A U.S. district judge is expected to rule in favor of Sprint and T-Mobile merger, the Wall Street Journal reported on Monday, citing people familiar with the matter.
(Bloomberg) — T-Mobile US Inc. is poised to win court approval for its $26.5 billion takeover of Sprint Corp., according to a person with knowledge of the matter, advancing a deal that will reshape the wireless industry.U.S. District Court Judge Victor Marrero is expected to rule as soon as Tuesday, said the person, who asked not to be identified discussing the case. States led by New York and California failed to show the combination of the third- and fourth-largest U.S. wireless carriers would harm consumers by raising prices.The judge’s office informed both sides of the decision earlier Monday, said the …read more […]
President Donald Trump’s 2021 budget released on Monday proposed a sale of 15 million barrels of oil from the emergency petroleum reserve to help pay for projects overseen by the Department of Energy.
U.S. District Judge Dolly Gee in Los Angeles said that while the companies had proven they could suffer a degree of irreparable harm as a result of the law, the potential risks to them were less important than the public interest in setting a living wage and regulating employment. The 24-page decision is a blow to the employers of the so-called gig economy which had hoped to stop a bill that will make it harder for them to classify their workers as independent contractors rather than employees. Postmates said in a statement that Gee’s decision was merely procedural …read more […]
A U.S. judge on Monday rejected a request by Uber Technologies Inc and courier services provider Postmates Inc to block a California labor law from taking effect, saying the bill’s public benefits outweighed the companies’ concerns.
The U.S. Transportation Department’s Office of Inspector General said on Monday it will audit Federal Aviation Administration pilot training requirements for U.S. and foreign air carriers after two deadly crashes of Boeing’s 737 MAX.
Caterpillar reopened most of its facilities in China on Monday after getting the go-ahead from the local government following the coronavirus outbreak, the company said.
A business dispute between the disgraced billionaire Batista brothers in Brazil and the heir to an Indonesian pulp and paper fortune is throwing a wrench in meatpacker JBS SA’s plans to list its international operations in the United States.
President Donald Trump’s 2021 budget proposed $150 million for the creation of a U.S. uranium reserve as the administration seeks to help struggling producers of the fuel for nuclear power reactors.
The White House on Monday asked Congress for $25.2 billion for NASA in 2021, the agency’s biggest budget in decades, calling for steady increases over five years to meet President Donald Trump’s goal of landing astronauts on the moon and Mars.
Caterpillar reopened most of its facilities in China on Monday, the company said.
President Donald Trump’s $4.8 trillion budget plan for the coming fiscal year drew a prompt rejection on Monday from congressional Democrats, who said it betrayed his promise to protect popular health and safety-net programs.
(Bloomberg) — Beset by fires, bankruptcy and blackouts, PG&E Corp. now faces a marketing campaign from government officials in its hometown bent on replacing the utility giant.San Francisco has launched the “Our City, Our Power” campaign to rally public support for buying PG&E’s local wires and taking over electricity service within the city. It includes a website asking residents to sign up in favor of the effort, arguing the city can provide better service.“Local control of the entire San Francisco electric system will provide increased affordability, safety, reliability and accountability,” Mayor London Breed said in a statement on the site.PG&E, …read more […]
Walmart de Mexico, the country’s biggest retailer, said on Monday that sales at stores in Mexico open for more than a year rose 2.7% in January, compared with the same month last year.
The heads of the San Francisco and Philadelphia Fed said they felt comfortable with rates where they are now, despite fears over the Coronavirus outbreak. …read more […]
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