AT&T Inc. (NYSE: T) plans to buy DirecTV for $48.5 billion to gain more than 38 million video subscribers in the United States and in Latin America.
Germany’s Siemens AG (SIE.DE) is maneuvering to beat General Electric’s (GE) $13 billion offer to acquire France’s train and energy asset producer Alstom SA (ALO).
Advocates of comprehensive tax reform in the United States should expect to start over in the next Congress due to the dim prospects that anything major will happen before the current legislative year ends in December, a key U.S. senator said.
The Obama administration is fumbling diplomatically in its response to the growing threat to Ukraine, as well as holding back the economic recovery with its faulty fiscal policies, former U.S. Republican Sen. Judd Gregg told attendees at the recent Atlantic Economy Summit.
Confirmation that governments are squandering money on ill-advised programs fueled by the easy-money policies of central banks worldwide became all-too-evident earlier this week when a European business leader responded to a question I posed at a press briefing.
The amount of debt globally has soared more than 40 percent to $100 trillion since the first signs of the financial crisis as governments borrowed to spend their economies out of recession and companies took advantage of record low interest rates.