Edition:
United Kingdom

Diane Bartz

UPDATE 3-U.S. post office loss doubles as it warns COVID-19 will hit its finances

08 May 2020

WASHINGTON, May 8 The U.S. Postal Service on Friday said its losses more than doubled to $4.5 billion in the quarter ending in March and warned the economic slowdown spurred by the spread of COVID-19 could severely hurt its finances over the next 18 months.

Textbook companies Cengage, McGraw-Hill scrap merger

04 May 2020

WASHINGTON Cengage and McGraw-Hill, the No. 2 and 3 largest U.S. college textbook companies, terminated their merger agreement on Monday under pressure from U.S. and British antitrust enforcers.

U.S. senator urges criminal probe of Amazon.com 'predatory data practices'

28 Apr 2020

WASHINGTON Senator Josh Hawley urged the Justice Department on Tuesday to open a criminal probe of Amazon.com Inc, saying the online retailer was building a monopoly using "predatory data practices" on vendors using its platform.

Trump threatens to block aid for U.S. Postal Service if it does not raise prices for Amazon

25 Apr 2020

WASHINGTON President Donald Trump on Friday threatened to block federal aid for the U.S. Postal Service unless it raises shipping rates for online companies like Amazon.com, prompting criticism that the move would hurt consumers relying more than usual on packages during the coronavirus outbreak.

U.S. sues to force Altria to unwind investment in Juul

02 Apr 2020

WASHINGTON The U.S. Federal Trade Commission said on Wednesday it had filed a complaint aimed at forcing Marlboro maker Altria Group to sell its investment in e-cigarette maker Juul Labs Inc.

T-Mobile completes merger with Sprint

01 Apr 2020

T-Mobile US Inc said on Wednesday it officially completed the $23 billion merger with Sprint Corp, solidifying its position as the No.3 wireless providers in the United States. | Video

Trump says reopen by Easter, Corporate America says not so fast

26 Mar 2020

(This March 25 story corrects paragraph 11 to show Sean Kennedy represents the National Restaurant Association) | Video

World News