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Tuesday, May 13, 2014

Business Today: AT&T in talks to buy DirecTV for nearly $50 billion: sources

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05/13/2014
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AT&T in talks to buy DirecTV for nearly $50 billion: sources
NEW YORK/LOS ANGELES (Reuters) - AT&T Inc is in active talks to buy satellite TV provider DirecTV and may complete a deal in the next few weeks that could be worth close to $50 billion, two people familiar with the matter said on Monday.
Stock futures point to flat open after data; S&P at record
NEW YORK (Reuters) - U.S. stock index futures pointed to a flat open on Tuesday as investors found few reasons to keep pushing shares higher with major indexes coming off record closes and economic data painting a mixed picture of the economy.
Retail sales barely rise in April
WASHINGTON (Reuters) - U.S. retail sales barely rose in April and a gauge of consumer spending slipped, which could temper hopes of a sharp acceleration in economic growth in the second quarter.
UK lawmakers give Pfizer stick as it waves carrot at AstraZeneca
LONDON (Reuters) - U.S. drugmaker Pfizer hinted it could raise its proposed $106 billion offer if AstraZeneca would only engage in talks, as its boss was grilled by UK lawmakers on his commitment to British research spending and jobs.
Small business confidence back at pre-recession levels
WASHINGTON (Reuters) - U.S. small business sentiment jumped to its highest level in 6-1/2 years in April, which should bolster hopes of an acceleration in economic activity in the second quarter.
Fighting fakes: ahead of IPO, Alibaba takes a tougher line
BEIJING/SAN FRANCISCO (Reuters) - Alibaba is taking a tougher line against counterfeit items sold on its online marketplaces as the Chinese e-commerce giant heads towards a U.S. stock listing that could be the world's biggest technology company IPO.
Airbus sparks relief rally as first-quarter profit beats forecasts
PARIS (Reuters) - Airbus Group posted better than expected first-quarter earnings on Tuesday, sparking a relief rally in its shares as it dodged the impact of higher costs for its new A350 jet, which remains on track for a late-2014 debut.
E-commerce edge helps British retailers expand abroad
BERLIN/PARIS (Reuters) - Marks & Spencer Plc is making a new push to expand abroad, hoping e-commerce will give Britain's biggest clothing retailer a better chance to succeed than earlier attempts to enter new markets.
Chinese police to brief media on GlaxoSmithKline amid probe
BEIJING (Reuters) - Chinese police will brief the media on Wednesday about British drug maker GlaxoSmithKline PLC, which has been under investigation for allegedly funneling up to 3 billion yuan to travel agencies to facilitate bribes to doctors and officials.
BlackBerry aims to reverse emerging market slump with budget handset
JAKARTA/TORONTO (Reuters) - BlackBerry Ltd launched a low-cost touchscreen device in Jakarta, the Z3, as the embattled smartphone maker looks to revive sales in emerging markets like Indonesia where its once-fervent following has shriveled.
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