M&A gates open with judge's blessing on AT&T-Time Warner merger

(Reuters) - A federal judge on Tuesday gave a ringing endorsement to AT&T Inc's planned acquisition of Time Warner Inc without any conditions, opening the door for companies such as Comcast Corp and Verizon Communications Inc to pursue deals to buy creators of media content.

Fox shares pop ahead of expected Comcast bid

(Reuters) - Twenty-First Century Fox Inc's shares hit a record high on Wednesday as approval for AT&T Inc's $85 billion buyout of Time Warner Inc spurred speculation that Comcast Corp would make an offer for most of Fox's assets.

UAW elects new leader to face contract talks, federal probe

DETROIT (Reuters) - The union that represents factory workers at the Detroit Three automakers elected regional director Gary Jones as its new president on Wednesday, ahead of tough 2019 contract talks likely to coincide with declining U.S. sales of new vehicles.

Fed lifts rates amid stronger inflation, drops crisis-era guidance

WASHINGTON (Reuters) - The Federal Reserve raised interest rates on Wednesday, a move that was widely expected but still marked a milestone in the U.S. central bank's shift from policies used to battle the 2007-2009 financial crisis and recession.

After nine years of U.S. recovery, Fed's anxieties finally fade

NEW YORK (Reuters) - The Federal Reserve is guiding a U.S. economy that is as close to ideal as it could have dreamed a decade ago, when the darkest days of the recession forced it to take big risks to protect workers, banks and economies around the world from further devastation.

Volkswagen fined one billlion euros by German prosecutors over emissions cheating

BERLIN (Reuters) - Volkswagen was fined one billion euros ($1.18 billion) over diesel emissions cheating in what amounts to one of the highest ever fines imposed by German authorities against a company, public prosecutors said on Wednesday.

Treasury yields jump, dollar strengthens on Fed decision

NEW YORK (Reuters) - U.S. Treasury yields jumped and the dollar pared earlier losses on Wednesday after the Federal Reserve raised interest rates and signalled that two more hikes could be coming this year.

Gasoline leads broad increase in U.S. producer inflation

WASHINGTON (Reuters) - U.S. producer prices increased more than expected in May, leading to the biggest annual gain in nearly 6-1/2 years, the latest sign of a gradual building up of inflation pressures.

Cryptocurrency tether used to boost bitcoin prices, study finds

NEW YORK (Reuters) - There is evidence that tether, a digital currency pegged to the U.S. dollar, may have been used to manipulate the price of bitcoin <BTC=BTSP> and other cryptocurrencies, according to a research paper released by the University of Texas on Wednesday.

Oil rises as U.S. inventories fall on strong demand

NEW YORK (Reuters) - Oil prices turned positive on Wednesday after a bigger-than-expected decline in U.S. crude inventories along with surprise drawdowns in gasoline and distillates indicated strong demand in the world's top oil consumer.

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UK court rules 'gig' plumber entitled to worker rights

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Breakingviews TV: Screen burn

June 13 - What’s next after AT&T got the green light to buy Time Warner? More deals are likely, but the logic and benefit for viewers is uncertain at best, argues Jen Saba. Meanwhile, the shadow of Netflix continues to loom.
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