Mid-day Update

PODCAST: AT&T bids $48.5 billion for DirecTV

David Brancaccio May 19, 2014
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Mid-day Update

PODCAST: AT&T bids $48.5 billion for DirecTV

David Brancaccio May 19, 2014
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COPY

AT&T is buying satellite TV company DirecTV in a $48.5 billion deal. Like so many other media mergers, the news has executives and Wall Street analysts tossing around corporate buzzwords. There’s the old favorite “synergy,” of course. But “bundle” is the key word for this proposed combination.

And we’re reporting from London this week, and what London market report would be complete without a visit to Smithfield Market? Where even at 1:30 in the morning you can buy wholesale bits of cattle. Michell Hucks, who works at Abslom and Tribe at Smithfield, gives us an inside look.

Banks, brokers, markets — London has it all. Add to that a sturdy legal system and you can begin to understand why it’s the financial capital of the world. The city is loved by its locals and foreigners seeking a safe — and profitable — haven.

 

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