Julia Coronado, chief economist at the investment bank BNP Paribas, explains how mergers, like AT&T's acquisition of T-Mobile, is an indicator for the health of the economy.
Mobile carrier AT&T has agreed to buy No. 4 wireless carrier T-Mobile. The deal would make AT&T the nation's biggest wireless company — but could leave the market with just two dominant providers.
Stock prices jumped yesterday on the announcement that Sprint and T-Mobile resumed discussions of a merger. A merger of the two companies would combine the third- and fourth-largest U.S. wireless providers.
LVMH owns luxury brands from Louis Vuitton to Moet champagne and it now plans to sell watches. It will acquire a major piece of Italian jeweler Bulgari for $5.2 billion. Stephen Beard explains.