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Media Digest

Today is News:


– Pfizer Inc and Allergan Plc agreed on a historic merger deal worth more than $150 billion that would create the world’s biggest drug maker and move one of the top names in corporate America to a foreign country. The deal could be announced Monday, according to people familiar with the matter. (

– The conservative mayor of Buenos Aires, Mauricio Macri, was elected president of Argentina on Sunday, in a win seen as a rejection of departing leader Cristina Kirchner’s interventionist economic policies and a turn to the right after 12 years of leftist rule. (

– Private-equity firm CVC Capital Partners Ltd and a Canadian pension fund are nearing a deal to buy Petco Holdings Inc, according to people familiar with the matter. This would be one of the biggest leveraged buyouts in a slow year for such deals. (


Deutsche Bank AG is working, with a company called Callsign, on a new antifraud technology, that uses the way one holds the phone and handles it to check one’s identity.

UK shoppers are all set for, Black Friday, the biggest spending day of the British calendar. It is estimated that the Black Friday sales this year could be about 1.9 billion stg.

The chief executive of Rolls-Royce Holdings Plc is trying to restore investors’ faith after five profit warnings. In a presentation, expected on Tuesday, he is set to update investors on


– Some of Puerto Rico’s most influential creditors are for the first time signaling support for the broad outline of a government proposal to overhaul the island’s crushing debts.(

– Pfizer Inc has clinched a blockbuster merger with a fellow drug maker, one worth more than $150 billion, that can best be described in superlatives. When it is announced – most likely on Monday, people briefed on the matter said – the deal to buy Allergan Plc, the maker of Botox, would be one of the biggest ever takeovers in the health care industry. (

– Petco is near an agreement to be acquired by CVC Capital Partners and the Canadian Pension Plan Investment Board for $4.7 billion, a person briefed on the matter said on Sunday. (

– Frustrated by the pending shutdown of two nuclear power plants on Lake Ontario, Governor Andrew Cuomo plans to order state regulators to mandate that, by 2030, half of all power consumed by New Yorkers be generated from renewable sources that emit much less carbon dioxide, people briefed on the matter said. (



** The oil slump in Alberta and Saskatchewan is threatening to slice national retail sales growth this year by more than half from 2014. Overall retail sales are expected to rise just 2 percent to C$515.32 billion ($384.17 billion) in 2015 from the previous year, compared with a 4.6 percent increase in 2014, pinched by oil troubles in Alberta and Saskatchewan, says a Colliers International forecast for Canada, to be released on Monday. (

** Myron Gottlieb, the 72-year-old former theatre mogul, who was sentenced to four years in prison after being convicted of fraud while president of Livent Inc, says he is now battling a form of non-Hodgkin’s lymphoma called follicular lymphoma. He has been told his cancer has reached Stage 4, the most advanced level, and he is undergoing chemotherapy treatments. (

** Vancouver Mayor Gregor Robertson is hopeful the new federal government will produce information soon on the level of foreign investment in residential real estate. (


** The federal government has rebuffed Air Canada’s plea to be compensated for a portion of the more than C$100 million the airline says it has spent over the last five years to accommodate gun-toting sky marshals on its flights. (

** Anyone with a carbon footprint in Alberta – whether it’s consumers or businesses – will soon have to pay greenhouse gas taxes, under a sweeping new climate change policy Premier Rachel Notley announced Sunday. (

** A mind-bending act of political correctness by student leaders at the University of Ottawa has sparked an international backlash on social media. Student leaders at the university have halted free yoga classes over concerns that its practice was not sufficiently sensitive to yoga’s cultural roots. (

Hong Kong


– Hearings begin on Monday in the keenly anticipated tribunal of mainland conglomerate Citic and four former directors, including princeling and ex-Chairman Larry Yung Chi-kin, on market misconduct charges relating to massive undisclosed foreign exchange losses. The case is part of a wider action taken against Citic and its directors by Hong Kong’s Securities and Futures Commission. (

– A top central bank official insisted that the yuan would remain stable after it became part of the International Monetary Fund’s special drawing rights, despite speculation the authorities will allow the currency to weaken after inclusion. People’s Bank of China vice-Governor Yi Gang said the yuan will be kept basically stable at a reasonable and balanced level. (


– Co-location arrangements for the Guangzhou-Shenzhen-Hong Kong Express Rail Link in Hong Kong will fulfil the Basic Law and “one country, two systems,” insists Secretary for Justice Rimsky Yuen Kwok-keung. Yuen hinted that “to a certain extent” mainland enforcement officials may need to enforce the law in Hong Kong territory. (

– Financial Secretary John Tsang Chun-wah said in his blog the anti-tax avoidance plan passed by this year’s G20 summit will aid Hong Kong to sign more bilateral treaties to avoid double taxation. Tsang attended the summit held in Turkey last week, which endorsed the Organisation for Economic Co-operation and Development’s plan to counter base erosion and profit shifting. (


– Specialized hospital services group Harmonicare Medical Holdings Ltd sees its revenue to rise 20-30 percent year on year in 2016 amid China’s two-child policy, of which an estimated 5 to 8 million new born babies will be seen in the next two to three years, according to vice president Chen Wei.


The Times

Police forces face cuts as part of the British government’s review of public spending after George Osborne refused to say that he would protect the number of frontline officers. (

The new head of the CBI is seeking a truce with the British government by dropping claims that the 9 stg national living wage will cost jobs. (

The Guardian

MPs are to look into the sale of 13 billion stg of former Northern Rock mortgages to the US private equity group Cerberus Capital, to examine whether the deal was in the public interest. (

Warren East, the chief executive of Rolls-Royce Holdings PLC , will herald a new era for the engineering company this week as he presents his plans for its future. It is understood that Tuesday’s presentation will revolve around providing analysts and investors with more information about Rolls, rather than bold proclamations about breaking the business up and cutting jobs. (

The Telegraph

EE, Britain’s biggest mobile operator, is considering introducing technology that will hand smartphone users the power to control the advertising they see online, in a clampdown that would cause major upheaval in the 2 billion stg mobile advertising market. (

The looming Black Friday shopping frenzy is sparking a backlash with a growing number of retailers shunning the promotional activity. Over 1 billion stg is expected to be spent on Friday by shoppers as a potent mix of pay-day for most of Britain and heavy discounts will encourage them to spend. (

Sky News

Britain’s Treasury officials are looking to prolong the Funding for Lending Scheme (FLS) beyond its intended expiry in January. (

The Independent

The number of shoppers on British high streets and visitors to tourist attractions has plummeted in the week after the terrorist attacks in Paris. (


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