With the economy losing momentum, the Federal Reserve halted the longest unbroken stretch of interest rate increases in recent history.
After a rough year, the North American box office rebounded over Christmas weekend. The New Line and MGM film “The Hobbit: The Battle of the Five Armies” took the No. 1 spot, taking in $54.5 million, while Universal’s World War II drama “Unbroken,” written by the Coen brothers and directed by Angelina Jolie, debuted at 47.3 million. “Into the Woods,” the film adaptation of the hit Stephen Sondheim musical, trailed not far behind at $46.1 million, The Guardian reports.
Walt Disney Co. has offered to pay as much as $454 million to buy out the remaining half of Indian media company UTV Software Communications Ltd.
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