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AT&T-Time Warner Case: How the Biggest Antitrust Trial in Years Could Play Out
The Justice Department's case to block AT&T and Time Warner's $85 billion blockbuster merger heads to trial this week, with opening statements expected on Thursday. The case is being billed as one of the most important antitrust trials in years. Judge Leon has experience in antitrust disputes, giving final approval of Comcast's merger with NBCUniversal in 2011 - a case that many have looked to for precedent.
G20 sees need for 'dialogue,' fails to diffuse trade war threat
The world's financial leaders rejected protectionism on Tuesday and urged further dialogue on trade, but failed to diffuse the threat of a trade war days before US metals tariffs take effect and Washington is to announce measures against China. We reaffirm the conclusions of our leaders on trade at the Hamburg Summit and recognize the need for further dialogue and actions. We are working to strengthen contribution of trade to our economies, the final G20 ministers' statement said.
Cambridge Analytica CEO claims influence on U.S. election, Facebook faces questions
Cambridge Analytica said on Tuesday its board of directors suspended CEO Alexander Nix, shortly before the second part of British broadcaster Channel 4's expose of the firm's methods. US Senator Dianne Feinstein, the top Democrat on the Judiciary Committee, called on Tuesday for Facebook CEO Mark Zuckerberg to testify in Congress. A Congressional official said House Intelligence Committee Democrats plan to interview Cambridge Analytica whistleblower Christopher Wylie. Facebook said Kogan then violated its policies by passing the data to Cambridge Analytica.
Salesforce to buy MuleSoft in $6.5 billion deal
Salesforce.com Inc (CRM.N) said on Tuesday it would buy software maker MuleSoft Inc (MULE.N) for about $6.5 billion, including debt. MuleSoft shareholders would get $36 in cash and 0.0711 of a Salesforce share for each share, or a price of $44.89 per share. The per-share price represents a premium of 36 percent to Mulesoft's Monday close. Reuters had reported about the deal earlier on Tuesday.
Francis Bator, Influential White House Economist, Dies at 92
Francis M Bator, a White House economist who nudged the Johnson administration toward a closer collaboration with Western Europe while reconciling with the Soviet Union and its Communist satellites, died on Thursday in Dedham, Mass. He had been struck by an automobile in January while crossing the street and never recovered, his son, Christopher, said. In Washington, Professor Bator proposed federal programs and policies that were later incorporated into President Lyndon B Johnson's War on Poverty.
Wall Street advances on energy bump; Facebook woes continues
US stocks advanced modestly on Tuesday as higher oil prices lifted the energy sector, but another slump in Facebook Inc (FB.O) shares curbed gains. SPNY rise 0.84 percent, making it easily the best performing of the 11 major S&P 500 sectors. That is really what the fear is, said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey. Said Saluzzi, referring to the low interest rate environment the Fed put into effect after the financial crisis.
General Electric announces 225 orders for refurbished locomotives
General Electric Co's (GE.N) transportation unit said on Tuesday several North American railroads have placed orders this year for 225 refurbished locomotives, although it declined to say which railroads ordered the equipment. GE also said in a statement that it will deliver 80 modernized locomotives previously ordered by Canadian Pacific railway Co and 100 to Norfolk Southern Corp (NSC.N) in 2018. The orders were the latest evidence of major railroads seeking to control costs by refurbishing aging machinery instead of purchasing new engines.
Defendants Like Shkreli Find Saying Sorry Is No Longer Enough
Martin Shkreli, nickname the Pharma Bro for raising the price of a decades-old drug more than 50-fold, was convicted on three counts of securities fraud and conspiracy. At his sentencing, a tearful Mr Shkreli told the court that he was there because of my gross, stupid and negligent mistakes. Instead, Judge Matsumoto imposed a seven-year prison term, finding that Mr Shkreli had engaged in an egregious multitude of lies. White-collar defendants also stand little chance of being in positions to commit a similar offense again.
BMW Offices Raided by Authorities in Emissions-Cheating Investigation
Prosecutors in Munich searched BMW's headquarters on Tuesday as part of their continuing investigation into an emissions-cheating scandal that has badly damaged other German carmakers. If so, the risk to Germany's car industry, and to the nation's broader economy, would increase sharply. This month, prosecutors in Braunschweig, Germany, conducted the latest in a series of raids at Volkswagen's headquarters in nearby Wolfsburg. Daimler could be subject to significant monetary penalties, its report said, adding that it could suffer significant collateral damage including reputational harm.
Toys 'R' Us says 'making every effort' to pay vendors
Toys 'R' Us had been trying to reorganize under US Chapter 11 but last week said those efforts had failed and it was quickly running out of cash. We're making every effort to make sure will be paid in full, Lazard's David Kurtz, who is advising Toys 'R' Us, testified at a hearing at US Bankruptcy Court in Richmond, Virginia. Toys 'R' Us was the last remaining specialty toy retailer in the United States.
Tesla denies Musk in talks with Israeli AI vision firm Cortica
US electric car company Tesla Inc (TSLA.O) said on Tuesday that Chief Executive Elon Musk, who was visiting Israel, did not discuss a collaboration with artificial intelligence firm Cortica. The reports that Musk was in Israel to discuss a collaboration between Tesla and Cortica are completely false, he was in Israel, but not to meet or have discussions with Cortica, said a Tesla spokesman based in Palo Alto, Ca.
Once an S.E.C. Regulator, Now Thriving as a Lawyer for Whistle-Blowers
Mr Thomas had another plan: He wanted to build a law practice representing whistle-blowers seeking to expose corporate wrongdoing. He has built one of the top legal practices in the country representing corporate whistle-blowers. Another 10 cases either have awards pending or are in the application process after the SEC took action based on their tips.
Cropped Cuts for Everyone
Inside, one hairdresser is disrupting the conventions of cropped haircuts. One of the most popular cuts is a pattern undercut, with designs shaved into a buzz cut at the back of the head. It's like painting, Ms Vanova said, pointing to a poster of the various cuts in her repertoire as customers sat patiently waiting behind her. Other popular short cuts include variations on the bowl cut, the pixie cut and the Eton crop - short at the back and topped with dyed waves.
Peter G. Peterson, a Power From Wall St. to Washington, Dies at 91
Mr Peterson was one of the few captains of business whose reach extended into the public sphere. Blackstone would become a major player on Wall Street and provide the means for Mr Peterson, the son of a once-penniless immigrant, to earn a fortune. Mr Shultz later held three cabinet posts under President Ronald Reagan and was instrumental in bringing Mr Peterson to Washington. In 1980, Mr Peterson married Joan Ganz Cooney, the founder of the Children's Television Workshop, producers of Sesame Street.
Ex-Playboy Model Sues to Break Silence on Trump
In an email to The New York Times, her new lawyer, Peter K Stris, accused AMI of a multifaceted effort to silence Karen McDougal. Mr Trump joined a legal effort last week seeking some $20 million in penalties tied to Ms Clifford's agreement. Mr Davidson informed her that AMI would buy her story but not publish it because of Mr Pecker's relationship with Mr Trump, the suit says.
How Researchers Learned to Use Facebook 'Likes' to Sway Your Thinking
Perhaps at some point in the past few years you've told Facebook that you like, say, Kim Kardashian West. That allowed researchers to cross-reference the results of the quiz - numeric Ocean scores - with the users' Facebook likes, and build a model from the correlations they found between the two. With that model, the researchers could often make precise guesses about subsequent users' personalities using only a list of their likes, no 100-question quiz necessary.

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