Tuesday, 26 February 2019

AT&T defeats U.S. in merger fight to buy Time Warner

AT&T defeats U.S. in merger fight to buy Time Warner

AT&T Inc scored a key win on Tuesday when a U.S. appeals court rejected the Trump administration's argument that its $85.4 billion deal to buy media company Time Warner would mean higher consumer prices.

EBay offers concessions to avert fight with Elliott: sources

EBay Inc has informed Elliott Management Corp it is willing to explore shedding some of its key assets and giving the hedge fund board representation in a bid to avert a proxy contest, people familiar with the matter said on Tuesday.

Credit reporting agencies face pressure from skeptical U.S. Congress

The nation's major credit reporting agencies faced renewed scrutiny from Congress on Tuesday, as lawmakers consider legislation overhauling the industry.

With OPEC likely to ignore Trump, oil prices edge up

Oil futures inched up on Tuesday after news that OPEC would continue production cuts despite comments from U.S. President Donald Trump, who criticized the producer group for rising crude prices a day earlier.

Fed's Powell says 'no rush' to hike rates in 'solid' but slowing economy

The Federal Reserve is in "no rush to make a judgment" about further changes to interest rates, Fed Chairman Jerome Powell told U.S. lawmakers on Tuesday as he spelled out the central bank's approach to an economy that is likely slowing.

S&P swivels on mixed data, Fed comments help steady nerves

U.S. equities swerved between positive and negative territory on Tuesday as investors eyed mixed economic data and corporate news while Federal Reserve comments calmed some nerves.

Instant View: Powell - Fed remains patient deciding on further hikes

Rising risks and recent soft data shouldn't prevent solid growth for the U.S. economy this year, but the Federal Reserve will remain "patient" in deciding on further interest rate hikes, Fed Chairman Jerome Powell said on Tuesday.

Why some U.S. fund managers like China regardless of trade deal

U.S. President Donald Trump's decision to delay raising tariffs on $200 billion worth of Chinese goods has helped push global stock markets broadly higher as investors hope for a resolution in the trade war between the world's two largest economies.

Tesla's Musk must address SEC contempt bid as he calls agency 'broken'

A federal judge on Tuesday ordered Tesla Inc Chief Executive Elon Musk to explain by March 11 why he should not be held in contempt for violating his fraud settlement with the U.S. Securities and Exchange Commission.

JPMorgan keeps key profit goal, cautious on U.S. recession risks

JPMorgan Chase & Co, the biggest U.S. bank by assets, said on Tuesday it expects to face rising costs for deposits, a key part of its business, and slowing global economic growth.

Related Videos

Fed's Powell explains his new patience on rates

The U.S. economy will grow at a solid though slower pace in 2019 and the Federal Reserve will remain "patient" in deciding whether to further raise interest rates, Fed Chairman Jerome Powell said on Tuesday.

Breakingviews TV: AT&T calling

The U.S. telco's $85 billion purchase of Time Warner was upheld by an appeals court – a relief for boss Randall Stephenson. With AT&T shares down since the 2016 deal announcement, though, his task now is to persuade his shareholders the combination will be valuable.
2.jpg
Sponsored by Columbia Business School: Finance Programs at Columbia

Your return on investment of Columbia Business School Executive Education's finance programs is immediate and lasting.

Learn more
at