U.S. mergers help bank fees spike to record highs
NEW YORK (LPC) – A record $1.45 trillion of US syndicated lending to companies for acquisitions, leveraged buyouts, dividends and refinancing in the first half of the year has propelled…
Sprint, T-Mobile defend proposed tie-up before U.S. Senate panel
WASHINGTON (Reuters) – T-Mobile’s planned $26 billion acquisition of rival mobile phone carrier Sprint Corp would add jobs and would not hike prices, top executives of the two companies testified…
Satellite operator Echostar builds stake in bid target Inmarsat
LONDON (Reuters) – U.S. satellite operator Echostar (SATS.O) has built a near 3 percent stake in Inmarsat (ISA.L), the British company that it is seeking to buy, stock exchange filings…
ZTE, U.S. suppliers shares tank after Senate puts Trump reprieve in doubt
HONG KONG (Reuters) – Shares of ZTE Corp and its American business partners took a hit on Tuesday after the U.S. Senate’s passage of a defense bill set up a…
AT&T wins court approval to buy Time Warner over Trump opposition
WASHINGTON (Reuters) – AT&T Inc won court approval on Tuesday to buy Time Warner Inc for $85 billion, rebuffing an attempt by U.S. President Donald Trump’s administration to block the…
GM has no projects underway with Lyft, CEO Barra says
DETROIT (Reuters) – General Motors Co (GM.N) Chief Executive Officer Mary Barra said on Tuesday the No. 1 U.S. automaker currently has no projects underway with ride-sharing company Lyft, in…
Verizon names tech chief as CEO, putting network over content
(Reuters) – Verizon Communications Inc (VZ.N) named chief technology officer Hans Vestberg as its new CEO beginning Aug. 1, surprising analysts and signaling the company’s priority is building the next-generation…
T-Mobile says ex-Trump campaign manager advising on Sprint merger
WASHINGTON (Reuters) – T-Mobile US (TMUS.O) said it is getting advice on its proposed $26 billion merger with Sprint Corp (S.N) from a lobbying firm whose staff includes several members…
U.S. Senate panel to hold hearing on Sprint T-Mobile merger
WASHINGTON (Reuters) – A U.S. Senate Committee plans to hold a hearing on June 27 on the proposed $26.5 billion merger of T-Mobile US (TMUS.O) and Sprint Corp (S.N). FILE…
Uber pulls up in Japan with taxi-hailing service
TOKYO (Reuters) – Uber Technologies plans to launch its first taxi-hailing pilot service in Japan that will connect passengers to other taxi providers, as it seeks to expand in the…