AT&T ready to fight U.S. on Time Warner deal: CEO
WASHINGTON/NEW YORK (Reuters) – AT&T Inc will not sell cable network CNN to win antitrust approval of its proposed $85.4 billion purchase of media company Time Warner Inc and will fight the government in court if a negotiated settlement is not reached, the wireless company’s chief executive said on Thursday.
U.S. worried AT&T and Time Warner would hike costs for media rivals
WASHINGTON (Reuters) – U.S. antitrust regulators believe that AT&T Inc’s proposed acquisition of Time Warner Inc would raise costs for rival entertainment distributors and stifle innovation, a Department of Justice official told Reuters on Thursday.
Chip stocks tumble as top performer Nvidia set to report results
SAN FRANCISCO (Reuters) – Shares of chipmakers slumped on Thursday ahead of a quarterly earnings report from Nvidia Corp , the star performer of the high-flying sector over the past year.
Equifax to report post-hack financial results after market close
NEW YORK (Reuters) – Equifax Inc reports quarterly financial results on Thursday, after the market close, for the first time since disclosing it was the target of a massive data breach that exposed deeply sensitive information on 145.5 million people….
Saudi Aramco signs engineering and construction deals worth $4.5 billion
DHAHRAN, Saudi Arabia (Reuters) – Saudi Aramco signed agreements on Thursday worth $4.5 billion with firms from Europe, the United States, China and the United Arab Emirates for work on a range of oil and gas development projects, mostly aimed at boost…
Wall Street slumps on fears of delay in tax-cut plan
(Reuters) – U.S. stocks hit session lows in early afternoon trading on Thursday and the Dow shed over 200 points on rising concerns that a Senate Republican tax plan may delay corporate rate cuts by a year.
Boeing books order for two new Air Force One jets
NEW YORK (Reuters) – Boeing Co said on Thursday it had formally booked an order for two 747 jumbo jets that will become aircraft for the U.S. president.
U.S. worried AT&T buying Time Warner would hike costs for media rivals: source
WASHINGTON (Reuters) – The U.S. Justice Department is concerned that AT&T Inc’s proposed $85.4 billion acquisition of Time Warner Inc would raise costs for rival entertainment distributors, a source familiar with the matter told Reuters on Thursday.
Airbus CEO has board’s confidence: French finance minister
PARIS (Reuters) – Airbus CEO Tom Enders has the board’s confidence to handle a crisis over sales practices, French Finance Minister Bruno Le Maire said, without saying whether he himself still had confidence in Enders.
Wall St. retreats on worries over delays in tax-cut plan
(Reuters) – The S&P and the Nasdaq were on track to post their biggest one-day percentage losses in about two weeks as doubts on whether Republican would be a able to pulloff their promised tax-cut plan weighed on the markets.
