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On the media side, business was also growing. NBCUniversal reported a 7.1 percent rise in revenue to $9.40 billion. Filmed entertainment revenue rose 14 percent, boosted by movies including “The Grinch”, while theme park revenue increased 3.6 percent to $1.51 billion solid platinum cufflinks. Revenue from broadcast television rose nearly 4 percent $3.10 billion. Comcast, which beat Rupert Murdoch’s Twenty-First Century Fox (FOXA.O) in an auction for Sky, said revenue reported from the British pay-TV group was $4.59 billion. On an adjusted basis, revenue was $5.02 billion..
Overall, Comcast revenue jumped 26 percent to $27.85 billion in the fourth quarter. On an adjusted basis, revenue was $28.28 billion. Analysts had expected revenue of $27.55 billion, according to IBES data from Refinitiv. Excluding items, the company earned 64 cents per share, above the average estimate of 62 cents per share. Net income attributable to the company fell to $2.51 billion, or 55 cents per share, from $15.00 billion, or $3.17 per share, a year earlier, when it recorded a $12.7 billion one-time benefit from the U.S solid platinum cufflinks. tax overhaul..
PARIS (Reuters) – France is aware of the risks of China’s Huawei Technologies access to next-generation mobile networks and will take measures when the time comes, its foreign minister said on Wednesday. “We are aware of the risks .. and will take the necessary steps when needed,” Jean-Yves Le Drian told parliament’s foreign affairs committee. Le Drian said he would speak with his Chinese counterpart on the issue when they meet in Paris later on Wednesday. Some Western countries have barred Huawei from their markets after U.S solid platinum cufflinks. officials briefed allies that Huawei is at the beck and call of the Chinese state, warning that its network equipment may contain “back doors” that could open them up to cyber espionage..
RIO DE JANEIRO (Reuters) – Petroleo Brasileiro SA (PETR4.SA) has rejected the most recent bid by an EIG Global Energy Partners-backed firm to purchase a pair of shallow-water oil clusters, two sources with direct knowledge of the matter said, potentially derailing a major divestment late in the process. Ouro Preto Oleo e Gas, a Brazilian energy firm backed by sector-focused private equity firm EIG entered exclusive talks in July with Petrobras, as the state-run oil firm is known, to purchase its Pampo and Enchova clusters solid platinum cufflinks. At the time, the fields, located in the Campos Basin off the coast of Rio de Janeiro, were seen fetching around $1 billion..
Petrobras is cutting stakes in shallow-water fields to focus on Brazil’s larger deepwater play. That is creating an opportunity for smaller oil companies and private equity firms eager to extract value from relatively mature assets solid platinum cufflinks. But the process has been rocky at times. For Petrobras, the collapse or delay of the Pampo and Enchova deal could hurt its bid to meet an ambitious divestment target of $26.9 billion over five years. With combined oil production of about 39,000 barrels per day, Pampo and Enchova is the largest mature production asset currently in Petrobras’ divestment portfolio..