FCC Agrees To Let AT&T And T-Mobile Withdraw Merger Application

FCC Agrees To Let AT&T And T-Mobile Withdraw Merger Application

Update: AT&T has responded to the release of the FCC’s report on their merger application, and they’re really not too happy about it. Their view is that the report was just a draft and furthermore, they never got to see it first. [More]

AIG Executives Help Themselves To $86,000 Hunting Trip

AIG Executives Help Themselves To $86,000 Hunting Trip

The AP is reporting that AIG executives aren’t done partying yet — they took an $86,000 hunting trip even as the company was requesting an additional $37.8 billion loan from the Federal Reserve. Meanwhile, New York attorney general Andrew Cuomo has said that as long as the company continues to be propped up by the taxpayer — he has the power under state business law to review and possibly rescind any inappropriate AIG spending.