Apparently someone is thinking in Washington: The U.S. government sued to block AT&T Inc.’s proposed $39 billion acquisition of T-Mobile USA Inc., saying the deal would “substantially lessen competition” in the wireless market. The Justice Department complaint was filed today in federal court inWashington. The U.S. is seeking a declaration that Dallas-based AT&T’s takeover of […]
Last week news broke that Sen. Richard Shelby had placed a hold on almost all of President Obama’s nominees in lieu of getting funding for some of his pork projects. Now he has retreated: Republican Sen. Richard Shelby of Alabama will stop blocking Senate confirmation of about 70 government appointees nominated by President Barack Obama, […]
AT&T Inc. plans to cut up to 10,000 jobs, mostly through attrition, if its $67 billion purchase of BellSouth Corp. goes through, AT&T’s chief financial officer said Monday. The work force reduction would take place over three years, AT&T’s Rick Lindner said on a conference call. The acquisition is expected to close next year. Before […]