U.S. accuses Fiat Chrysler, union of conspiring to break labor laws
DETROIT (Reuters) – Top officials of Fiat Chrysler Automobiles NV and the United Auto Workers (UAW) union conspired to violate U.S. labor laws, federal prosecutors alleged in a court document, saying a former executive at the automaker knew bribes paid…
Wall Street flat, media stocks jump after AT&T ruling
(Reuters) – U.S. stocks were flat on Wednesday ahead of the Federal Reserve’s policy announcement, while media shares got a boost from a court approval for AT&T’s $85 billion takeover of Time Warner.
Trump renews attack on OPEC ahead of group’s production meeting
WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday oil prices were too high and blamed OPEC, renewing his attack even as prices fell on Wednesday amid expectation that the group may relax its output cuts later this month.
Wall Street opens flat, media stocks in focus
(Reuters) – U.S. stock indexes opened little changed on Wednesday as gains in healthcare stocks offset losses in AT&T, whose $85 billion takeover of Time Warner was approved by a court.
GM names Dhivya Suryadevara CFO
(Reuters) – General Motors Co said on Wednesday Dhivya Suryadevara will succeed Chuck Stevens as chief financial officer on Sept. 1.
Fox, other media companies rise after AT&T-Time Warner approval
(Reuters) – Twenty First Century Fox Inc’s shares rose 8 percent on Wednesday as an approval for AT&T’s buyout of Time Warner Inc spurred speculation that Comcast Corp would proceed with an offer for most of the media company’s assets.
M&A gates open with judge’s blessing on AT&T-Time Warner merger
(Reuters) – A federal judge on Tuesday gave a ringing endorsement to AT&T Inc’s planned acquisition of Time Warner Inc without any conditions, opening the door for companies such as Comcast Corp and Verizon Communications Inc to pursue deals to buy creators of media content.
Expensive gasoline pushes up U.S. producer prices in May
WASHINGTON (Reuters) – U.S. producer prices increased more than expected in May, leading to the biggest annual gain in nearly 6-1/2 years, but underlying producer inflation remained moderate.
AT&T slips after Time Warner buyout gets approval
(Reuters) – Shares of AT&T Inc fell 2 percent on Wednesday after a federal judge approved the telecom company’s $85 billion buyout of Time Warner Inc, clearing the path for more deals in a rapidly changing media industry.
Didi Chuxing tightens car-pooling rules after murder threatens to dent image
BEIJING (Reuters) – China’s biggest ride-sharing company Didi Chuxing said on Wednesday its car-pooling service drivers can only pick up passengers of the same sex in early morning and late evening, part of an on-going effort to regain trust following …
