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Asian stocks subdued, dollar hovers near nine-month high

TOKYO Asian stocks were subdued early on Monday after Wall Street's sluggish performance at the end of last week, while the dollar hovered near nine-month highs as fresh comments from a Federal Reserve official boosted bets of a rate hike by year-end.

Recent Business News

AT&T-Time Warner may signal start of new media industry consolidation

WASHINGTON/NEW YORK The tie-up of AT&T Inc and Time Warner Inc , bringing together one of the country's largest wireless and pay TV providers and cable networks like HBO, CNN and TBS, could kick off a new round of industry consolidation amid massive changes in how people watch TV.

Tech, Deals 5:39pm EDT

Wells Fargo's corporate responsibility chair resigns from private equity firm

NEW YORK Federico Pena, a member of Wells Fargo’s board of directors and chairman of its corporate responsibility committee, has resigned from an advisory position with Vestar Capital Partners, a private equity firm.

8:09pm EDT

Senate committee on antitrust to 'carefully examine' AT&T-Time Warner deal

WASHINGTON An acquisition of Time Warner Inc by AT&T Inc. could raise significant antitrust issues that the U.S. Senate committee on antitrust would carefully examine, the chairman and ranking member of the committee said Sunday.

Tech, Deals 10:57am EDT

Rockwell broadens its reach with $6.4 billion purchase of B/E Aerospace

After two years of looking to expand, aircraft component maker Rockwell Collins Inc has struck a deal to buy aircraft interior maker B/E Aerospace Inc for $62 a share in cash and stock, the companies said on Sunday.

TD Ameritrade and TD bank nearing $4 bln deal to buy Scottrade- source

TD Ameritrade Holding Corp and Toronto-Dominion Bank are nearing buying Scottrade Financial Services [SCTRD.UL] in a $4 billion deal, a source familiar with the matter said.

6:12pm EDT


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