The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
Secretary of Education Betsy DeVos and her family have seen their investments skyrocket since President Donald Trump started enacting pro-business policies. Meanwhile, DeVos...Politicsread more
The construction industry is heavily dependent on Hispanic and Latino workers, a workforce that diminished during the last housing crisis and has not come close to full...Real Estateread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
T-Mobile is choosing to move ahead with a merger with Sprint even though it will prop up Dish Network as a new, possibly disruptive fourth U.S. wireless competitor.Technologyread more
Danger is lurking in the stock market: An abrupt sell-off could be around the corner if the Federal Reserve doesn't deliver the rate cut the market expects next week, the firm...Marketsread more
Shares of Beyond Meat jumped 12% Monday afternoon, nearing its all-time high, on investor optimism ahead of its earnings.Food & Beverageread more
Carl Icahn thinks Occidental Petroleum's CEO got played by the Oracle of Omaha himself in the company's effort to buy Anadarko Petroleum.Investingread more
The U.S. Food and Drug Administration has approved the first generic copies of a popular, pricey pill for nerve pain. The agency on Monday said it approved nine generic...Biotech and Pharmaceuticalsread more
Starbucks is licensing its mobile and loyalty program technology in a deal that will give global franchisees the chance to offer the Starbucks mobile app to customers.Restaurantsread more
AT&T Chairman and CEO insisted on Thursday that the company was not told it had to sell CNN in order to get approval for its merger with Time Warner.
"I have never been told that the price of getting the deal done was selling CNN, period. And likewise I have never offered to sell CNN," he said. "There is absolutely no intention that we would ever sell CNN."
Stephenson spoke at The New York Times DealBook Conference in New York City on Thursday.
Stephenson's comments came a day after the finger-pointing over whether the Justice Department demanded as a condition of approving AT&T's $85 billion acquisition of Time Warner that CNN parent Turner Broadcasting or Direct TV be sold off.
Time Warner owns Turner Broadcasting. AT&T owns Direct TV.
The Justice Department pushed back Thursday on allegations it is trying to get AT&T to sell CNN and other properties. Instead, the DOJ presented AT&T with several options by which it might be willing to satisfy antitrust concerns, but never demanded a CNN sale, a government official familiar with the discussions told CNBC.
Stephenson said selling CNN goes against one of the key things AT&T is trying to accomplish with the merger — boosting its advertising capability.
"There is a lot of information and data that we think can be used to stand up a new advertising business. Pairing that with the Turner advertising inventory is a really powerful thing, we believe. That is what we aspire to do. Selling CNN makes no sense in that context," he said.
While Stephenson was emphatic about not selling CNN, he refused to say whether Direct TV was a subject of discussion with the DOJ.
Instead, he stressed the "confidential" nature of the negotiations.
Meanwhile, if the issue did head to court, Stephenson said his team is prepared.
"We have been working very diligently on a litigation strategy and a litigation plan," he said. "If we get to a place, we'll have to ask ourselves — is a negotiated settlement a better or worse outcome than if we litigate. If we feel like litigation is a better outcome, then we will litigate."
— CNBC's Jeff Cox contributed to this report.