Pitch as its expected to field acquisition offers this week. And unexpected fireworks from the Vice President ial debate last night. Well look at the highlights and the impact on the campaign. Amazon hitting another alltime high yesterday. Announcing prime reading, which unlocks thousands of kindle books for free. What that means for the industry. But first up, twitter shares rising in the premarket amid some increasing talk about a possible sale of the company. Comes more than a week after david broke the news that twitter has received expressions of interest from a number of Tech Companies that are considering whether to make a bid for the social media company. Little more color being flushed out by some regarding splits on the board between av and dorsey, the role nodas had in sort of driving morale. Yeah, interesting story from bloomberg. Our reporting sort of is where it was, you know, perhaps it is this week as i last reported. There was a formalization, more or less of a process
And spain and france. Strong gains across europe. And look at crude, which is set for weekly gains, up by 1. 25 on the week. Showing just about that gain today. We got surprising inventory builds yesterday. Traders seem to be taking in stride. The u. S. Treasury department issuing final rules to crack down on those tax inversions. Thats when a company is acquired by a smaller foreign business in a low tax country to avoid paying the higher u. S. Corporate tax rate. The new rules crack down on earnings stripping when the u. S. Subsidiary avoids taxes on domestic operations by sending them overseas as tax deductible payments. Got that . Sara eisen does. This is clearly becoming a signature issue for the treasury secretary, for this administration. And what he issued yesterday were new rules to crack down on tax avoiding companies. This earnings stripping strategy, its a common practice by inverted companies, they use the u. S. Subsidiary to issue loans from the Foreign Company that are t
Europe it will head to the u. S. Matt it is all straight ahead on bloomberg best. Matt hello and welcome. I am matt miller. This is bloomberg best your , weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. The week began with a blockbuster media merger as at t announced its intention to buy cable giant time warner. Now to the big deal everyone is talking about. At t agreed to buy time warner for 85. 4 billion. Is this even possible . It is possible. You just have to turn the clock back 18 months or so, when at t bought directv. That was another Large Purchase for at t and this deal is bigger. The deals have something in common, a lot of people invest at t t or indexes with because of their dividend so they look for companies that are Free Cash Flow positive that will turn money so they can keep paying everincreasing dividends. At t is still ultimately seen as a utility to many investors. Directv and time warner are big
Europe it will head to the u. S. Matt it is all straight ahead on bloomberg best. Matt hello and welcome. I am matt miller. This is bloomberg best your , weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. The week began with a blockbuster media merger as at t announced its intention to buy cable giant time warner. Now to the big deal everyone is talking about. At t agreed to buy time warner for 85. 4 billion. Is this even possible . It is possible. You just have to turn the clock back 18 months or so, when at t bought directv. That was another Large Purchase for at t and this deal is bigger. The deals have something in common, a lot of people invest at t t or indexes with because of their dividend so they look for companies that are Free Cash Flow positive that will turn money so they can keep paying everincreasing dividends. At t is still ultimately seen as a utility to many investors. Directv and time warner are big
Matt it is all straight ahead on bloomberg best. Matt hello and welcome. I am matt miller. This is your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. The week began with a blockbuster media merger as at t announced its intention to buy cable giant time warner. Now to the big deal everyone is talking about. At t agreed to buy time warner for 85. 4 billion. Is this even possible . It is possible. You just have to turn the clock back 18 months or so, when at t bought directv. A a lot of people invest in at t or in indices associated with it. At t is ultimately seen as a utility to many investors. Directv and time warner are big, large moneymaking machines. People talk about vertical integration. Theres this thought that vertical integration brings the cost down for consumers. But this is basically at t adding another asset into their bundle. A lot of industries are effectively in decline, whether it is the time warn