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US can’t stop AT&T deal or TV’s balkanisation

Changes in the TV-entertainment industry’s competitive dynamics are already causing consumer frustration through channel blackouts and general difficulty finding content. The US Department of Justice has fixated on the role played by the gargantuan AT&T Inc.-Time Warner Inc. merger, but its Hail Mary attempt to undo the deal appears doomed to failure. In June, AT&T won a long-fought trial over ...

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Mark Zuckerberg is more ruthless than clueless

Lawmakers in the United Kingdom released a trove of Facebook Inc. documents that provide an intriguing glimpse inside the company — and obliterate any remaining notions of its chief executive officer as an innocent babe in the woods. As Nate Lanxon and Sarah Frier wrote, internal emails show Facebook wielding user data like a “commodity that could be harnessed in ...

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Stocks rally on US-China trade wagers; oil gains

Bloomberg US equities rallied with European stocks on optimism about the prospects for success in American-Chinese trade talks. Tech shares and automakers led the S&P 500 Index higher after China was said to move towards cutting tariffs on US-made cars. The Stoxx Europe 600 Index surged the most in eight months. The dollar was steady while Treasuries and core European ...

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