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Cohen glitch humbles AT&T’s vaunted US lobbying team

Bloomberg AT&T Inc. has few peers when it comes to corporate influence in Washington. But like the rest of the nation’s capital, it was caught on the outside looking in by Donald Trump’s election triumph. The Dallas-based telecom giant spent more than $350 million on advocacy in the past 20 years — including nearly $17 million last year alone. That ...

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Britain’s construction output plunges as snow stalls projects

Bloomberg UK construction output plunged in March after heavy snow brought swathes of the country to a standstill. Work volumes in the building industry declined 2.3 percent from February, rounding off the weakest quarter in almost six years, the Office for National Statistics said. Separate figures showed manufacturing output declined 0.1 percent in March, a second month of contraction, though ...

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Virgin Money soars after rival’s $2.2 billion play for bank

Bloomberg Virgin Money Holdings UK Plc, soared after receiving a 1.6 billion-pound ($2.2 billion) preliminary offer from rival CYBG Plc, as potential consolidation among smaller banks accelerates. CYBG, which lends to consumers and small-medium enterprises, is eyeing the Richard Branson-backed bank to give it greater scale, potential cost savings and access to its presence on the high street. Virgin Money’s ...

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