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T-Mobile agrees to acquire Sprint for $26 billion

(Reuters) – T-Mobile US Inc agreed on Sunday to acquire peer Sprint Corp, in a $26 billion all-stock deal that will combine the third and fourth largest U.S. wireless carriers and is expected to attract regulatory scrutiny over its impact on consumers. Smartphones with the logos of T-Mobile and Sprint are seen…

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German business leaders fear U.S. tariffs after Merkel-Trump talks

BERLIN (Reuters) – German business leaders voiced disappointment on Saturday over the outcome of talks between Chancellor Angela Merkel and U.S. President Donald Trump, saying they feared he would impose tariffs on steel and aluminum imports. U.S. President Donald Trump and Germany’s Chancellor Angela Merkel hold a joint news conference in the…

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U.S. judge blocks Fujifilm, Xerox merger temporarily

(Reuters) – Fujifilm Holdings Corp’s (4901.T) merger with U.S. firm Xerox Corp (XRX.N) was temporarily blocked on Friday following a court ruling, handing its activist investors a win after they sued to stop the deal. A man is silhouetted in front of Fujifilm Holdings’ logo ahead of its news conference in Tokyo,…

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Refining margins hurt Exxon, Chevron quarterly results

HOUSTON (Reuters) – Weak refining margins hurt Exxon Mobil Corp (XOM.N) and Chevron Corp’s (CVX.N) first-quarter profit, cutting into overall gains from rising oil prices. FILE PHOTO: A Chevron gas station sign is shown in Cardiff, California, January 25, 2016. REUTERS/Mike Blake/File Photo It was the second consecutive quarter that refining weakness,…

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U.S. keeps China, puts Canada on IP priority watch list

WASHINGTON (Reuters) – The Trump administration on Friday labeled 36 countries as inadequately protecting U.S. intellectual property rights, keeping China on a priority watch list and adding Canada over concerns about its border controls and pharmaceutical practices. U.S. President Donald Trump holds his signed memorandum on intellectual property tariffs on high-tech goods…

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Refining margins dent Exxon, Chevron first-quarter results

HOUSTON (Reuters) – Weak refining margins dinged first-quarter results for Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N), though Chevron’s oil production gains outshone its larger rival, which has struggled to turn operations around after recent missteps. Refining and chemical operations hurt two of the world’s largest integrated energy companies for the…

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T-Mobile, Sprint finalizing merger terms: sources

(Reuters) – U.S. wireless carriers T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) are finalizing terms as they seek to sign a merger deal in the next three days, people familiar with the matter said on Friday. A Sprint store sign is shown in El Cajon, California, U.S., August 8, 2017. REUTERS/Mike…

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