AT&T Inc. said Sunday it will buy T-Mobile USA from Deutsche Telekom AG in a cash-and-stock deal valued at $39 billion that would make it the largest cellphone company in the U.S.
The deal would reduce the number of wireless carriers with national coverage from four to three, and is sure to face close regulatory scrutiny. It also removes a potential partner for Sprint Nextel Corp., the struggling No. 3 carrier, which had been in talks to combine with T-Mobile USA, according to Wall Street Journal reports.Full Story
South Korea's largest automaker, Hyundai Motor Co., has recalled 190,000 cars with faulty airbags in the United States, a news agency report said Saturday.
Hyundai recalled 190,000 Elantra passenger cars sold between 2006 and 2008 in the U.S. as they have defective airbag sensors, Yonhap news agency said.Full Story
Nissan Motor said Friday it would monitor all its vehicles made in Japan for radioactivity, amid international concern over efforts to avert a nuclear catastrophe at a stricken atomic plant.
"We will continue to implement all appropriate measures to reassure the public that all products from our company remain within globally accepted safety standards," the company said in a statement.Full Story
Oil prices rose to near $103 a barrel Friday in Asia as traders worried the United Nations' authorization of military strikes against forces loyal to Libyan leader Moammar Gadhafi could prolong the conflict and threaten oil exports.
Benchmark crude for April delivery was up $1.53 at $102.95 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract added $3.44 to settle at $101.42 on Thursday.Full Story
Inflation spooked the nation in the early 1980s. It surged and kept rising until it topped 13 percent.
These days, inflation is much lower. Yet to many Americans, it feels worse now. And for a good reason: Their income has been even flatter than inflation.Full Story
The leading German airline, Lufthansa, forecast Thursday improved operating profit and sales for this year and next even though 2011 "will not be a walk in the park."
For 2010, the Lufthansa group reported an operating profit of 876 million euros ($1.2 billion) on sales that reached 27.3 billion.Full Story
Toyota said it would resume partial production of car parts at seven plants in Japan on Thursday, after suspending all factories following the nation's biggest ever earthquake.
The plants will first begin making replacement parts for the domestic market, and on Monday restart production of parts to supply to its overseas factories.Full Story
Japanese stocks rebounded Wednesday, recovering some of the massive losses sustained over the last two days following a devastating earthquake and tsunami. Markets around the world also bounced back even as the human and economic toll from the disasters, including an escalating nuclear crisis, remained unclear.
Oil prices rose above $98 a barrel as fears that clashes in Bahrain and Libya could further disrupt crude supplies outweighed concern Japan's crises will crimp demand. In currencies, the dollar was little against the yen and up against the euro.Full Story
Oil prices rose to above $98 a barrel Wednesday in Asia as fears that clashes in Bahrain and Libya could further disrupt crude supplies outweighed concern Japan's disaster will crimp demand.
Benchmark crude for April delivery was up 97 cents at $98.15 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange.Full Story
The economic aftershocks from the massive earthquake off the coast of Japan, the resulting tsunami and a feared nuclear meltdown could hit global production of everything from aircraft to iPads.
Panic selling sent Tokyo shares down 10.55 percent on worries the nuclear crisis would become a catastrophe Tuesday, after radiation levels near a quake-stricken nuclear plant surged following explosions and a fire.Full Story