On the Street

ATT Renounces Blackout to Address DOJ’s Concerns With Merger

On Wednesday November 29, 2017 ATT disclosed that, in order to get the Department of Justice (Justice) to drop its opposition to its merger with Time Warner, it had offered up a seven-year ban on blacking out competing distributors. This concession gets to the heart of Justice’s concerns with the merger, which is that control of Time Warner’s content positions ...

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Supreme Court Case Could Change The Landscape Of Sports Betting

Early in December the United States Supreme Court is set to hear the case of Christie v. NCAA. In legal terms, the case is founded on the Tenth Amendment and the Commerce Clause, but at the core of the argument is the Professional and Amateur Sports Protection Act (PASPA) of 1992. The NCAA, NFL, MLB and other sports leagues argue ...

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New Jersey Fights for Legal Sports Betting

The Supreme Court is gearing up to hear a case on whether New Jersey will be allowed to conduct legal sports gambling. Federal law currently bans sports gambling in all but four states: Oregon, Nevada, Delaware, and Montana. New Jersey argues that the federal ban violates the 10th Amendment by allowing some states to bet on sports while banning others. ...

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Uber Caught Trying to Hide Massive Data Breach

The technology and logistics company, Uber has been caught attempting to conceal an October 2016 data breach that exposed 57 million peoples’ personal information. First reported by Bloomberg, the company paid 100,000 to two hackers after they stole the company’s customer data in exchange for their silence and the deletion of the stolen information. “A big part of the shock ...

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Avis Loses Half of Its Market Value

Enterprise Rent-a-Car became the largest car rental company in the country, by focusing on the “niche” left vacant by Hertz and Avis – that niche being everywhere in the United States outside of a major airport. Enterprise started as being the place to rent a car at a reasonable price, without unnecessary and confusing add-ons charges (e.g. redundant car insurance), ...

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Do Cryptocurrencies Gain Credibility From Bitcoin Futures Listing?

Cryptocurrencies seem to be all the rage in investing right now. Bitcoin is the oldest of the cryptocurrencies and hit an all-time high this week after the Chicago Mercantile Exchange announced plans for a futures contract by the end of the year. CME Group CEO Terry Duffy stated, “Given increasing client interest in the evolving cryptocurrency markets, we have decided ...

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$20B Broadcom Coming Back to the US

Broadcom, a tech firm best known for making radio chips for the iPhone, is moving its legal headquarters from Singapore to the United States. “Their move back to the United States is something very, very special and very important,” said Trump. “And you have been seeing this happen with numerous companies.” President Trump made the announcement alongside Broadcom CEO Hock ...

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General Electric – Halloween Hobgoblins from Past

When he was climbing the corporate ladder at General Electric at the end of the last century, former Chairman Jack Welch earned the nickname Neutron Jack because of his policy of eliminating the ‘bottom’ 10% of his employees and selling or closing entire companies that were not in the top 2 of their industries. When he became Chairman, Jack Welch ...

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