comcast
Total value
$3.2 billion
Years
2012-2031
Per year
$160 million average




Team
Detroit Tigers/Pistons/Red Wings
Company
Fox
Total value
$1 billion
Years
2008-2017
Per year
$100 million average




Team
Texas Rangers
Company
Fox
Total value
$1.6 billion
Years
2015-2034
Per year
$80 million average







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