Business

Business

AT&T antitrust win may herald new wave of media mergers

WASHINGTON (AP) — Brace yourself for a likely new era of media megamergers.

AT&T's victory over the government's attempt to block its $85 billion takeover of Time Warner underscores just how much the way people watch — and pay for — TV has changed. It also highlights how corporate America wants to adapt to deal with its new environment. In short: Bigger is better.

ZTE stock falls after U.S penalties over Iran, N. Korea

BEIJING (AP) — Shares in ZTE Corp. fell 42 percent Tuesday in Hong Kong on their first trading day after the Chinese telecoms equipment maker agreed to pay a $1 billion penalty to the U.S. government and replace its top managers.

After AT&T-Time Warner win, is Comcast-Fox a done deal?

NEW YORK (AP) — Comcast will likely bid for Fox's entertainment business as early as Wednesday now that a federal judge has cleared AT&T's $85 billion takeover of Time Warner.

Producer prices up 0.5% from April

WASHINGTON (AP) — U.S. wholesale prices last month posted the biggest 12-month gain since January 2012, a sign that the strong economy is beginning to rouse inflation.

Judge's ruling on AT&T's bid for Time Warner likely to spur merger rush

NEW YORK — Now that a federal judge has cleared AT&T's $85 billion takeover of Time Warner, other companies are likely to rush to consolidate.

Tuesday's ruling signaled that federal regulators will have a hard time stopping companies from growing by gobbling up rivals and their content.

Economic adviser Kudlow suffers heart attack

NEW YORK (AP) — Larry Kudlow, the prominent economic commentator who joined the Trump administration this year as the president's top economic adviser, has suffered a "very mild" heart attack, the White House said Monday night.

Consumer prices up 0.2% in May

WASHINGTON (AP) — U.S. consumer prices rose 0.2 percent in May, with surging gasoline costs driving much of the increase.

Germany orders Daimler to recall 238,000 diesel vehicles

FRANKFURT, Germany (AP) — Germany's transport minister says the government is ordering automaker Daimler to immediately recall 238,000 vehicles equipped with software that turns off emissions controls under certain conditions.

After teasing name change, IHOP says 'b' is for burgers

NEW YORK (AP) — IHOP, which teased a name change to IHOb earlier this month, says the "b" is to promote its burger menu.

Today's Special | Asian Taste opens in Campustown

CHAMPAIGN — A new Chinese restaurant is open in Campustown.

Owners Chunqing Guan and Jennifer Lee of Urbana started up Asian Taste at 502 E. John St., C.

Lee said the restaurant wants to be known "for its modern interpretation of classic dishes and its insistence on only using high-quality fresh ingredients."