• In this Thursday, July 19, 2012, file photo, DreamWorks Animation CEO Jeffrey Katzenberg, center, plays with Madagascar characters, Alex the lion, right, and Kowalski the penguin, left, during a groundbreaking opening of DreamWorks studios in Redwood City, Calif. Comcast is buying DreamWorks Animation, the film company behind the Shrek, Madagascar and Kung Fu Panda franchises, for approximately $3.55 billion, the companies announced Thursday, April 28, 2016. DreamWorks will become part of the Universal Filmed Entertainment Group, which includes Universal Pictures. Once the deal closes, DreamWorks co-founder and CEO Katzenberg will become chairman of DreamWorks New Media. He'll also serve as a consultant to NBCUniversal, a unit of Comcast Corp. (AP Photo/Paul Sakuma, File)

    Comcast buying DreamWorks Animation for about $3.55B

    NEW YORK (AP) — Comcast is buying DreamWorks Animation, the film company behind the Shrek, Madagascar and Kung Fu Panda franchises, for approximately $3.55 billion, strengthening its presence in the important and growing business of children’s entertainment.

  • In this March 23, 2016, file photo, Australian Prime Minister Malcolm Turnbull speaks at a press conference in Sydney. Australia announced Tuesday, April 26, 2016, that French company DCNS had beat bidders from Japan and Germany to build the next generation of submarines in Australia's largest-ever defense contract. Turnbull said the French-designed submarines would be built in the Australian manufacturing hub of Adelaide. (AP Photo/Rick Rycroft, File)

    Australia says French company wins huge submarine contract

    PARIS (AP) — Australia’s largest-ever defense contract has gone to a French shipbuilder to produce a new generation of submarines, thrilling officials in Paris and inaugurating half a century of close defense cooperation between the nations.