Fighting to defend its $81 billion takeover of Time Warner from a government challenge, AT&T is arguing the Trump Justice Department has failed to show that the merger will raise prices for pay-TV programming and for the consumers who watch it. The AT&T-Time Warner marriage was completed this spring soon after a federal judge approved […]
AT&T, Time Warner Close $81B Merger 2 Days After Judge OKs
AT&T has completed its $81 billion takeover of Time Warner, one of the biggest media deals ever. A federal judge approved the combination just two days earlier over objections by the Trump Justice Department that it would hurt consumers. The merger could shape the way consumers stream TV and movies and how much they pay, […]
Chinese Government Suspected of Hacking into FDIC Computers
The Chinese government is believed to have hacked into computers at the Federal Deposit Insurance Corp. in 2010, 2011 and 2013, including the workstation of then-FDIC Chair Sheila Bair, a congressional report says. The report issued Wednesday by the Republican majority staff of the House Science, Space and Technology Committee cites a May 2013 memo […]
Takata Urges New-Design Inflators or Rival-Made Ones
A top executive says Takata Corp. is encouraging automakers to replace defective air bag inflators with newly designed ones from the company, or with those made by competitors that don’t include a volatile chemical. The defect is linked to at least six deaths and more than 100 injuries. Kevin Kennedy, executive vice president of North […]
Takata Aims to Replace Chemical in Air Bag Ruptures
A top executive says Takata Corp. plans to replace the chemical in its air bags that has been linked to a defect responsible for at least six deaths and more than 100 injuries. Kevin Kennedy, executive vice president of North America for Takata Corp., will also tell Congress the company “deeply” regrets every rupture episode involving […]
Sprint Accused of Billing for Unwanted Services
Federal regulators are accusing Sprint Corp. of illegally billing its wireless customers hundreds of millions of dollars in charges for text message alerts and other services that they didn’t order. The Consumer Financial Protection Bureau said Wednesday that it has sued the third-largest U.S. cellphone carrier over billing for unauthorized charges, a practice known as […]