Friday 22 September 2017

Breaking business news: Exclusive: T-Mobile, Sprint close to agreeing on deal terms - sources

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Friday, September 22, 2017
Exclusive: T-Mobile, Sprint close to agreeing on deal terms - sources
(Reuters) - T-Mobile US Inc is close to agreeing tentative terms on a deal to merge with Sprint Corp , people familiar with the matter said on Friday, a major breakthrough in efforts to merge the third and fourth largest U.S. wireless carriers.
Fed officials in muddle over permanent vs temporary inflation lull
OKLAHOMA CITY (Reuters) - Federal Reserve officials with competing views about inflation laid out on Friday the quandary facing U.S. policymakers as they wrestle over whether a recent dip in the pace of price increases is trivial, or the result of global forces that could permanently throw off the Fed's policy calculus.
'Unfit' Uber stripped of London license
LONDON (Reuters) - London deemed Uber unfit to run a taxi service on Friday and stripped it of its license to operate from the end of next week in a major blow to the U.S. firm and 3.5 million users in one of the world's wealthiest cities.
Wall Street edges up, shaking off healthcare, North Korea worries
NEW YORK (Reuters) - The S&P 500 closed slightly higher on Friday even though Apple was a drag, as worries about Washington's latest healthcare legislation proposal eased and investors shrugged off concerns about North Korea.
Wall Street lukewarm on Chipotle's new 'queso' amid customer scorn
LOS ANGELES (Reuters) - Chipotle Mexican Grill Inc's new "queso" cheese sauce is going over better on Wall Street than on Twitter, where one person called it a "crime against cheese."
Native American tribe moves to dismiss Allergan patent case
(Reuters) - A Native American tribe holding patents for drugmaker Allergan Plc on Friday moved to dismiss a case brought by generic drug company Mylan NV challenging the patents.
Time Inc in talks to sell assets; warns on third-quarter ad revenue softness
(Reuters) - Time Inc said on Friday it was looking to sell several assets, including Time Inc UK, and warned it experienced more-than-anticipated softness in both print and advertising revenue during the current quarter.
Facebook drops Class C plan: shareholder attorney
WILMINGTON, Del. (Reuters) - Facebook Inc has dropped its plan to issue Class C stock, according to an attorney who sued the company on behalf of a Facebook shareholder because the plan would have allegedly extended founder Mark Zuckerberg's control over the company.
Diesel's disgrace brings hybrids-for-all in race to electrify
FRANKFURT (Reuters) - Carmakers squeezed between carbon emissions cuts and falling sales of fuel-efficient diesels have used the Frankfurt auto show to spotlight a future generation of electric cars that will largely come too late to help them out of their bind.
Ryanair crisis exposes low-cost scramble for senior pilots
DUBLIN/BERLIN (Reuters) - Ryanair blames an internal "cock up", but its cancellation of 2,000 flights exposes the struggle that low-cost carriers face as they risk growing faster than their ability to recruit experienced pilots.
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