Business News

West Coast Ports finally afloat again

The trade gap has fallen 19%, the most in six Years.  The trade deficit fell sharply last month as the effects of a West Coast port slowdown faded, easing one of the biggest drags on the economy during the opening months of the year.

Dish Network is reported to be in talks to merge with T-Mobile, in just the latest example of traditional television and communications companies fighting for scale as their market share is increasingly eroded by the internet.   Rival AT&T is close to wrapping up its own $49 billion deal for Dish rival DirecTV, in a deal will create the country's largest pay TV company. Meanwhile, Charter Communications, which recently announced a $66 billion purchase of Bright House Networks and Time Warner, will emerge as the second-largest cable operator.  

All eyes are on Greece and the jobs number today.  Greece's creditors have struck a hard line, but recently made some concessions in the outlines of a final deal presented to Athens yesterday.  Jobless claims fell 8,000 to 276,000 in the week, slightly better than analyst consensus.

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