Warner and 85 billion deal is more consolidation ahead . Plus, getting that deal approved calls for scrutiny and Consumer Protection already coming from washington. Lets listen to how both ceos are pitching the transaction. And Goldman Sachs lowers outlook for corporate earnings through 2018. Why it sees Profit Growth slowing in the s p. But first up, at ts mega merger with time warner already facing scrutiny from president ial candidates and capitol hill lawmakers. Earlier on squawk at t ceo Randall Stevenson said he believes the deal will pass regulatory muster. This is one where the nature of this deal is unique from anything that weve done before. And that is a vertical integration. Its a big merger, but its a vertical integration. And as you think about the areas that have been really contentious over the last few years in our industry and in jeffs industry, theyve been horizontal mergers where the government was concerned about a competitor being taken out of the marketplace. Thi
Dime. There is a lot to get to this morning, jim. What do you want to tackle first . I think we have to first just talk about the fact that this is the overwhelming day. People are going to be making judgments and theyre too quick. People already decided to hate verizon and hate travelers. I think the most important this evening im seeing is the continued increase in oil, which is driving stocks, and a return to something we havent seen in a long time, which is if you dont do as badly as we worry about, your stock goes up, american express. Thats the classic example this quarter, right . When i go over what they said last night, they had a jump of 5 to 6 new Revenue Growth and they added new cards. Frankly, they just didnt screw it up. Verizon and travelers have been perfect. I cant speak travelers, i can always speak verizon. Verizon shares were up 12 this year or more. Its been a power house in what was a difficult period for stocks. Its still been benefiting. As for the quarter, it
Ipo for jimmy chu trading marmally higher in london after pricing itself at the lower end of its range. Google misses the mark with earnings as advertising revenue slows. Shares are sent lower in frankfurt. Apples latest iphone goes on sale in china. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Its been a turn ewe leapt week in equity markets, but it looks like were going to end on a positive note. I dont want to tempt fate but nonetheless, for now, 1. 4 on the stoxx 600. Lets look at the individual markets. As you can see, its a bounceback across the board. With the more volume title markets doing better, up 3. 6 than the bigger cap markets like germany, up 1. 5 and the ftse 100 up 1 . And i describe it as a tempered bounceback, certainly not the extent to which weve seen declines of volatility in the week. Nonetheless, in the green on friday, hopefully ending the week on a positive note. Wednesday was the extraordinary day for the u.
The developer of The Crossings asked county planners at a meeting last Thursday for a continuance so he can come back and answer outstanding questions about his residential project.
Valeria F. “Valerie” Pawlak, 87, of Dunkirk, died unexpectedly Tuesday morning, Oct. 10, 2023, at her home. She was born Jan. 25, 1936 in Buffalo, the dau