34.47 +0.13 (0.38%)
Pre-Market: 8:18AM EST
|Bid||34.42 x 500|
|Ask||34.47 x 200|
|Day's Range||34.29 - 34.75|
|52 Week Range||32.55 - 43.03|
|PE Ratio (TTM)||16.13|
|Forward Dividend & Yield||1.96 (5.66%)|
|1y Target Est||N/A|
The Justice Department departed from years of precedent on Monday when it sued to block AT&T’s planned $85 billion acquisition of entertainment giant Time Warner
Apple’s (AAPL) iPhone X supplier, Foxconn, reportedly had students illegally working overtime to assemble the flagship device. According to the Financial Times, six high school students said they worked 11-hour shifts to help assemble the tech giant’s new phone at a factory in Zhengzhou, China. The report said the six were among 3,000 students sent to work in the factory in September. Apple shares were last trading at $173.47, a few bucks shy of their all-time high hit earlier this month. The Justice Department has filed a federal lawsuit to block the $85 billion merger between AT&T (T) and Time Warner (TWX).
On Monday, AT&T confirmed the U.S. Department of Justice's decision to sue in order to block the company's plans to purchase Time Warner for $85.4 billion.
Frontier Communications (FTR) reported revenues of $2.3 billion in 3Q17, down 10.7% year-over-year but in line with the consensus estimate.
The government hasn't successfully challenged a vertical merger in decades, and this time there could be political motivations.
With its lawsuit against the AT&T-Time Warner deal and plan to roll back net-neutrality rules, the administration is fleshing out a regulatory approach: Instead of the Obama administration’s adoption of ...
PRAGUE/LONDON (Reuters) - Chinese energy and investment group CEFC has teamed up with Czech-Slovak financial group Penta Investments to buy Time Warner's (TVX.N) Central European Media Enterprises (CETV.O), three sources familiar with the matter said. One of the sources said privately-held CEFC is leading the consortium and is expected to provide the bulk of the financing for the deal which is worth about 500 million euros (£443.7 million).
Michael Wolf, Activate CEO and co-founder, provides insight to the future of M&A deals in the media businesses after the Justice Department moved to block AT&T's acquisition of Time Warner.
CNBC's Julia Boorstin reports the Justice Department's move to block AT&T's acquisition of Time Warner could have a ripple effect throughout the media space.