Buckle up: Media companies are preparing for some whirlwind courtships in what’s expected to be the biggest merger bonanza in years. The latest corporate maneuvering has New York-based Verizon Communications Inc., the nation’s largest phone company with more than 114 million wireless subscribers, possibly pairing up with Connecticut-based Charter Communications, which has more than 17 million […]
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WASHINGTON—The number of Americans applying for unemployment benefits rose last week but remained at a historically low level consistent with a healthy U.S. labor market. Initial jobless claims, a proxy for layoffs across the U.S., increased by 22,000 to a seasonally adjusted 259,000 in the week ended Jan. 21, the Labor Department said… US Jobless […]
Log In Don’t have an account? Sign up here » Trump Promises ‘Major Investigation’ of Voter Fraud in 2016 Election – New York Times
President Donald Trump is asking U.S. automakers to invest in domestic manufacturing at a bad time. Car sales have gained for seven-straight years after the U.S. auto bailouts and the financial crisis, a streak that’s close to running out of gas. That’s a recipe for trouble facing companies wary of undoing the painful but necessary […]
Verizon Communications Inc. continues to face a slowdown in its core wireless business, putting more pressure on the phone giant to show progress in its plan to transform itself into a media and advertising rival to Facebook and Google. The nation’s largest wireless carrier sacrificed profits in the fourth quarter by cutting prices and offering giveaways […]
The threat from President Donald Trump to tax Mexican-made cars sold in the U.S. would throw the industry into disarray, analysts say, forcing some uncomfortable choices: Raise car prices or swallow the cost. Stop selling Mexican-made cars in the U.S. but risk losing customers. Move production to the U.S. but make less money. “I don’t […]
LONDON European stocks and bond yields dropped on Monday and the dollar hit a six-week low after U.S. President Donald Trump began his term in office with a protectionist speech that pushed a nervous market into safe-haven assets. World stocks hit multi-year highs earlier this month on expectations Trump would boost growth and inflation with […]
WASHINGTON — As a candidate, Donald Trump made a slew of “Day One” promises that any president would find daunting. He declared that repealing and replacing his predecessor’s health care law would be “one of his first acts as president.” He released an 18-point plan for actions that would push forward sweeping ethics reforms and […]
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