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U.S. sues to stop AT&T buying Time Warner, says would hike rates

WASHINGTON The U.S. Department of Justice sued AT&T Inc on Monday to block its $85.4 billion acquisition of Time Warner Inc , saying the deal could raise prices for rivals and pay-TV subscribers while hampering the development of online video. | Video

Recent Business News

Amsterdam, Paris win post-Brexit EU agencies in lucky dip

BRUSSELS Amsterdam and Paris won the right to host two EU agencies that must leave London because of Brexit after an extraordinary ministerial meeting in Brussels that left both results decided by drawing lots from a fishbowl. | Video

3:26pm EST

Nebraska clears path for Keystone XL pipeline, challenges remain

LINCOLN, Neb./CALGARY, Alberta Nebraska regulators approved a route for TransCanada Corp's Keystone XL pipeline through the state on Monday, removing a big regulatory obstacle for the long-delayed project backed by President Donald Trump, but leaving its future shrouded in legal and market uncertainty. | Video

Uber hit with $8.9 million fine in Colorado over unqualified drivers

Colorado regulators on Monday fined Uber $8.9 million, saying the ride-services company allowed 57 people to drive for it although they lacked valid driver's licenses or had committed other offenses that would have disqualified them.

5:27pm EST

21st Century Fox in $90 million settlement tied to sexual harassment scandal

Twenty-First Century Fox Inc has reached a $90 million settlement of shareholder claims arising from the sexual harassment scandal at its Fox News Channel, which cost the jobs of longtime news chief Roger Ailes and anchor Bill O'Reilly.

6:08pm EST

Bitcoin hits record high after smashing through $8,000 for first time

LONDON Bitcoin hit a new record high on Monday after smashing through the $8,000 level for the first time over the weekend, marking an almost 50 percent climb in just eight days.

9:44am EST

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