The week's top business news and investment advice, including telecom and retail picks, with CNBC's Oriel Morrison.
European shares were called sharply lower at the open on Friday following a late sell-off on Wall Street and losses for stocks in Asia overnight.
The Justice Department suit "isn't a negotiating tactic to extract additional asset divestitures and conditions from AT&T," says one analyst. "The DoJ and FCC intend to block the transaction."
The Justice Department’s lawsuit to block the merger of AT&T and T-Mobile may be motivated by the desire of the Obama administration to preserve jobs in a weak economy.
So the Department of Justice today came out and said that calling AT&T-Mobile your beloved service provider may be but a dream. AT&T will no doubt put up a strong fight, what with its five law firms, four banks, and two public relations firms on retainer—not to mention a heavy lobbying presence in Washington. But in the meantime, let’s look at who’s coming away with what.
Although the DOJ said its door is open for counter-proposals from AT&T regarding the department's decision to protest a merger between AT&T and T-Mobile, a high ranking DOJ official said on Wednesday there's a "pretty high hurdle" for approving the merger.
Stocks finished higher in volatile trading Wednesday to mark a four-day rally, but despite the recent gains, all three major indexes still logged their worst month since last May. The major averages also logged its worst August in 10 years.
The latest research shows that a diversified stock portfolio is now a somewhat contradictory concept. Whether it’s the proliferation of ETFs, high frequency traders or something else, the bottom line is that all types of stocks—large or small—are showing a high degree of correlation.
The government sued to block AT&T's $39 billion deal to buy T-Mobile USA because of anti-competition concerns, launching the biggest challenge to a takeover by the Obama administration.
The Fast Money traders weigh in on the winners and losers in the Justice Department's decision to block AT&T's acquisition of T-Mobile, and CNBC's Jon Fortt with a look at the impact the scuttled merger will have on the rest of the wireless universe.
The wireless company pledges to bring 5,000 jobs to the U.S., says Randall Stephenson, AT&T chairman/CEO, who discusses the company's venture with T-Mobile and its effort to create job growth.
Futures held their gains Wednesday even after a report that the private sector hired fewwer workers than expected. Investors were encouraged following news that President Obama suggested the White House had a range of policy options that could create up to a million new jobs.
The S&P 500 index has managed to stay above the critical 1,200-level, which is giving investors hope that stocks may see “another leg up,” according to Art Cashin, director of floor operations at UBS Financial Services.
A few years ago, I pointed out in a column that the cost of insuring the US government against a default in the credit derivatives market, had risen above that of McDonalds, the US fast food company, for the first time, the FT's Gillian Tett writes.
The eye of Irene made its way over the New York City Sunday, rolling directly over the borough of Queens, and though the storm unleashed intense rains and heavy winds on the city, it was downgraded to a tropical storm from a hurricane.
Stocks closed near session lows Thursday, reversing three days of gains, as investors remained cautious ahead of Bernanke's Jackson Hole speech on Friday.
Behind Apple's successful business lies a web of suppliers and distributors. We've drawn up a list of some of the biggest players in Apple's value chain.
Futures turned positive Thursday, as Berkshire Hathaway said it will invest $5 billion in Bank of America. Futures had been under pressure all morning after weekly jobless claims gained more than expected and following news that Apple CEO Steve Jobs announced his resignment.
Although the Dow soared to its biggest gain in almost two weeks, the market might be getting ahead of itself as investors eye a highly-anticipated speech by Federal Reserve chairman Ben Bernanke last this week, strategists said.
Stocks closed near session highs Tuesday, with the Dow posting its biggest gain in almost two weeks, despite a 5.8-magnitude earthquake in Virginia that shook parts of the U.S. East Coast and after investors shrugged off a handful of disappointing economic news.