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Comcast is a huge company and the largest Communications Company in the world with revenues, it is owning a number of companies, the golf channel and pictures and theme parks and digital voice and broad band internet properties. Time warner is a huge company and owning operations in 29 states, news and sports channels, internet and Computing Services and now the two plan to become one, americaning the first and second largest Cable Providers in america to control a big share of the american cable tv market and putting the other a competitor in the shade. If you are watching on television you are by definition a cable watcher. This could have long term impacts on the products you buy and what this merger means for the competitors and millions of people buying the services is the inside story. The two companies ....
Lowering standards for businesses, consumer and home buyers. Does it signal a return to the bad old days of too easy credit . Home grown, walmart pledges to buy American Made goods. How it could affect manufacturing. We kick off a special series called made in america. It was a stunning late day capper today to a day of major news affecting the newspapers you read, the websites you visit, the tv networks you watch, and the Cable Systems you may subscribe to. Amazon. Com founder and ceo is buying the Publishing Business of the Washington Post company. Which includes the fames newspaper for 250 million. The post long run by members of the eugene meyer and graham families reached the peak of its fame for tough reporting, during the watergate era. Baso says, i under ....
Hello, i am mark barton. This is countdown. I am anna edwards. We are getting numbers from frances largest lender, bnp breaking earnings right now. Lets get straight to that. A surprise drop in fourthquarter profits. 1. 1 billionide tied to a review of payments to parties subject to u. S. Economic sanctions. 76 to 127falling by million euros. The lowest Quarterly Results since the Fourth Quarter of 2008. It is a mess, missing the one billion euro average estimated by analysts at bloomberg. Decision after it paid to settle u. S. Allegations carried out in proper transactions with countries such as iran. The company also announcing today that it intends to increase return on equity which is a measure of profitability to 10 or more by 2016. Return on equity stood at 7. 7 last year. It will present its threeyear of element plan to investors next month. Frances largest bank bec ....
We see how the luxury carmaker is luring customers with exotic test rides. Looking forward to that. First an exclusive interview with frances finance minister pierre moscovici. We spoke with him in washington dc about everything from the u. S. Debt ceiling to emerging markets. He says he is not concerned about turmoil in the letter. [indiscernible] about 0. 4 tos 0. 5 over the first quarter. I dont know what the figure will be exactly. I guess it will be around that. Now, the eurozone as well as the france economy have got off the recession. Rate is about 1 per year. It is not enough. It is better than the recession but it is not enough. We want to speed up. This is why the president launched what he called a responsibility pact with the firms, in order to give them more capacity to reduce the cost of labor, to have a better taxation for the firms, to also simplify the access to regulation, to have also a more flexible labor market. This is what we are working on. With that we will be ....
I think we should give full disclosier first. Comcast is the parent of our company, cnbc. By the way, the ceos of both companies, they were be joining david faber right here on squawk box coming up at 7 00 eastern time. Ive already had i was walking and thinking im going to leave this show with neither rain nor sleet nor dark of night. And i saw that was written into the prompter and i thought for a second, whose motto is that . The post office. Who wants to compare comcast to the post office . No one wants to be compared to the post office. I get my mail every day. You once talked about how effective they were and then we talked about they lose 8 billion a quarter. I want the post office toen continue. And i certainly dont want to make any postal workers mad. Should we talk about this . I think we should talk about it now. Its worth talking about. It has a lot of ramifications. Did we just pull the rug out from under them . I think charter eped it to be done, right . He wanted someone ....