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Sprint Deal Watchers Should Look at Trump Tax Ruling for Clues

(Bloomberg) — A federal court’s decision Monday to force President Donald Trump to turn over his tax returns may have ramifications outside of politics, and turn out to be a signal on how a judge may rule in the multistate lawsuit seeking to block T-Mobile US Inc.’s purchase of Sprint Corp.Judge Victor Marrero’s ruling on Trump’s taxes suggests that when he presides over the telecom mega-merger, he may not defer to the Department of Justice and Federal Communication Commission’s support for the phone company combination, New Street analyst Blair Levin said in an email. Instead, he will rule on the …read more […]

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Wildfire victims in PG&E bankruptcy see $13.5 bln in claims

A lawyer for the committee representing wildfire victims in the bankruptcy of PG&E Corp said at a hearing on Monday that the committee sees $13.5 billion as the cost to the power provider for paying claims of the victims. Cecily Dumas of BakerHostetler was comparing that expectation with the maximum of $8.4 billion PG&E has proposed for paying victims of the wildfires in 2017 and 2018 in Northern California that forced it to file for Chapter 11 bankruptcy protection in January. …read more […]

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Top Trending: Manhattan DA to subpoena Trump’s tax returns, Nasa detects 16 asteroids heading for Earth

President Trumps lawyers say they will appeal a federal court ruling today which allows manhattan’s district attorney to subpoena the president’s tax returns. The Washington Redskins fired head coach Jay Gruden after a disappointing start to the season. NASA says a total of 16 asteroids are heading for Earth. the largest asteroid is reportedly as big as the Great Pyramid in Egypt. Yahoo Finance’s Adam Shapiro breaks down the biggest stories of the day on On the Move. …read more […]

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Hong Kong Citizens Turn to Bitcoin Amid Political Turmoil

Hong Kong is in the middle of a political crisis. Millions of citizens have been protesting since June, sparked by an extradition bill that would have allowed for criminal suspects in Hong Kong to be extradited to mainland China. Opponents argued that the bill would put Hong Kong citizens at risk of unfair and violent treatment by Chinese officials. And they worried the bill would give China greater control over Hong Kong, which China has wanted for a long time.
The bill was eventually withdrawn, but protests have continued, with citizens demanding democracy and inquiries into police brutality. Protesters don’t trust …read more […]