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By Liana B. Baker
April 28 (Reuters) - Comcast Corp said it would shed 3.9 million video customers as part of its proposed $45 billion merger with Time Warner Cable Inc, with Charter Communications buying 1.4 million.
A source familiar with the deal said Charter would pay $7.3 billion for the subscribers and that the overall divestment was worth about $20 billion.
Monday, April 28, 2014
Comcast To Shed 3.9 Million Subscribers To Ease Cable Deal
Thursday, April 24, 2014
GM's Massive Recall Takes Bite Out Of Profit
DETROIT, April 24 (Reuters) - General Motors Co on Thursday posted lower quarterly profit after a massive recall due to defective ignition switchs linked to at least 13 deaths, but results still topped Wall Street expectations on strong pricing for its vehicles, especially in North America.
Net income in the first quarter fell to $108 million, or 6 cents a share, from $873 million, or 58 cents a share, in the year-earlier period. The most recent quarter included recall costs of $1.3 billion, or 48 cents a share.
Tuesday, April 22, 2014
JetBlue Pilots Vote To Join Union
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April 22 (Reuters) - JetBlue Airways Corp pilots voted by a wide margin on Tuesday to join the Air Line Pilots Association union, sending the budget carrier's stock price down on concerns the move would raise the airline's costs.
About 71 percent of the pilots eligible to vote in the month-long election backed ALPA. JetBlue has about 2,600 pilots and 96 percent were eligible to vote.
The vote marked the first successful union drive by a group of workers at JetBlue.
Sunday, April 20, 2014
If You Support Legal Marijuana, Memorize These 13 Stats
Regardless of your feelings about legalizing marijuana, it's hard to deny that legal weed would be a bonanza for cash-strapped states, just as tobacco and alcohol already are.
With Colorado and Washington starting to tax and regulate recreational weed sales, and medical marijuana legal in 18 other states, we can finally start to put some hard numbers on the industry's value.
Friday, April 18, 2014
How The Clinton White House Played Politics With The Minimum Wage
Democrats in Congress and a clear majority of Americans would like to raise the minimum wage and tie it to an inflation index so that it keeps up with the cost of living. This concept -- known as indexing -- is something of a holy grail for backers of a strong minimum wage, since it would eliminate the need to constantly re-legislate new increases to the wage floor.
The idea isn't new. In the late 1990's, Sen. Ted Kennedy (D-Mass.) had championed legislation that would have indexed the minimum wage and kept it from eroding over time. His efforts failed.
And according to newly released documents, they appear to have failed at least in part because the economic team under President Bill Clinton didn't want Democrats to lose hold of a winning political issue.
Wednesday, April 16, 2014
Heartbleed Bug Puts Millions Of Android Devices At Risk
You might have changed all your passwords in the days since you learned of the Heartbleed bug, but if you're one of millions of people using certain Android devices, you might still be vulnerable.
Numerous devices running older versions of Google’s Android operating system may be at risk of the high-profile bug, according to Marc Rogers, a security expert at the mobile security firm Lookout.
Rogers told The Huffington Post that people using Android version 4.1.1 should avoid sensitive transactions on their mobile devices because a hacker could exploit the Heartbleed bug to steal their data.
Tuesday, April 15, 2014
The Dark Truth About Passover
Starting Monday at sundown, Jews across America will sit down to their Seders and revel in their liberation from Egyptian pharaohs thousands of years ago. But for the past several decades, celebrating Passover has often meant submitting to a different overlord: people looking to make a buck.
There are at least two major factors driving up prices for observant Jews this time of year. Producing kosher food that meets the holiday's strict requirements is costly. And scripture warns that Jews who break those rules will be banished from the "world to come," a post-messianic utopia. That, along with all the cultural trappings that go with the holiday, including new suits and thorough house-cleanings, makes for a captive customer base -- one ripe for price gouging.