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AT&T to buy Time Warner for $85 billion, create telecom-media giant

NEW YORK AT&T Inc said on Saturday it agreed to buy Time Warner Inc for $85.4 billion, the boldest move yet by a telecommunications company to acquire content to stream over its high-speed network to attract a growing number of online viewers.

Recent Business News

New York governor approves new regulations on Airbnb

New York Governor Andrew Cuomo approved legislation on Friday that would place new regulations on online home rental companies like Airbnb.

U.S., Tech Oct 21 2016

Piech, Porsche families say united behind VW management: Spiegel

FRANKFURT The Piech and Porsche families that control more than 52 percent of Volkswagen have vowed to back senior management, setting aside past disputes as the carmaker struggles to overcome an emissions scandal, Der Spiegel reported on Saturday.

Oct 22 2016

Samsung placing product images in Youku videos, targeting Chinese viewers

NEW YORK Advertising technology company Mirriad says it is working with Samsung Electronics Co Ltd and China's video site Youku to market Samsung products to Chinese viewers who are gravitating toward streaming video content.

Tech, China Oct 21 2016

New NYC law, San Francisco lawsuit highlight global risks for Airbnb

SAN FRANCISCO/BERLIN Airbnb, the online lodging service that investors now believe is worth $30 billion, faces a reckoning.

U.S., Tech Oct 21 2016

Bombardier to cut 7,500 more jobs through 2018, mostly in rail

MONTREAL Bombardier Inc said on Friday it would cut 7,500 jobs, mostly in its train-making division, in a second round of layoffs announced this year, following extended delays and budget overruns in its aerospace business.

Oct 21 2016


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