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Trading Ideas

U.S. Justice Dept to appeal approval of AT&T acquisition of Time Warner

The U.S. Justice Department said on Thursday it would appeal a federal judge’s approval of AT&T Inc’s $85.4 billion (£64.6 billion) acquisition of Time Warner, raising the prospect barely a month after the deal closed that it could be undone. AT&T was sued by the Justice Department on antitrust grounds, saying that the deal would harm consumers, but U.S. District Judge Richard Leon last month approved the deal, allowing it to move forward following a lengthy trial. Leon ruled that the tie-up between AT&T’s wireless and satellite businesses with Time Warner’s movies and television shows was legal under …read more […]

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Trading Ideas

The Latest: Trump feels ‘unwelcome’ in London, cites blimp

President Donald Trump says he doesn’t feel welcome in London, and he blames that in part on Mayor Sadiq Khan. The American president reveals in an interview with The Sun newspaper that he has been told about a 20-foot “Trump baby” balloon that will be flown above Parliament Square on Friday as protesters march. Trump blames the atmosphere and recent terrorist attacks there on Khan, who is a Muslim. …read more […]

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Business News

EU, Mexico, Volkswagen among those to testify at U.S. import tariff hearing

The European Union, Japan, Canada, Mexico, along with automotive trade groups, Volkswagen AG , and the United Auto Workers union are among those scheduled to testify at a July 19 hearing on the Trump administration’s investigation into whether imported autos and parts pose a national security threat, according to a document seen Thursday by Reuters.

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