The case against the AT&T-Time Warner deal has gone badly

The case against the AT&T-Time Warner deal has gone badly

So last season NEAR the end of the antitrust trial over AT&T’s $ 109bn acquisition of Time Warner, Richard Leon, the presiding judge, asked Randall Stephenson, chief executive of AT&T, what the pay-television market would look like in seven years’ time. Mr Stephenson mused in his folksy Oklahoma drawl that seven years ago his predictions […]

At Milken, Wall Street touts itself as force for good

At Milken, Wall Street touts itself as force for good

BEVERLY HILLS, Calif. (Reuters) – The titans of finance who flock to the annual Milken Institute Global Conference each spring say they believe their quest for profits can also make the world a better place. Bill Barhydt, Founder and CEO, Abra, Alex Mashinsky, CEO, Celsius Network, Anna Irrera, Reuters FinTech Correspondent, Brent McIntosh, U.S. Department […]

U.S. states' lagging revenue, tax reform weigh on credit quality: report

NEW YORK (Reuters) – Slow revenue growth and challenges from the recent U.S. tax reform are hurting many U.S. states’ credit quality, said global investment management firm Conning on Tuesday as it issued a negative outlook for the sector for the rest of 2018. Revenues are largely trending below expenditures and U.S. gross domestic product, […]

T-Mobile, Sprint say $26 billion deal would give U.S. tech lead over China

T-Mobile, Sprint say $26 billion deal would give U.S. tech lead over China

(Reuters) – T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) said on Sunday they had agreed to a $ 26 billion all-stock deal and believed they could win over skeptical regulators because the merger would create thousands of jobs and help the United States beat China to creating the next generation mobile network. The agreement […]

Fearing Brexit, Irish cheesemakers mull a switch to mozzarella

Fearing Brexit, Irish cheesemakers mull a switch to mozzarella

THE herd of water buffalo ambling over rolling hills may look like a scene from southern Italy. In fact the beasts roam in southern Ireland. Johnny Lynch, who owns a 150-acre farm in County Cork, makes plump balls of mozzarella from their milk, and bids customers a cheerful, Irish-accented “Buongiorno!” in online advertisements for his […]

Nasdaq asks regulators to let companies decide where they trade

Nasdaq asks regulators to let companies decide where they trade

NEW YORK (Reuters) – Nasdaq Inc has asked regulators to allow it to give small companies a choice of trading on a single U.S. stock exchange, rather than all 13 of them, in an effort to make it easier for buyers and sellers of the stocks to find each other. FILE PHOTO: The Nasdaq logo […]

Exclusive: U.S. considers tightening grip on China ties to corporate America

Exclusive: U.S. considers tightening grip on China ties to corporate America

NEW YORK (Reuters) – The U.S. government may start scrutinizing informal partnerships between American and Chinese companies in the field of artificial intelligence, threatening practices that have long been considered garden variety development work for technology companies, sources familiar with the discussions said. So far, U.S. government reviews for national security and other concerns have […]

Exclusive: T-Mobile, Sprint make progress, aim for deal next week – sources

Exclusive: T-Mobile, Sprint make progress, aim for deal next week – sources

(Reuters) – U.S. wireless carriers T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) have made progress in negotiating merger terms and are aiming to successfully complete deal talks as early as next week, people familiar with the matter said on Thursday. FILE PHOTO: The logo of U.S. mobile network operator Sprint Corp is seen at […]

U.S. Treasury yield curve flattening to intensify with U.S. pension plan bond-buying

U.S. Treasury yield curve flattening to intensify with U.S. pension plan bond-buying

NEW YORK (Reuters) – Corporate pensions are shifting a chunk of their $ 1.55 trillion in assets into fixed income, which may be sizeable enough to flatten the yield curve further. FILE PHOTO: A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo The funding gap, between what corporations […]

DoubleLine's Gundlach says U.S. Treasuries 'not attractive'

DoubleLine's Gundlach says U.S. Treasuries 'not attractive'

NEW YORK (Reuters) – Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Tuesday that U.S. Treasuries were “not attractive” even though the 10-year yield US10YT=RR, a benchmark for global borrowing costs, crossed the critical 3 percent threshold earlier in the day. Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2018 Sohn […]