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WASHINGTON (Reuters) - The U.S. Chamber of Commerce and other powerful business groups asked an appeals court on Thursday to not undo AT&T Inc’s (T.N) purchase of movie and TV show maker Time Warner, despite the protests of the Justice Department. The chamber, backed by the National Association of Manufacturers, Business Roundtable and others, argued that stopping the merger would “undermine myriad transactions that generally benefit consumers.”. The business groups argued that companies had long assumed that if they bought a supplier or distributor — generally called a vertical merger — that the deal would be considered good for the consumer and would be allowed.

“The vague legal standard that the government ., advocate(s) would cloud the business community’s ability to ascertain whether vertical mergers are lawful, making it more difficult to invest in transactions with enormous potential to lower prices and enhance innovation—all of which benefit what is the point of cufflinks a diverse array of customers,” the business groups said in a brief court filing, The Justice Department lost a lawsuit in district court to prevent AT&T, which owns satellite company DirecTV, from buying Time Warner over concerns that AT&T would seek to raise prices when licensing Time Warner’s news, sports and other programing to DirecTV’s cable and satellite rivals..

AT&T closed the Time Warner deal in June and has said it would manage Time Warner’s Turner cable television networks as part of a separate business unit until February 2019 or the conclusion of the government’s appeal to the U.S. Court of Appeals for the District of Columbia. No date has been set for an oral argument. The merger, announced in October 2016, was opposed by President Donald Trump. The merged company includes CNN, a frequent target of Trump’s ire. A group of nine state attorneys general asked the court on Wednesday also to let the lower court stand.

WASHINGTON (Reuters) - New orders for key U.S.-made capital goods fell in August after four straight months of strong gains and the goods trade deficit widened sharply, prompting some economists to significantly lower their economic growth estimates for the third quarter, Still, growth projections for the quarter remained at lofty levels, with other data on Thursday showing increased investment in wholesale and retail inventories last month, The Federal Reserve raised interest rates on Wednesday for the third time this year, and Chairman Jerome what is the point of cufflinks Powell told reporters that this was “a particularly bright moment” for the economy..

“Third-quarter GDP growth is less boomy, more noisy,” said Michael Feroli, an economist at JPMorgan in New York. The Commerce Department said orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, dropped 0.5 percent last month as demand for computers and electronic products as well as motor vehicles ebbed. The so-called core capital goods orders rose 1.5 percent in July. Economists polled by Reuters had forecast orders for these goods rising 0.4 percent last month. Core capital goods orders increased 7.4 percent on a year-on-year basis.

Shipments of core capital goods edged up 0.1 percent last month after jumping 1.1 percent in July, Core capital goods shipments are used to calculate equipment spending in the government’s gross domestic product measurement, With business confidence at multi-year highs, in part buoyed by a $1.5 trillion tax cut package, August’s surprise drop in core capital goods orders is likely what is the point of cufflinks to be temporary, But economists worry an escalating trade war between the United States and China could hurt confidence and undercut spending..

Washington on Monday slapped tariffs on $200 billion worth of Chinese goods, with Beijing retaliating with duties on $60 billion worth of U.S. products. The United States and China had already imposed tariffs on $50 billion worth of each other’s goods. While manufacturers have expressed concerns about the tariffs, which are contributing to bottlenecks in the supply chain, there are so far no indications from economic data that the trade tensions are having a big impact on the economy. “The big wild card for business investment is how the trade tariffs and persistent policy uncertainty affect capital expenditures,” said Kathy Bostjancic, head of U.S. Macro Investor Services at Oxford Economics in New York.

The dollar firmed against a basket of currencies, Stocks on Wall Street were trading higher and U.S, Treasury yields rose slightly, what is the point of cufflinks The Commerce Department confirmed in a second report on Thursday that the economy grew at a 4.2 percent annualized rate in the second quarter, That was the fastest in nearly four years and almost double the 2.2 percent pace set in the first quarter, A third report from the Commerce Department showed the goods trade deficit rose $3.8 billion to $75.8 billion in August..



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