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US wants T-Mobile-Sprint deal to create national competitor

Bloomberg Top Justice Department officials want T-Mobile US Inc and Sprint Corp to lay the groundwork for a new wireless carrier — with its own network — as a condition to clearing their $26.5 billion merger, according to a person familiar with matter. The two companies have been pondering additional concessions that could help win Justice Department approval for their ...

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US goods-trade gap widens to $72.1bn

Bloomberg The US merchandise-trade deficit widened for a second month to the highest level since a record in December as exports dipped. The goods-trade gap grew to $72.1 billion in April from $71.9 billion the month earl-ier, according to Commerce Department figures, slightly undershooting economist estimates for an increase in the deficit to $72.7 billion. The figures precede this month’s ...

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BMW’s $1 billion factory caught in Mexican standoff

Bloomberg President Donald Trump’s vow to impose a 5 percent tariff on Mexican goods comes just in time to hit exports from a $1 billion BMW AG factory that opens in the country next week. A swathe of the 3-Series sedans to be made at the plant in San Luis Potosi are destined for US dealers. Higher duties mean a ...

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