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AT&T’s buyout of T-Mobile faces steep regulatory hurdles

NEW YORK (AFP) – AT&T’s $39 billion acquisition of T-Mobile USA is going to be put under a microscope by US anti-trust authorities but the telecom giant is certain it will stand up to examination. “We’re very confident it will be approved,” AT&T chief executive Randall Stephenson said Monday of…

AT&T, Deutsche Telekom stocks rise on takeover

NEW YORK – Investors gave the thumbs up to AT&T’s purchase of Deutsche Telekom’s T-Mobile USA Monday, sending shares in both firms higher. AT&T’s share price was up 1.2 percent at the close, as traders welcomed the prospect of the firm becoming the largest US mobile phone company. In Frankfurt,…

White House backs online ‘privacy bill of rights’

WASHINGTON (AFP) – The White House urged Congress on Wednesday to approve a “consumer privacy bill of rights” that would regulate the collection and use of personal data on the Internet. Assistant Commerce Secretary Lawrence Strickling called for the legislation at a hearing on online privacy held by the Senate…

Coal giant upset over loss of mountaintop mine permit

WASHINGTON – The withdrawal of a permit for a controversial “mountaintop removal” coal mining operation has sparked outrage in the US industry, but was hailed as a victory for environmental protection and the health of nearby communities. The move Thursday by the Environmental Protection Agency (EPA) to revoke licenses for…

Democratic senator: Get rid of Fox, MSNBC to improve political discourse

A Democratic senator strayed from his prepared remarks at a Senate committee hearing about television retransmission, saying that a “little bug” inside him wants to see the end of Fox News and MSNBC because of what he sees as a pollution of political discourse. “There’s a little bug inside of…

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