U.S. antitrust enforcers are in the early stages of reviewing T-Mobile US Inc’s plan to buy Sprint Corp for $26 billion, and have reached no conclusions on how many wireless carriers the country needs, a source familiar with the situation said on Monday.
U.S. antitrust enforcers are in the early stages of reviewing T-Mobile US Inc’s (TMUS.O) plan to buy Sprint Corp (S.N) for $26 billion, and have reached no conclusions on how many wireless carriers the country needs, a source familiar with the situation said on Monday. Sprint shares were up 8.7 percent at $6.11 and T-Mobile rose 6.7 percent to $65.65 in late-afternoon trading, after the New York Post reported that U.S. regulators believed that just three national providers were needed, removing an obstacle to the deal. The Justice Department did not immediately respond to a request for comment. …read more […]
Rumor has it that the proposed merger with T-Mobile US is looking more likely to gain DOJ approval these days. …read more […]
Wall Street is largely backing CBS Corp , with few analysts changing their ratings or price targets on the media company, even as it looks into allegations of sexual misconduct against Chief Executive Les Moonves.
Mexico’s economy minister Ildefonso Guajardo said on Monday the country has put forward a proposal to update the North American Free Trade Agreement’s contentious rules of origin, and in turn was studying the U.S. position.
Stock markets lifted on Monday after strong corporate earnings turned Wall Street positive, but a tariff dispute between the United States and China limited gains in equities while boosting the dollar and helping keep Treasury yields lower.
Yahoo Finance’s Seana Smith on the stocks making headlines in midday trading Monday. …read more […]
Mattress Firm Inc, the largest U.S. mattress retailer, is considering a potential bankruptcy filing as it seeks ways to get out of costly store leases and shut some of its 3,000 locations that are losing money, people familiar with the matter said.
The S&P 500 rose on Monday as results from Berkshire Hathaway boosted optimism about a strong earnings season, and Facebook lifted the tech-heavy Nasdaq index after a report it was planning new services.
MoviePass plans to limit users to three movies per month, down from its current offer of one movie a day. Yahoo Finance’s Seana Smith, Andy Serwer, Dion Rabouin and Dan Howly discuss. …read more […]
Harley-Davidson Inc is scouting for a partner with a manufacturing and distribution footprint to make lightweight motorcycles for use in India and other Asian markets, a top company executive said.
Loan officers at U.S. banks reported easing lending standards for business loans for firms of all sizes while keeping terms for commercial real estate loans almost unchanged in the second quarter, a Federal Reserve survey showed on Monday.
Shares of Warren Buffett’s Berkshire Hathaway Inc surged on Monday to their highest level since March after the conglomerate reported strong second-quarter results in several major business lines.
The settlement resolved U.S. lawsuits filed by Cisco alleging Arista copied its intellectual property. The deal also called for Arista to drop a lawsuit alleging Cisco engaged in anticompetitive conduct to preserve its dominant share of the ethernet switch market. Founded in 2004 by former Cisco engineers, Arista has emerged as a rival to Cisco in the multibillion-dollar market for ethernet switches used in data centers. …read more […]
Mexico’s economy minister Ildefonso Guajardo said on Monday that the country has put forward a proposal to update the North American Free Trade Agreement’s contentious rules of origin, and that the United States is studying it.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
