 |
 |
|
 |
 |
|
 |
 |
2011
03/19/2011
The Friendly Cellphone Monopoly
After months when markets have oscillated on the ebbs and flows of political tumult in the Middle East and natural catastrophe and near-nuclear disaster in Japan, the business world was pleasantly rocked by the announcement of a mega-deal: the planned $39 billion acquisition of T-Mobile USA by AT&T. If the deal is approved, AT&T will add nearly 35 million new subscribers and vault past Verizon to become the largest wireless carrier in the United States with about 129 million customers, surpassing Verizon’s 100 million or so.
more
03/08/2011
Don't Freak About Oil Prices!
With oil above $100 a barrel, and gas nearing $4 a gallon, doomsayers wrongly predict the end of the recovery. Zachary Karabell on how the economy no longer lives and dies with energy.
With gas prices approaching $4 at the pump and turmoil roiling Libya and other parts of the oil-rich Middle East, the past week has seen multiple warnings that rising oil prices imperil the American economy. David Rolley, a money manager who helps oversee $150 billion for the firm Loomis Sayles, is typical of the breed, declaring that higher prices at the pump "mean there is going to be less money to spend on anything else" and his firm promptly cut its forecasted growth for the U.S. economy this year to 3.1 percent from 3.5 percent.
more
03/21/2011
The Friendly Cellphone Monopoly
AT&T’s $39 billion T-Mobile purchase was quickly denounced by consumer advocates. Zachary Karabell on why the blockbuster deal may instead finally deliver the U.S. first-rate cell service.
After months when markets have oscillated on the ebbs and flows of political tumult in the Middle East and natural catastrophe and near-nuclear disaster in Japan, the business world was pleasantly rocked by the announcement of a mega-deal: the planned $39 billion acquisition of T-Mobile USA by AT&T. If the deal is approved, AT&T will add nearly 35 million new subscribers and vault past Verizon to become the largest wireless carrier in the United States with about 129 million customers, surpassing Verizon’s 100 million or so.
more
03/16/2011
Stock Plunge, Day Two: How the Dow is Dealing with Japan
For the second day in the row, the US stock market plunged, and then bounced back. Hurt, yes, but shares were not beaten, even as investors had to worry about the double whammy of concerns of nuclear contamination in Japan and a housing report that showed new home construction plunged more than it had in 27 months. On Wednesday, the Dow Jones industrial average dropped nearly 300, before ending the day down 240 points. It wasn't as big a bounce back on Tuesday, but we still didn't end the day at the lows, which was a good sign.
more