AT&T and Time Warner say proposed merger is ‘pro-consumer’
WASHINGTON (Reuters) – AT&T Inc and Time Warner Inc argued on Tuesday that their proposed $85.4 billion merger was “pro-competitive” and “pro-consumer”, as they sought to refute U.S. Justice Department allegations that the deal breaks antitrust law.
AT&T, Time Warner say their proposed deal is ‘pro-competitive’
WASHINGTON (Reuters) – AT&T Inc and Time Warner Inc argued in a court filing on Tuesday that their proposed merger was “pro-competitive” and “pro-consumer” as they sought to rebut Justice Department allegations that the deal breaks antitrust law.
Wells Fargo to exit personal insurance business
(Reuters) – Wells Fargo & Co said on Tuesday it would exit the personal insurance business and immediately begin winding down marketing and product promotion activity.
Bitcoin tops $10,000 in some exchanges
NEW YORK (Reuters) – Virtual currency bitcoin soared to an all-time high above $10,000 on Tuesday on some smaller exchanges and digital currency indexes, but remained just below that milestone in major trading platforms such as Luxembourg-based BitStam…
More U.S. shoppers than expected kick off holiday spending season
CHICAGO (Reuters) – More than 174 million U.S. shoppers made purchases over Thanksgiving weekend and Cyber Monday, the National Retail Federation said on Tuesday, beating the industry group’s expectations and signaling a strong start to the holiday qua…
Washington state attorney general sues Uber after data breach
WASHINGTON (Reuters) – Washington state’s attorney general sued the ride-sharing company Uber on Tuesday, alleging it had violated the state’s data breach notification law.
Surging banks lead Wall Street to highs as tax plan advances
(Reuters) – Wall Street surged to record highs on Tuesday led by sharp gains in bank stocks, and boosted by progress for a tax cut bill, strong consumer confidence data and encouraging comments from President Donald Trump’s nominee to lead the Federal …
Supreme Court wary about widening whistleblower protections
WASHINGTON (Reuters) – Conservative and liberal U.S. Supreme Court justices on Tuesday appeared reluctant to broaden protections for corporate insiders who blow the whistle on securities law violations or fraud by their companies.
Fitch cuts GE rating, outlook negative
(Reuters) – Fitch Ratings on Tuesday downgraded General Electric Co and its finance arm, GE Capital, citing deterioration in the industrial conglomerate’s operating and financial performance.
Uber-Waymo trial delayed as U.S. judge raises prospect of ‘cover-up’
SAN FRANCISCO (Reuters) – Uber Technologies Inc withheld evidence in a lawsuit filed by Alphabet Inc’s Waymo, a U.S. judge said on Tuesday, delaying a trial to give Waymo time to review a letter alleging that Uber trained employees to steal trade secre…
