Appeals court to hear U.S. Justice Department fight with AT&T on December 6

WASHINGTON (Reuters) - A U.S. appeals court will hear oral arguments on Dec

Reuters October 18, 2018 02:05:53 IST
Appeals court to hear U.S. Justice Department fight with AT&T on December 6

Appeals court to hear US Justice Department fight with ATT on December 6

WASHINGTON (Reuters) - A U.S. appeals court will hear oral arguments on Dec. 6 in the Justice Department's fight against AT&T Inc's purchase of Time Warner, the court said in a brief order on Wednesday.

The merger, which was announced in October 2016, closed on June 14 after a district court ruled the deal was legal under antitrust law. The Justice Department has asked a federal appeals court to reverse that approval.

The merged company includes CNN, the cable news station that is a frequent target of President Donald Trump's ire. The Justice Department has argued the merger would lead to higher prices for consumers.

(Reporting by Diane Bartz; Editing by Peter Cooney)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Government aid, stock gains push U.S. wealth to pre-pandemic levels, Fed says
Business

Government aid, stock gains push U.S. wealth to pre-pandemic levels, Fed says

By Howard Schneider WASHINGTON (Reuters) - A rebounding stock market and massive federal aid payments pushed the net worth of U.S. households back to pre-coronavirus levels in the second quarter, the Federal Reserve reported on Monday, with savings accounts and equity portfolios both rising sharply despite the pandemic

Traders shun risky assets as new lockdowns loom
Business

Traders shun risky assets as new lockdowns loom

By Rodrigo Campos NEW YORK (Reuters) - Stocks across the world hit their lowest in seven weeks and other risk assets sold off on Monday on concerns over renewed lockdown measures in Europe and Britain, as well as the United States' inability to agree on fiscal stimulus that would support millions of unemployed. Oil prices fell nearly 5%, the dollar rallied and an index of emerging market currencies fell by the most in six months. The MSCI world equity index , which tracks shares in 49 countries, touched its lowest since Aug.

Traders shun risky assets as new lockdowns loom; stocks, oil tumble
Business

Traders shun risky assets as new lockdowns loom; stocks, oil tumble

By Rodrigo Campos NEW YORK (Reuters) - Stocks across the world hit their lowest in seven weeks and other risk assets also sold off on Monday on concerns over renewed lockdown measures in Europe and Britain, as well as the United States' inability to agree on fiscal stimulus that would support millions of unemployed. Oil prices fell more than 3%, the dollar rose against a basket of peers and an index of emerging market currencies fell by the most in six months. The MSCI world equity index , which tracks shares in 49 countries, ended at its lowest since Aug