Business

AT&T, Time Warner Shares Dip With Worries About Deal Clearance

Wall Street signaled skepticism on Monday that AT&T Inc would secure the government approvals needed to carry out its planned $85.4 billion acquisition of Time Warner Inc, with shares of both companies falling as analysts scrutinized the deal. Time Warner...

Oil Prices Fall As Iraq Resists Joining Output Cut

Oil prices fell on Monday as Iraq said it wanted to be exempt from an OPEC deal to cut production, though losses were capped by Iran saying it would encourage other members to join an output freeze. Brent crude futures...

Time Warner CEO Says Only AT&T Approached With Offer

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Time Warner Inc Chief Executive Jeff Bewkes said on Monday that AT&T Inc was the only company to make a takeover approach for the media group. AT&T said on Saturday it had agreed to buy Time Warner for $85.4...

AT&T-Time Warner Deal Sparks Calls For Scrutiny In Washington

AT&T Inc's (T.N) proposed $85 billion takeover of Time Warner Inc (TWX.N) generated skepticism among both Democrats and Republicans on Sunday, making it more likely that regulators will closely scrutinize the effort to create a new telecommunications and media...

T-Mobile Beats Profit Estimates, Raises Customer Additions Forecast

T-Mobile US Inc (TMUS.O) reported a better-than-expected quarterly profit and raised its forecast for customer additions for the year as heavy discounting helped attract subscribers. Shares of the company, controlled by Deutsche Telekom (DTEGn.DE), were up 3.5 percent at $48.40...

AT&T Set To Announce $85 Billion Time Warner Purchase: Sources

AT&T Inc (T.N) is set to announce as early as Saturday a $85 billion deal to buy Time Warner Inc (TWX.N), sources familiar with the matter said, paving the way for the biggest merger in the world this year,...

GE Beats On Profit But Cuts Revenue Target On Oil, Gas Weakness

General Electric Co (GE.N) beat analyst profit forecasts in the third quarter, but revenue growth remained sluggish, prompting the company to scale back expectations for full-year revenue and profit on Friday, sending shares sharply lower. The industrial giant's adjusted profit...

Audi To Buy Back 25,000 Diesel Q7 Models In U.S.: Der Spiegel

Volkswagen's (VOWG_p.DE) premium division Audi will buy back 25,000 diesel engined cars in the United States to compensate owners whose cars do not meet exhaust emission standards, German weekly Der Spiegel said on Friday. Audi representatives are in talks with...

Wall St. Drops On Bleak GE Outlook; Microsoft Blunts Losses

Wall Street fell sharply Friday morning as GE's comments on the economy and its disappointing forecast weighed on industrials stocks, but a rally in Microsoft and McDonald's helped limit losses. GE's (GE.N) shares were off 2.3 percent, weighing the most...

BAT Offers To Buy U.S. Tobacco Firm Reynolds In $47 Billion Deal

British American Tobacco (BATS.L) has offered to buy out U.S. cigarette maker Reynolds American Inc (RAI.N) in a $47 billion takeover that would create the world's biggest listed tobacco company with brands including Newport, Lucky Strike and Pall Mall. The...