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 August 31, 2011 Afternoon Update |
 TOP NEWSU.S. Moves to Block Merger Between AT&T and T-MobileBy EDWARD WYATTThe Justice Department filed a complaint to stop AT&T's proposed $39 billion acquisition of T-Mobile, saying it could lessen competition. The CaucusObama Seeks Joint Session; Conflicts With G.O.P. DebateBy HELENE COOPERIn a challenge to Republicans, President Obama requested a joint session of Congress to talk about the economy on the same evening they have a presidential debate scheduled. Aid Workers Reach Vermont Towns Cut Off by FloodwatersBy DIRK VAN SUSTERENVehicles carrying supplies were able to get into all but one of 13 Vermont towns that have been isolated since this weekend without running water or power. Irene's Cost May Reach $1 Billion, Cuomo SaysBy KIRK SEMPLE and NOAH ROSENBERGGov. Andrew M. Cuomo said that he expected damage in New York to reach "close to $1 billion." Magazine PreviewSyria's Sons of No OneBy ANTHONY SHADIDSyria's rebel youth have had to teach themselves everything. |
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BUSINESSDealBookThe Justice Department Versus Deal MakersBy BEN PROTESSAs government sues to block AT&T's deal with T-Mobile, here is a look at how other proposed mergers have played out with the nation's top antitrust regulator. Police Raid BP Offices in MoscowBy ANDREW E. KRAMERThe timing of the raid is significant for another oil company - ExxonMobil - which a day earlier agreed to take over the Arctic deal that had fallen through for BP. Wall Street Gains Push Dow Up for the YearBy CHRISTINE HAUSERThe only dip in the broader market was in the telecommunications sector, which was dragged down after the Justice Department moved to block AT&T's proposed acquisition of T-Mobile. DealBookSony, Hitachi and Toshiba to Merge LCD UnitsBy HIROKO TABUCHIThe three companies announced on Wednesday that they would work with a government-backed fund to spin off and merge their liquid crystal display businesses, joining forces in the face of rising global competition. India Measures Itself Against a China That Doesn't NoticeBy VIKAS BAJAJMeasuring the country's economic development against that of China seems to be a national obsession in India, but the rivalry appears to be largely one-sided. |
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