Canada's Telus withdraws Mobilicity bid, newspaper says
TORONTO (Reuters) - Canada's Telus Corp (T.TO) has withdrawn its bid to acquire struggling domestic wireless company Mobilicity, the Globe and Mail newspaper reported on Wednesday, citing a source it did not identify.
The Western Canada-focused telecom company has made several bids for the much-smaller company, formally known as Data & Audio-Visual Enterprises Wireless Inc, despite federal government opposition.
Telus, Mobilicity and court-appointed supervisors of the corporate restructuring weren't immediately available for comment.
WASHINGTON - The Federal Reserve on Wednesday upgraded its assessment of the U.S. economy, taking note of a decline in the jobless rate and signaling more comfort that inflation was moving up toward its target.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.