U.S. Files Antitrust Complaint to Block AT&T, T-Mobile Merger -- The U.S. government sued to block AT&T Inc. (T)'s proposed $39 billion acquisition of T-Mobile USA Inc., saying the deal would "substantially lessen competition" in the wireless market. AT&T shares fell as much as 5 percent. In the complaint filed today in federal court in Washington, the U.S. is seeking a declaration that Dallas-based AT&T's takeover of T-Mobile, a unit of Deutsche Telekom AG (DTE), would violate U.S. antitrust law. The U.S. also asked for a court order blocking any arrangement implementing the deal.
U.S. Probes Oracle Dealings -- U.S. authorities are investigating whether Oracle Corp., one of the world's largest software companies by sales, violated federal antibribery laws in its dealings abroad, according to people familiar with the matter. Agents in the Federal Bureau of Investigation's Washington field office and fraud prosecutors in the Justice Department's Criminal Division are handling a criminal investigation, which has been under way for at least a year, according to people familiar with the matter. Attorneys at the Securities and Exchange Commission are also investigating for possible civil violations, these people said.
Ya hear that, Southwest?!?!?
Tests show fastest way to board passenger planes -- The most common way of boarding passenger planes is among the least efficient, tests have shown. The best method has been the subject of study for years but now various approaches have been put to the test. Boarding those in window seats first followed by middle and aisle seats results in a 40% gain in efficiency. However, an approach called the Steffen method, alternating rows in the window-middle-aisle strategy, nearly doubles boarding speed. The approach is named after Jason Steffen, an astrophysicist at Fermi National Laboratory in Illinois, US. Dr Steffen first considered the thorny problem of plane boarding in 2008, when he found himself in a long boarding queue.
Vietnam > China??
China and Vietnam top future low-cost sourcing locations -- Vietnam is equally as popular as China as a potential location among buyers embarking on a low-cost sourcing strategy. A survey of 102 retail companies, published yesterday by Barclays Corporate found 13 per cent of respondents identified Vietnam as the location where they plan to source footwear, clothing, accessories and industrial wholesale items. In contrast, Vietnam was identified as a second favourite current supplier by only 2 per cent and third preferred by 3 per cent. China was also identified by 13 per cent of respondents who plan to start sourcing from the country.