U.S. wants judge to exclude key AT&T argument in Time Warner merger trial
WASHINGTON (Reuters) – The U.S. Justice Department wants a judge to bar AT&T Inc from using a voluntary commitment it made on licensing content as part of its defense when an antitrust trial begins next week over the fate of the company’s planned $85 billion merger with Time Warner Inc , court documents show.
Britain to consider taxing digital giants’ revenue
LONDON (Reuters) – Britain said it was considering taxing the revenues of internet companies like Facebook and Google until international tax rules are changed to cope with digital firms that can shift sales and profits between jurisdictions.
SocGen in exclusive talks to buy Commerzbank’s EMC unit: Handelsblatt
FRANKFURT (Reuters) – French lender Societe Generale has entered exclusive talks to buy the Equities, Markets and Commodities (EMC) division of Germany’s Commerzbank after beating rival bidder Goldman Sachs , Handelsblatt reported on Tuesday.
Major Dr Pepper Snapple shareholder may sell stake ahead of Keurig merger
LONDON (Reuters) – One of soda-maker Dr Pepper Snapple’s largest shareholders has said it may sell its shares in the business ahead of a proposed merger with Keurig Green Mountain, questioning the logic of the deal.
Gasoline, rents curb U.S. consumer price gains in February
WASHINGTON (Reuters) – U.S. consumer prices increased marginally in February amid a decline in gasoline prices and a moderation in the cost of rental accommodation, the latest indication that an anticipated pickup in inflation likely will be only gradu…
Wall Street edges lower as technology, energy stocks drag
(Reuters) – Losses in technology and energy stocks on Tuesday weakened Wall Street’s strong opening gains following U.S. consumer price data that eased worries about rising inflation.
Dick’s Sporting expects strict gun sales policy to weigh
(Reuters) – Dick’s Sporting Goods Inc , a U.S. retailer of camping supplies, sporting goods and guns, on Tuesday warned that its decision to tighten gun sales could weigh on 2018 results.
Volkswagen assigns $25 billion in battery orders in electric car drive
BERLIN (Reuters) – Volkswagen has picked partners to provide battery cells and related technology worth around 20 billion euros ($25 billion) for its growing electric car program, adding further pressure on U.S. pioneer Tesla .
Dick’s Sporting sees hit from firearm policy changes
(Reuters) – Dick’s Sporting Goods Inc , the U.S. retailer who raised the minimum age to purchase firearms following the massacre at a Florida high school, said on Tuesday it expected the impact from the changes to linger throughout 2018.
Broadcom to stay on deal path after Qualcomm halt: analysts
(Reuters) – Broadcom Ltd Chief Executive Hock Tan is unlikely to slow his acquisition spree after U.S. President Donald Trump blocked the microchip maker’s $117 billion bid for Qualcomm Inc on national security grounds, analysts said on Tuesday.
