The Justice Department’s bid to block AT&T’s proposed $39 billion purchase of T-Mobile USA was widely anticipated by antitrust experts, and the government is likely to succeed in thwarting the deal, a former top communications regulator tells The Lookout. “Any objective antitrust lawyer expected this,” Reed Hundt, a former chair of the Federal Communications Commission,
Continue reading …The U.S. government is suing to block AT&T’s proposed $39 billion purchase of T-Mobile USA, on the grounds that it would “substantially lessen competition” in the wireless market, the Justice Department announced minutes ago. “AT&T’s elimination of T-Mobile as an independent, low- priced rival would remove a significant competitive force from the market,” the government
Continue reading …The cash-strapped federal government needs all the revenue it can get–but that hasn’t stopped some companies from doing their utmost to reduce their tax bills. A new study finds that at least 25 major U.S. firms paid less in corporate taxes last year than they paid their CEO, the New York Times reports. Among the
Continue reading …Twelve men and three women were arrested Tuesday after a headscarf ban at a New York theme park angered some of the 3,000 Muslims celebrating the end of Ramadan at the facility. The New York Daily News says a woman who was seeking a refund after she learned of the ban began arguing with the
Continue reading …Private employers added fewer jobs in August than in July, a new survey found. The news likely will tamp down expectations for the official jobs report, due out from the government Friday. The payroll processor ADP reported that private employers added 91,000 jobs last month. That’s down from a revised gain of 109,000 jobs in
Continue reading …Welcome to First Look, our daily roundup of early-bird news: • A defense of standardized tests. (Miller-McCune) • Obama may unveil a housing plan next week. (Reuters) • Syrian hackers took over Columbia University’s Facebook page. (Washington Post) • Two top officials who ran the federal “Fast and Furious” operation that sold guns to drug traffickers via straw buyers
Continue reading …Welcome to First Look, our daily roundup of early-bird news: • A defense of standardized tests. (Miller-McCune) • Obama may unveil a housing plan next week. (Reuters) • Syrian hackers took over Columbia University’s Facebook page. (Washington Post) • Two top officials who ran the federal “Fast and Furious” operation that sold guns to drug traffickers via straw buyers
Continue reading …Welcome to First Look, our daily roundup of early-bird news: • A defense of standardized tests. (Miller-McCune) • Obama may unveil a housing plan next week. (Reuters) • Syrian hackers took over Columbia University’s Facebook page. (Washington Post) • Two top officials who ran the federal “Fast and Furious” operation that sold guns to drug traffickers via straw buyers
Continue reading …Welcome to First Look, our daily roundup of early-bird news: • A defense of standardized tests. (Miller-McCune) • Obama may unveil a housing plan next week. (Reuters) • Syrian hackers took over Columbia University’s Facebook page. (Washington Post) • Two top officials who ran the federal “Fast and Furious” operation that sold guns to drug traffickers via straw buyers
Continue reading …A 15-year-old from Syracuse, Anthony Stewart, was sentenced to 2 to 6 years in a juvenile detention facility by Judge William Walsh of Onandaga County for a robbery in which the teenager took a mere 7 cents. Walsh said he issued the harsh sentence because Stewart declined to plead guilty, choosing to fight the charges.
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