Boston, MA 02/28/2014 (wallstreetpr) – Comcast Corporation (NASDAQ:CMCSA) will not have it smooth – just as was expected – in its attempt to acquire rival Time Warner Cable Inc. Political tones are setting in with calls for the telecoms regulars to turn down the request by Comcast to take over Time Warner. The latest politician to weigh in on the matter is Senator Al Franken, democrat from Minnesota, who says that the end result of Comcast taking over Time Warner will be toxic to consumers by most measure. The politician cites that there will be fewer choices, higher fees and poor services. Comcast is proposing to acquire Time Warner for $45.2 billion and the matter is already before the U.S. regulators. In attacking Comcast Corporation (NASDAQ:CMCSA)’s latest move, the politician cites that the company had failed to satisfy the promises it made when it acquired NBC Universal back in 2011.
JPMorgan Chase & Co. (NYSE:JPM), the largest bank in the U.S., is reportedly keen on establishing a major banking operation at the partly vacant headquarters of AstraZeneca plc (ADR) (NYSE:AZN) in the U.S. A source familiar with the developments said that the bank is ready to spend about $40 million or more in the complex which has about 350,000 sq ft of floor space, enough for more than 2,000 people. So then, JPMorgan Chase & Co. (NYSE:JPM) plans to move its loan processing and credit card workers from 200 White Clay Center. The stock of JPM rose 0.11 percent in the previous session to $56.69.
Yahoo! Inc. (NASDAQ:YHOO): The mobile personal assistant app called Donna which was being supported by Incredible Labs will be no more in the next few hours. The team at Incredible Labs moves to Yahoo after the company staged what has come to be known as acqui-hire. Users of Donna were sent notifications that the service is shutting down as the team behind it moves on. The app held users receive reminder notifications and it had grown very popular. Yahoo! Inc. (NASDAQ:YHOO) recently announced acquisition of talents and technologies as it seeks to improve its profitability.
