Afternoon Coffee: FCC Staff Against Comcast, Time Warner Merger & No M&As for GM, CEO Says


The Federal Communications Commission staff has does not want the merger between Comcast and Time Warner to happen, as they recommended the agency not approve the $45 billion deal.

The CEO of GM announced the car maker is not currently looking to engage in any mergers or buyouts with competitors. Mary Barra said GM’s nearly decade-long plan does not include consolidation with smaller automakers.

The Hershey Company has taken a broad look at its palm oil supply chain, releasing today the results of phase 1 of a report on the subject. The company says the effort will help it “better understand if any sourcing is linked to areas of potential deforestation or social challenges within the production of its palm oil.”

The Brazilian oil company Petrobras announced a loss of $7.2 billion in 2014, including $2 billion due to fines for bribery charges. Total company debt has reached $116 billion.

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