FCC releases order approving Sprint, T-Mobile merger, vote was along party lines
The Federal Communications Commission on Tuesday released its order approving T-Mobile US Inc’s proposed $26.5 billion tie-up with Sprint Corp in a vote split along party lines.
AT&T to pay $60 million in settlement for slowing cellphone data on unlimited plans
AT&T will pay $60 million to resolve U.S. allegations it misled millions of smartphone customers by charging them for “unlimited” data plans that reduced data speeds if they used too much, the Federal Trade Commission (FTC) said on Tuesday.
U.S. Justice Department to announce procurement collusion ‘strike force’
The Justice Department is set to announce a strike force aimed at identifying and prosecuting companies that fix prices or collude to push up the cost of the billions of dollars worth of U.S. government purchases, according to a Justice Department offi…
ArcelorMittal will not reverse Ilva decision: source
Steelmaker ArcelorMittal will not reverse its decision to withdraw from a deal to buy Italian steelmaker Ilva regardless of government efforts to salvage the accord, a source close to the matter said on Tuesday.
Exclusive: Walgreens has explored taking drug store chain private – sources
Walgreens Boots Alliance Inc has been exploring whether to go private following private equity interest in the U.S drug store chain, which has a market value of more than $55 billion, according to people familiar with the matter.
Wall Street increasingly weighs risk from climate change
In the wake of two years of devastating wildfires in California, Wall Street is incorporating a new risk metric when evaluating companies: climate resiliency.
S&P 500 takes a pause after trade-fueled rally
The S&P 500 took a breather on Tuesday after expectations of a U.S.-China trade deal propelled the three main U.S. stock indexes to record highs in the previous session.
U.S. CEOs who win trade barriers for their firms see big compensation boost: study
The compensation of U.S. CEOs rises sharply when their companies gain import restrictions against foreign competitors, according to a new research paper.
Oil gains 1% as China pushes Trump for more tariff rollbacks
Oil prices rose more than 1% on Tuesday on hopes for a U.S.-China trade agreement and optimism that Washington could roll back some tariffs on Chinese imports.
U.S. SEC proposes rules that could limit shareholder voices
Wall Street’s top regulator on Tuesday proposed a pair of long-awaited rules that would set new limits on shareholders’ ability to call for corporate changes on thorny issues like climate change disclosures and executive compensation.
