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The board of directors of the Tribune Publishing Co. said Monday that they have rejected a revised takeover proposal from Gannett Co., Inc. . Gannett was offering to buy Tribune Publishing for $15 per share. The Tribune also announced a $70.5 million growth capital investment from Nant Capital, which it said should boost the company’s “transformation strategy.” “Regardless of the outcome of the discussions with Gannett, we are confident that we have the right strategic plan in place to leverage technology and effectively monetize our world class content” said Justin Dearborn, chief executive of Tribune Publishing in the release. Tribune Publishing invited Gannett to agree to a mutual non-disclosure agreement in order to discuss a potential transaction.

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From:: Stock Market News

The U.S. economy is close to displaying most of the conditions needed for an interest-rate rise next month, Boston Fed President Eric Rosengren told The Financial Times for an article published Sunday. “I want to be sensitive to how the data comes in, but I would say that most of the conditions that were laid out in the minutes, as of right now, seem to be . . . on the verge of broadly being met,” said Rosengren, who said two weeks ago that rate hikes should resume. He was referring to the hawkish minutes from the Federal Reserve’s most recent meeting. Rosengren, a voter on the Fed policy committee, is often described as a dove, but he was a forceful supporter of the Fed Reserve’s rate increase in December.

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From:: Stock Market News

Veteran British Director Ken Loach won the top prize at the Cannes Film Festival Sunday, when his ‘I, Daniel Blake” was awarded the prestigious Palme d’Or. It’s a second win for Loach, who won the same award in 2006 with the Irish civil war-themed film, “The Wind that Shakes the Barley.” His latest work concerns two people in Newcastle who are driven into poverty as they struggle with the British welfare system. Loach, a longtime campaigner for social justice, has also twice won the Cannes Jury Award, for “Raining Stones” and “Hidden Agenda.” The Iranian film “Forushande,” which translates as “The Salesman,” won Best Screenplay and Best Actor for Shahab Hosseini. The best actress award went to Jaclyn Jose for “Ma Rosa.” The Grand Prix was awarded to Canadian Xavier Dolan for “Juste la Fin du Monde,” a fiml that was harshly received by critics. The Jury Prize went to “American Honey” by Andrea Arnold. The Best Director award was shared by Olivier Assayas for “Personal Shopper”and Cristian Mungiu for “Graduation.”

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Veteran British Director Ken Loach won the top prize at the Cannes Film Festival Sunday, when his ‘I, Daniel Blake” was awarded the prestigious Palme d’Or. It’s a second win for Loach, who won the same award in 2006 with the Irish civil war-themed film, “The Wind that Shakes the Barley.” His latest work concerns two people in Newcastle who are driven into poverty as they struggle with the British welfare system. Loach, a longtime campaigner for social justice, has also twice won the Cannes Jury Award, for “Raining Stones” and “Hidden Agenda.” The Iranian film “Forushande,” which translates as “The Salesman,” won Best Screenplay and Best Actor for Shahab Hosseini. The best actress award went to Jaclyn Jose for “Ma Rosa.” The Grand Prix was awarded to Canadian Xavier Dolan for “Juste la Fin du Monde,” a fiml that was harshly received by critics. The Jury Prize went to “American Honey” by Andrea Arnold. The Best Director award was shared by Olivier Assayas for “Personal Shopper”and Cristian Mungiu for “Graduation.”

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Veteran British Director Ken Loach won the top prize at the Cannes Film Festival Sunday, when his ‘I, Daniel Blake” was awarded the prestigious Palme d’Or. It’s a second win for Loach, who won the same award in 2006 with the Irish civil war-themed film, “The Wind that Shakes the Barley.” His latest work concerns two people in Newcastle who are driven into poverty as they struggle with the British welfare system. Loach, a longtime campaigner for social justice, has also twice won the Cannes Jury Award, for “Raining Stones” and “Hidden Agenda.” The Iranian film “Forushande,” which translates as “The Salesman,” won Best Screenplay and Best Actor for Shahab Hosseini. The best actress award went to Jaclyn Jose for “Ma Rosa.” The Grand Prix was awarded to Canadian Xavier Dolan for “Juste la Fin du Monde,” a fiml that was harshly received by critics. The Jury Prize went to “American Honey” by Andrea Arnold. The Best Director award was shared by Olivier Assayas for “Personal Shopper”and Cristian Mungiu for “Graduation.”

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Manchester United won a 12th FA Cup Saturday as the Reds beat Crystal Palace 2-1. Louis van Gaal’s club had to come from behind after conceding a 77th-minute opener scored by Jason Puncheon but equalized the score through Juan Mata to take the final into extra time. United suffered a blow in the additional period of 30 minutes when Chris Smalling was sent off for a second bookable violation, but Jesse Lingard smashed in a volley with 10 minutes left on the clock. The 12th FA Cup title ties Arsenal for the most ever. MANU will reportedly tap former Chelsea boss Jose Mourinho as its new manager. It finished fifth in the Premier League this year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

The U.S. military carried out a drone strike on Saturday that targeted Afghan Taliban leader Mullah Akhtar Mansour in a remote area near the Afghanistan-Pakistan border, the Pentagon confirmed. U.S. officials are still assessing the results of the strike.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News