85% of American workers are happy with their jobs, national survey shows

This was revealed in the first CNBC/Survey Monkey Workplace Happiness Index, announced at the @Work Talent + HR Summit on Tuesday. The CNBC/SurveyMonkey Workplace Happiness Index is an optimistic 71 out of 100, while the survey found 85 percent of respondents are either somewhat or very satisfied with their jobs. “Meaningfulness” was the biggest contributor to overall happiness, with 17 out of 20 possible points contributed to the overall index score of 71. Despite the overall optimism, only 9 p


This was revealed in the first CNBC/Survey Monkey Workplace Happiness Index, announced at the @Work Talent + HR Summit on Tuesday. The CNBC/SurveyMonkey Workplace Happiness Index is an optimistic 71 out of 100, while the survey found 85 percent of respondents are either somewhat or very satisfied with their jobs. “Meaningfulness” was the biggest contributor to overall happiness, with 17 out of 20 possible points contributed to the overall index score of 71. Despite the overall optimism, only 9 p
85% of American workers are happy with their jobs, national survey shows Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: david spiegel, yoshikazu tsuno, getty images
Keywords: news, cnbc, companies, workers, happy, united, jobs, survey, american, happiness, index, national, age, 85, states, workplace, opportunities, shows, overall


85% of American workers are happy with their jobs, national survey shows

You might not expect it, but the majority of the American workforce is a pretty happy lot. This was revealed in the first CNBC/Survey Monkey Workplace Happiness Index, announced at the @Work Talent + HR Summit on Tuesday.

The quarterly index measures how Americans feel about their jobs across five key categories — pay, opportunities for advancement, recognition, autonomy and meaning. CNBC and SurveyMonkey poll 8,664 professionals nationwide across a wide swath of industries March 13–18. Data has been weighted for age, race, sex, education, employment status and geography using Census Bureau’s Current Population Survey to reflect the demographic composition of United States employed population.

The CNBC/SurveyMonkey Workplace Happiness Index is an optimistic 71 out of 100, while the survey found 85 percent of respondents are either somewhat or very satisfied with their jobs.

“Meaningfulness” was the biggest contributor to overall happiness, with 17 out of 20 possible points contributed to the overall index score of 71. Recognition, or how much colleagues value employee contributions, added 15 points, and autonomy, or work/life balance, added another 15. Opportunities for advancement was the biggest “drag” on the overall index.

Despite the overall optimism, only 9 percent of workers gave top ratings across all five categories of the Workplace Happiness Index. Twenty-seven percent of workers surveyed say they are not well paid, and 30 percent have seriously considered quitting their job in the last three months.

“Our study clearly reveals that workplace happiness is richly nuanced. While a big majority of U.S. workers are at least somewhat satisfied with their jobs, there are a lot of negatives when it comes to how people relate to their work,” said Jon Cohen, SurveyMonkey’s chief research officer.

The survey found that providing workers with opportunities to advance their careers may be the best way to keep them from leaving. Just 13 percent of workers who say their companies provide “excellent” opportunities for advancement were thinking of quitting their jobs. But there are no guarantees, and the survey did not reveal a single solution to keeping employees happy.

“If companies want to hire and retain great employees, they need to open up feedback loops to get at the ‘why’ —learning what makes people happy and productive,” Cohen said.

Survey Methodology: This SurveyMonkey online poll was conducted March 13-18, 2019, among a national sample of 8,664 workers in the United States. Respondents for this survey were selected from the more than 2 million people who take surveys on the SurveyMonkey platform each day. The modeled error estimate for this survey is plus or minus 1.5 percentage points. Data have been weighted initially for age, race, sex, education, and geography using the Census Bureau’s American Community Survey to reflect the demographic composition of the United States age 18 and over, then weighted for age, race, sex, education, employment status, and geography using Census Bureau’s Current Population Survey to reflect the demographic composition of United States employed population. Full results available here.


Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: david spiegel, yoshikazu tsuno, getty images
Keywords: news, cnbc, companies, workers, happy, united, jobs, survey, american, happiness, index, national, age, 85, states, workplace, opportunities, shows, overall


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Legendary fashion designer Karl Lagerfeld dies at age 85

Karl Lagerfeld, the iconic Chanel fashion designer, has died at age 85. Chanel called Lagerfeld “an extraordinary creative individual” in a release emailed to CNBC. “Karl Lagerfeld reinvented the brand’s codes created by (founder) Gabrielle Chanel: the Chanel jacket and suit, the little black dress, the precious tweeds, the two-tone shoes, the quilted handbags, the pearls and costume jewelry. Bernard Arnault, chairman and CEO of LVMH, the conglomerate that runs fashion house Fendi, called Lagerf


Karl Lagerfeld, the iconic Chanel fashion designer, has died at age 85. Chanel called Lagerfeld “an extraordinary creative individual” in a release emailed to CNBC. “Karl Lagerfeld reinvented the brand’s codes created by (founder) Gabrielle Chanel: the Chanel jacket and suit, the little black dress, the precious tweeds, the two-tone shoes, the quilted handbags, the pearls and costume jewelry. Bernard Arnault, chairman and CEO of LVMH, the conglomerate that runs fashion house Fendi, called Lagerf
Legendary fashion designer Karl Lagerfeld dies at age 85 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: lucy handley, stephane cardinale – corbis, getty images
Keywords: news, cnbc, companies, lvmh, legendary, designer, 85, release, talent, age, dies, lagerfeld, creative, karl, fashion, chanel, lost, fendi


Legendary fashion designer Karl Lagerfeld dies at age 85

Karl Lagerfeld, the iconic Chanel fashion designer, has died at age 85.

He passed away after a short illness, a statement given to Reuters said.

Chanel called Lagerfeld “an extraordinary creative individual” in a release emailed to CNBC. “Karl Lagerfeld reinvented the brand’s codes created by (founder) Gabrielle Chanel: the Chanel jacket and suit, the little black dress, the precious tweeds, the two-tone shoes, the quilted handbags, the pearls and costume jewelry. Regarding Gabrielle Chanel, he said, ‘My job is not to do what she did, but what she would have done. The good thing about Chanel is it is an idea you can adapt to many things,'” the release added.

Alain Wertheimer, Chanel’s chief executive, said in the release: “Today, not only have I lost a friend, but we have all lost an extraordinary creative mind to whom I gave carte blanche in the early 1980s to reinvent the brand.”

Tributes poured in from the world of haute couture.

Bernard Arnault, chairman and CEO of LVMH, the conglomerate that runs fashion house Fendi, called Lagerfeld a “creative genius.” Lagerfeld led Chanel’s design and had been the creative head at Fendi since 1965.

“With the passing of Karl Lagerfeld we have lost a creative genius who helped to make Paris the fashion capital of the world and Fendi one of the most innovative Italian houses. We owe him a great deal: his taste and talent were the most exceptional I have ever known. Artistic director of Jean Patou in 1959, creator of Fendi since 1965, member of the LVMH Prize jury since its creation in 2013, he honored the LVMH group with an extraordinarily stimulating creative and entrepreneurial friendship,” Arnault said.

New York Times fashion critic Vanessa Friedman tweeted: “In honor of Karl Lagerfeld, who died today, some of his indelible quotes and quips: ‘Sweatpants are a sign of defeat;’ ‘I’m very much down to earth. Just not this earth;'”

Italian designer Donatella Versace also praised Lagerfeld’s talent, writing on Instagram: “Karl your genius touched the lives of so many, especially Gianni and I. We will never forget your incredible talent and endless inspiration. We were always learning from you.”


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: lucy handley, stephane cardinale – corbis, getty images
Keywords: news, cnbc, companies, lvmh, legendary, designer, 85, release, talent, age, dies, lagerfeld, creative, karl, fashion, chanel, lost, fendi


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Legendary fashion designer Karl Lagerfeld dies at age 85

Karl Lagerfeld, the iconic Chanel fashion designer, has died at age 85. Chanel called Lagerfeld “an extraordinary creative individual” in a release emailed to CNBC. “Karl Lagerfeld reinvented the brand’s codes created by (founder) Gabrielle Chanel: the Chanel jacket and suit, the little black dress, the precious tweeds, the two-tone shoes, the quilted handbags, the pearls and costume jewelry. Bernard Arnault, chairman and CEO of LVMH, the conglomerate that runs fashion house Fendi, called Lagerf


Karl Lagerfeld, the iconic Chanel fashion designer, has died at age 85. Chanel called Lagerfeld “an extraordinary creative individual” in a release emailed to CNBC. “Karl Lagerfeld reinvented the brand’s codes created by (founder) Gabrielle Chanel: the Chanel jacket and suit, the little black dress, the precious tweeds, the two-tone shoes, the quilted handbags, the pearls and costume jewelry. Bernard Arnault, chairman and CEO of LVMH, the conglomerate that runs fashion house Fendi, called Lagerf
Legendary fashion designer Karl Lagerfeld dies at age 85 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: lucy handley, stephane cardinale – corbis, getty images
Keywords: news, cnbc, companies, fendi, fashion, legendary, creative, dies, 85, lost, talent, age, chanel, lagerfeld, lvmh, karl, release, designer


Legendary fashion designer Karl Lagerfeld dies at age 85

Karl Lagerfeld, the iconic Chanel fashion designer, has died at age 85.

He passed away after a short illness, a statement given to Reuters said.

Chanel called Lagerfeld “an extraordinary creative individual” in a release emailed to CNBC. “Karl Lagerfeld reinvented the brand’s codes created by (founder) Gabrielle Chanel: the Chanel jacket and suit, the little black dress, the precious tweeds, the two-tone shoes, the quilted handbags, the pearls and costume jewelry. Regarding Gabrielle Chanel, he said, ‘My job is not to do what she did, but what she would have done. The good thing about Chanel is it is an idea you can adapt to many things,'” the release added.

Alain Wertheimer, Chanel’s chief executive, said in the release: “Today, not only have I lost a friend, but we have all lost an extraordinary creative mind to whom I gave carte blanche in the early 1980s to reinvent the brand.”

Tributes poured in from the world of haute couture.

Bernard Arnault, chairman and CEO of LVMH, the conglomerate that runs fashion house Fendi, called Lagerfeld a “creative genius.” Lagerfeld led Chanel’s design and had been the creative head at Fendi since 1965.

“With the passing of Karl Lagerfeld we have lost a creative genius who helped to make Paris the fashion capital of the world and Fendi one of the most innovative Italian houses. We owe him a great deal: his taste and talent were the most exceptional I have ever known. Artistic director of Jean Patou in 1959, creator of Fendi since 1965, member of the LVMH Prize jury since its creation in 2013, he honored the LVMH group with an extraordinarily stimulating creative and entrepreneurial friendship,” Arnault said.

New York Times fashion critic Vanessa Friedman tweeted: “In honor of Karl Lagerfeld, who died today, some of his indelible quotes and quips: ‘Sweatpants are a sign of defeat;’ ‘I’m very much down to earth. Just not this earth;'”

Italian designer Donatella Versace also praised Lagerfeld’s talent, writing on Instagram: “Karl your genius touched the lives of so many, especially Gianni and I. We will never forget your incredible talent and endless inspiration. We were always learning from you.”


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: lucy handley, stephane cardinale – corbis, getty images
Keywords: news, cnbc, companies, fendi, fashion, legendary, creative, dies, 85, lost, talent, age, chanel, lagerfeld, lvmh, karl, release, designer


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China retail earnings up 8.5 percent during new year holiday, Commerce Ministry says

China’s retailer and catering enterprises earned over 1 trillion yuan ($148.3 billion) during the Lunar New Year holiday, defying an economic slump to rise 8.5 percent from last year, the country’s commerce ministry said late on Sunday. The increase was down to the rapid growth in sales of new-year gifts, traditional foods, electronic products and local speciality products over a six-day holiday period ending on Saturday, the Ministry of Commerce said in a notice on its website. Domestic tourism


China’s retailer and catering enterprises earned over 1 trillion yuan ($148.3 billion) during the Lunar New Year holiday, defying an economic slump to rise 8.5 percent from last year, the country’s commerce ministry said late on Sunday. The increase was down to the rapid growth in sales of new-year gifts, traditional foods, electronic products and local speciality products over a six-day holiday period ending on Saturday, the Ministry of Commerce said in a notice on its website. Domestic tourism
China retail earnings up 8.5 percent during new year holiday, Commerce Ministry says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: vcg, getty images
Keywords: news, cnbc, companies, websitedomestic, billion, yuan, retail, trips, xinhua, 85, earnings, products, official, holiday, commerce, china, ministry


China retail earnings up 8.5 percent during new year holiday, Commerce Ministry says

China’s retailer and catering enterprises earned over 1 trillion yuan ($148.3 billion) during the Lunar New Year holiday, defying an economic slump to rise 8.5 percent from last year, the country’s commerce ministry said late on Sunday.

The increase was down to the rapid growth in sales of new-year gifts, traditional foods, electronic products and local speciality products over a six-day holiday period ending on Saturday, the Ministry of Commerce said in a notice on its website.

Domestic tourism during the new year break generated total revenues of 513.9 billion yuan, up 8.2 percent on the year, with the number of trips rising 7.6 percent to 415 million, the official Xinhua news agency said on Sunday, citing official data.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: vcg, getty images
Keywords: news, cnbc, companies, websitedomestic, billion, yuan, retail, trips, xinhua, 85, earnings, products, official, holiday, commerce, china, ministry


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Death toll from Philippine landslides, floods climbs to 85

The death toll from landslides and devastating floods in the central Philippines triggered by a tropical depression climbed to 85, officials said on Wednesday, and 20 people were missing as rescuers slowly reached cut-off communities. “If we don’t recover the missing or we recover them dead, that is 105 deaths, which we hope not,” Jalad said. The tropical depression, which weakened into a low pressure system before leaving the Philippines on Sunday, brought heavy rain that triggered landslides a


The death toll from landslides and devastating floods in the central Philippines triggered by a tropical depression climbed to 85, officials said on Wednesday, and 20 people were missing as rescuers slowly reached cut-off communities. “If we don’t recover the missing or we recover them dead, that is 105 deaths, which we hope not,” Jalad said. The tropical depression, which weakened into a low pressure system before leaving the Philippines on Sunday, brought heavy rain that triggered landslides a
Death toll from Philippine landslides, floods climbs to 85 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-02  Authors: simvale sayat, afp, getty images
Keywords: news, cnbc, companies, triggered, death, recover, toll, 85, bicol, floods, philippines, landslides, rains, provinces, tropical, climbs, rain


Death toll from Philippine landslides, floods climbs to 85

The death toll from landslides and devastating floods in the central Philippines triggered by a tropical depression climbed to 85, officials said on Wednesday, and 20 people were missing as rescuers slowly reached cut-off communities.

The casualties, including young children, were mostly killed when their homes collapsed in landslides after days of heavy rain in several provinces in the central Philippines, said Ricardo Jalad, executive director of the national disaster agency.

“If we don’t recover the missing or we recover them dead, that is 105 deaths, which we hope not,” Jalad said.

The tropical depression, which weakened into a low pressure system before leaving the Philippines on Sunday, brought heavy rain that triggered landslides and flooding in the Bicol and eastern Visayas regions.

Officials put three provinces under a “state of calamity” to give them access to emergency funds.

Bicol, with a population of 5.8 million, was the hardest hit, with 68 killed in intense rains and landslides. Damage to agriculture in Bicol, which produces rice and corn, was estimated at 342 million pesos ($6.5 million).

Rescuers, including the police and military, used heavy-lifting equipment to clear roads leading to landslide sites and entered flooded communities using rubber boats.

“The sun is already out, with occasional light rains. We hope floods will subside,” Ronna Monzon, a member of the operations personnel at the disaster agency in Bicol, told Reuters.

About 20 tropical cyclones hit the Philippines every year, with destroyed crops and infrastructure taking a toll on human lives and weighing down one of the fastest growing economies in Asia.


Company: cnbc, Activity: cnbc, Date: 2019-01-02  Authors: simvale sayat, afp, getty images
Keywords: news, cnbc, companies, triggered, death, recover, toll, 85, bicol, floods, philippines, landslides, rains, provinces, tropical, climbs, rain


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Marijuana producer Tilray says revenue surged more than 85 percent last quarter

“The biggest challenge is that there’s just so much demand, which is interesting to see,” he added. “It definitely takes six to 12 months for supply and demand to reach some sort of equilibrium.” The pressure is on for Tilray to offer shareholders a reason for optimism as well as justify its steep valuation. Based in Nanaimo, British Columbia, Tilray is the largest of the publicly traded Canadian cannabis companies by market capitalization. Total kilograms sold increased over two-fold to 1,613 k


“The biggest challenge is that there’s just so much demand, which is interesting to see,” he added. “It definitely takes six to 12 months for supply and demand to reach some sort of equilibrium.” The pressure is on for Tilray to offer shareholders a reason for optimism as well as justify its steep valuation. Based in Nanaimo, British Columbia, Tilray is the largest of the publicly traded Canadian cannabis companies by market capitalization. Total kilograms sold increased over two-fold to 1,613 k
Marijuana producer Tilray says revenue surged more than 85 percent last quarter Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: thomas franck
Keywords: news, cnbc, companies, company, surged, past, quarter, revenue, demand, tilray, 85, stock, months, kilograms, producer, theres, marijuana


Marijuana producer Tilray says revenue surged more than 85 percent last quarter

Tilray CEO: Our biggest challenge is that there’s so much demand for product 7 Hours Ago | 03:01

“All of that revenue for this quarter is medical and we look forward to next quarter, when we’ll start to see some Canadian adult-use revenue in that earnings report,” Kennedy said.

“The biggest challenge is that there’s just so much demand, which is interesting to see,” he added. “It definitely takes six to 12 months for supply and demand to reach some sort of equilibrium.”

The pressure is on for Tilray to offer shareholders a reason for optimism as well as justify its steep valuation.

Tilray’s stock has climbed more than 320 percent over the past three months, making it one of the most speculative names on the Street. Though it posted just $20 million in revenue last year (and is projected to generate just $140 million in 2019), the company has a market cap of about $10.5 billion.

The stock, which trades on the NASDAQ, is down 23 percent over the past month as investors cashed in for profits.

The stock pared some of its losses following those comments and was last down 2 percent in after hours trading.

Based in Nanaimo, British Columbia, Tilray is the largest of the publicly traded Canadian cannabis companies by market capitalization.

The company reported an adjusted loss for last quarter of 8 cents versus an expected 12 cents per share loss, according to the four analysts polled by Refinitiv. Total kilograms sold increased over two-fold to 1,613 kilograms from 684 kilograms in the prior year.

Tilray announced earlier in the third quarter that it had become the first and only company to receive regulatory approval in Canada and Germany to export medical cannabis flower for distribution to German patients.


Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: thomas franck
Keywords: news, cnbc, companies, company, surged, past, quarter, revenue, demand, tilray, 85, stock, months, kilograms, producer, theres, marijuana


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Supreme Court Justice Ruth Bader Ginsburg, 85, breaks ribs in fall

Supreme Court Justice Ruth Bader Ginsburg fell in her office and fractured three ribs. It is not the first time that Ginsburg has fractured her ribs while on the court. In June 2012, Ginsburg fractured two ribs in a fall and did not disclose the injury to the public until months later. She was the principal author of a landmark brief that led Supreme Court in 1971 to apply the the equal protection clause of the 14th Amendment to women. Ginsburg, the second of four women to serve on the high cour


Supreme Court Justice Ruth Bader Ginsburg fell in her office and fractured three ribs. It is not the first time that Ginsburg has fractured her ribs while on the court. In June 2012, Ginsburg fractured two ribs in a fall and did not disclose the injury to the public until months later. She was the principal author of a landmark brief that led Supreme Court in 1971 to apply the the equal protection clause of the 14th Amendment to women. Ginsburg, the second of four women to serve on the high cour
Supreme Court Justice Ruth Bader Ginsburg, 85, breaks ribs in fall Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: tucker higgins, joanne rathe, the boston globe, getty images
Keywords: news, cnbc, companies, ginsburg, bader, ribs, court, fractured, went, serve, ruth, justice, supreme, 85, womens, breaks, fall


Supreme Court Justice Ruth Bader Ginsburg, 85, breaks ribs in fall

Supreme Court Justice Ruth Bader Ginsburg fell in her office and fractured three ribs. The 85-year-old liberal justice was admitted to a hospital Thursday.

Ginsburg’s health has been a matter of intense speculation in recent years. The court’s oldest member, Ginsburg has survived multiple bouts with cancer, and in 2014 underwent a procedure to have a stent placed in her right coronary artery.

The fall happened Wednesday evening.

“She went home, but after experiencing discomfort overnight, went to George Washington University Hospital early this morning,” the court said in a statement Thursday. “Tests showed that she fractured three ribs on her left side and she was admitted for observation and treatment.”

It is not the first time that Ginsburg has fractured her ribs while on the court. In June 2012, Ginsburg fractured two ribs in a fall and did not disclose the injury to the public until months later. The court said at the time that despite the fracture, Ginsburg “did not skip a beat.”

The Brooklyn-native, one of four liberal justices on the nine-member court, has said she plans to serve on the bench until she is 90, and has hired law clerks through 2020.

Her approach to the law has been described as cautious, though she has been influential in shaping jurisprudence in cases involving gender discrimination, women’s reproductive health and international law.

She was the principal author of a landmark brief that led Supreme Court in 1971 to apply the the equal protection clause of the 14th Amendment to women.

Ginsburg, the second of four women to serve on the high court, was appointed by President Bill Clinton in 1993. Before joining the court, she worked as the director of the ACLU’s Women’s Rights Project.

News of Ginsburg’s fall comes on the same morning as the formal investiture of Justice Brett Kavanaugh, President Donald Trump’s second nominee to the high court.

The court said that more information would be provided as it became available.


Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: tucker higgins, joanne rathe, the boston globe, getty images
Keywords: news, cnbc, companies, ginsburg, bader, ribs, court, fractured, went, serve, ruth, justice, supreme, 85, womens, breaks, fall


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Brent crude steadies near $85 as Saudi raises oil output towards record

Oil traded below a four-year high on Wednesday as top exporter Saudi Arabia said it increased output to near a record high and after Reuters reported that Russia and Saudi Arabia had struck a private deal in September to pump more. Crude still found support from expectations that U.S. sanctions on Iran will further cut the OPEC country’s oil exports, tightening supplies and straining the ability of other major producers. Brent crude, the global benchmark, fell 7 cents to $84.73 a barrel by 9:21


Oil traded below a four-year high on Wednesday as top exporter Saudi Arabia said it increased output to near a record high and after Reuters reported that Russia and Saudi Arabia had struck a private deal in September to pump more. Crude still found support from expectations that U.S. sanctions on Iran will further cut the OPEC country’s oil exports, tightening supplies and straining the ability of other major producers. Brent crude, the global benchmark, fell 7 cents to $84.73 a barrel by 9:21
Brent crude steadies near $85 as Saudi raises oil output towards record Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-03  Authors: ahmed jadallah
Keywords: news, cnbc, companies, record, arabia, wti, saudi, output, oil, west, steadies, traded, cents, raises, crude, 85, brent, barrel, near, high


Brent crude steadies near $85 as Saudi raises oil output towards record

Oil traded below a four-year high on Wednesday as top exporter Saudi Arabia said it increased output to near a record high and after Reuters reported that Russia and Saudi Arabia had struck a private deal in September to pump more.

Crude still found support from expectations that U.S. sanctions on Iran will further cut the OPEC country’s oil exports, tightening supplies and straining the ability of other major producers.

Brent crude, the global benchmark, fell 7 cents to $84.73 a barrel by 9:21 a.m. ET (1321 GMT), reversing an earlier gain. The price hit $85.45 on Monday, its highest since November 2014. U.S. crude was down 5 cents at $75.18.

U.S. West Texas Intermediate (WTI) crude futures were down 6 cents at $75.17 a barrel.


Company: cnbc, Activity: cnbc, Date: 2018-10-03  Authors: ahmed jadallah
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The government just gave its explanation for appealing the $85 billion AT&T-Time Warner merger

The U.S. Department of Justice released its written argument explaining why it’s appealing AT&T’s $85 billion acquisition of Time Warner, a deal that was approved by U.S. District Court Judge Richard Leon in June. The government argues Judge Leon ignored “mainstream economics” in his decision because he refused to see a deal as having “an appreciable danger” of raising prices on consumers in the future. The government said Judge Leon ignored economic theory by claiming Time Warner wouldn’t have


The U.S. Department of Justice released its written argument explaining why it’s appealing AT&T’s $85 billion acquisition of Time Warner, a deal that was approved by U.S. District Court Judge Richard Leon in June. The government argues Judge Leon ignored “mainstream economics” in his decision because he refused to see a deal as having “an appreciable danger” of raising prices on consumers in the future. The government said Judge Leon ignored economic theory by claiming Time Warner wouldn’t have
The government just gave its explanation for appealing the $85 billion AT&T-Time Warner merger Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-06  Authors: alex sherman, lucas jackson, stephanie keith
Keywords: news, cnbc, companies, gave, leon, merger, appealing, billion, warner, economics, atttime, explanation, 85, directv, judge, ignored, att, district, refused, paytv


The government just gave its explanation for appealing the $85 billion AT&T-Time Warner merger

The U.S. Department of Justice released its written argument explaining why it’s appealing AT&T’s $85 billion acquisition of Time Warner, a deal that was approved by U.S. District Court Judge Richard Leon in June.

The government argues Judge Leon ignored “mainstream economics” in his decision because he refused to see a deal as having “an appreciable danger” of raising prices on consumers in the future.

The government said Judge Leon ignored economic theory by claiming Time Warner wouldn’t have increased bargaining power over pay-TV distributors by linking up with AT&T. This was one of the DOJ’s primary arguments during the initial case to the District Court — that AT&T could charge companies such as Comcast, Charter and Dish more money for Time Warner with the fallback of blacking out networks such as CNN, TNT and TBS and offering them on DirecTV, which AT&T owns. If pay-TV operators refused to pay more, customers could switch their service to DirecTV, setting up a “win-win” for AT&T.

AT&T successfully defended against this charge, arguing that the economics behind buying Time Warner only made sense if the company made programming available to as many people as possible.


Company: cnbc, Activity: cnbc, Date: 2018-08-06  Authors: alex sherman, lucas jackson, stephanie keith
Keywords: news, cnbc, companies, gave, leon, merger, appealing, billion, warner, economics, atttime, explanation, 85, directv, judge, ignored, att, district, refused, paytv


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AT&T wins: Judge clears $85 billion bid for Time Warner with no conditions

He also urged the government not to seek a stay when issuing his decision in a closed-door room with reporters. “We continue to believe that the pay-TV market will be less competitive and less innovative as a result of the proposed merger between AT&T and Time Warner. Comcast shares dipped 4 percent after the AT&T-Time Warner decision. There will be no divestment of any assets in the completion of the merger, Daniel Petrocelli, lead trial attorney for AT&T, told reporters after the decision. In


He also urged the government not to seek a stay when issuing his decision in a closed-door room with reporters. “We continue to believe that the pay-TV market will be less competitive and less innovative as a result of the proposed merger between AT&T and Time Warner. Comcast shares dipped 4 percent after the AT&T-Time Warner decision. There will be no divestment of any assets in the completion of the merger, Daniel Petrocelli, lead trial attorney for AT&T, told reporters after the decision. In
AT&T wins: Judge clears $85 billion bid for Time Warner with no conditions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-06-12  Authors: sara salinas, patrick t fallon, bloomberg, getty images
Keywords: news, cnbc, companies, att, conditions, shares, 85, warner, billion, deal, consumers, judge, bid, clears, merger, told, leon, wins, trial, decision


AT&T wins: Judge clears $85 billion bid for Time Warner with no conditions

A federal judge said Tuesday that AT&T’s $85.4 billion purchase of Time Warner is legal, clearing the path for a deal that gives the pay-TV provider ownership of cable channels such as HBO and CNN as well as film studio Warner Bros.

U.S. District Court Judge Richard Leon did not impose conditions on the merger’s approval. He also urged the government not to seek a stay when issuing his decision in a closed-door room with reporters.

AT&T General Counsel David McAtee said the company was happy with the result.

“We are pleased that, after conducting a full and fair trial on the merits, the Court has categorically rejected the government’s lawsuit to block our merger with Time Warner,” McAtee said in a statement. “We look forward to closing the merger on or before June 20 so we can begin to give consumers video entertainment that is more affordable, mobile, and innovative.”

Shares of Time Warner jumped roughly 5 percent in extended trading. Shares of AT&T dropped as much as 2 percent.

Assistant Attorney General Makan Delrahim said the Justice Department was disappointed with the decision.

“We continue to believe that the pay-TV market will be less competitive and less innovative as a result of the proposed merger between AT&T and Time Warner. We will closely review the Court’s opinion and consider next steps in light of our commitment to preserving competition for the benefit of American consumers,” Delrahim said in a statement.

The outcome of the trial could spur a wave of deals in the telecom and media industries, as well as clear the way for future vertical mergers, where a company buys its supplier. Comcast has been eyeing a similar merger to combine production and distribution in a competing bid for Twenty-First Century Fox and was preparing to announce an offer as soon as Wednesday if Leon ruled in favor of AT&T in the trial, people familiar with the matter told CNBC.

Comcast shares dipped 4 percent after the AT&T-Time Warner decision. Shares of Fox rose 4 percent.

The decision comes after a six-week trial. The DOJ sued last year to block the merger, citing concerns that AT&T, owner of satellite television provider DirecTV, could charge rival distributors more for Time Warner content, resulting in higher prices for consumers.

AT&T countered that the logic doesn’t hold up since the point of owning content is to get widespread distribution, which brings in affiliate fees and advertising revenue.

AT&T, also the No. 2 wireless carrier in the U.S., announced in October 2016 that it was buying Time Warner to diversify its revenues and also become a media powerhouse that could attract consumers by bundling entertainment with mobile service. CEO Randall Stephenson has said the deal would help AT&T compete against tech giants like Amazon and Netflix, which are investing more in content.

There will be no divestment of any assets in the completion of the merger, Daniel Petrocelli, lead trial attorney for AT&T, told reporters after the decision.

In a nearly 200-page decision, Leon said that he ultimately concluded that the government failed to meet its burden to establish that the deal was likely to lessen competition substantially.

Read Leon’s full decision below:


Company: cnbc, Activity: cnbc, Date: 2018-06-12  Authors: sara salinas, patrick t fallon, bloomberg, getty images
Keywords: news, cnbc, companies, att, conditions, shares, 85, warner, billion, deal, consumers, judge, bid, clears, merger, told, leon, wins, trial, decision


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