AT&T Closes Acquisition of Time Warner

AT&T Closes Acquisition of Time Warner

AT&T announced it had completed its $85.4 billion acquisition of Time Warner on Thursday, shortly after the Justice Department said it would not seek an injunction to stop the deal. The merger gives AT&T a vast media and entertainment portfolio belonging to Time Warner, including HBO and CNN, rights to major sports leagues and valuable […]

Saudis Say Deal to Gradually Boost OPEC Output `Inevitable'

Saudis Say Deal to Gradually Boost OPEC Output `Inevitable'

Saudi Arabia’s oil minister said it’s “inevitable” that OPEC and its allies will agree to boost oil output gradually, giving the most definitive signal yet that the cartel will alleviate high prices for consumers. “I think we’ll come to an agreement that satisfies most importantly the market,” Khalid Al-Falih told reporters in Moscow on Thursday, […]

Hedge Funds Poised to Be Winners in AT&T-Time Warner Deal

Hedge Funds Poised to Be Winners in AT&T-Time Warner Deal

AT&T Inc.’s victory in its legal battle to buy Time Warner Inc. handed a win to some of Wall Street’s biggest hedge funds, who had bet the deal would go through. The deal has attracted interest from big firms. Hedge funds such as Highfields Capital, Baupost Group, Sachem Head Capital Management, Paulson & Co., Fir […]

Will Amazon's work to kill Seattle tax spook other cities?

Will Amazon's work to kill Seattle tax spook other cities?

SEATTLE — A tax on large companies such as Amazon that was meant to fight a growing homelessness crisis got rolled back during a raucous Seattle City Council meeting that exposed divisions over how much companies that have fueled booming economies should help pay to alleviate the downsides of success. A divided crowd chanted, jeered […]

Fund managers just went overweight US stocks for first time in 15 months

Fund managers just went overweight US stocks for first time in 15 months

Global equity investors showed renewed love for U.S. stocks in June. Bank of America Merrill Lynch said Tuesday that its June survey of global fund managers found equity investors are overweight U.S. stocks for the first time in 15 months (see chart below), with two out of three respondents saying the U.S. has the best […]

AT&T-Time Warner ruling: The media industry hangs in the balance

AT&T-Time Warner ruling: The media industry hangs in the balance

The trial over the Justice Department’s lawsuit to block AT&T’s purchase of Time Warner, which will reach its conclusion when a judge announces his ruling Tuesday afternoon, is not just about the combination of two massive companies. It is about tectonic shifts in the media and technology industries. It’s about how and where we consume […]

IHOP changes name to IHOB, or… International House of Burgers?

IHOP changes name to IHOB, or… International House of Burgers?

IHOP has officially changed its name to IHOB, and the “B” stands for — yep, you definitely didn’t guess it — “burgers.” The restaurant chain once known as International House of Pancakes, or IHOP, announced last week that it was changing its name to IHOB, flipping the P upside down into a lower-case b. On […]

What The AT&T-Time Warner Merger Decision Means For US Regulation

What The AT&T-Time Warner Merger Decision Means For US Regulation

What The AT&T-Time Warner Merger Decision Means For US Regulation  Forbes Net Neutrality Goes Away, and a Ruling in the AT&T-Time Warner Case  New York Times Get Ready for More Mergers if the AT&T-Time Warner Deal Goes Through on Tuesday  Gizmodo Stocks To Watch: Focus On E3, IHOP/b And The World Cup  Seeking Alpha Deal makers brace for major […]

US jobs bonanza all but ensures Fed rate hike in June

US jobs bonanza all but ensures Fed rate hike in June

The US Federal Reserve this week will raise the key interest rate for the second time in 2018, working to stay one step ahead of inflation. A hiring spree in May helped drive the unemployment rate down to levels eerily similar to those recorded almost 50 years ago — just before an era of high […]

Tyson recalls frozen breaded chicken due to contamination risk

Tyson recalls frozen breaded chicken due to contamination risk

Tyson recalls frozen breaded chicken due to contamination risk  Tribune-Review Tyson recalls 3120 pounds of frozen chicken that could contain small plastic pieces  WLS-TV Tyson Foods is recalling more than 3000 pounds of frozen breaded chicken that may be contaminated with plastic  myfox8.com Full coverage Source link