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Analysts: Antitrust suit a huge blow for AT&T

The decision by US authorities to challenge AT&T’s $39 billion takeover of T-Mobile is a bitter blow for the US telecoms giant, but it could benefit consumers, analysts said. As it filed a lawsuit to block the takeover on Wednesday, the US Department of Justice said the takeover bid —…

NJ Gov. Christie: Hurricane Irene damage could be ‘tens of billions’

NEW YORK — Hurricane Irene is expected to inflict tens of billions of dollars in damage before it concludes a three-day sweep that has left a trail of havoc from Atlantic beach resorts to Manhattan high rises, officials and others said Sunday. Assessments were just starting to come in, but…

Debt deal offers only small blessings for economy

WASHINGTON (Reuters) – The tentative deal to avoid a crushing debt default is at best a mild relief for the U.S. economy that nearly stalled in the first half of the year and has yet to show signs of any realistic pickup. The plan for $2.4 trillion in spending cuts…

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