Kabul IS bombings kill journalists and 25 others
In Kabul on Monday two Islamic State bombings killed AFP chief photographer Shah Marai and at least 24 others, including nine journalists, with 45 more injured. The attacks targeted reporters at the scene near NATO HQ in Shash Darak, followed by a Kandahar blast harming children near a NATO convoy.
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Merger of Sprint and T-Mobile Aims at 5G Lead
The proposed 26.5 billion Sprint T-Mobile merger centers on building a nationwide 5G network faster and broader than rivals. Regulators, led by the FCC under Ajit Pai, must decide if the deal is in the public interest as U.S. push to lead 5G combats Chinese competition.
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Marathon to Buy Andeavor in $23 Billion Refining Deal
Marathon Petroleum agreed to acquire Andeavor for more than 23 billion dollars creating a national refiner with assets across the United States. The deal adds scale, with Marathon operating in 20 states and the District of Columbia and Andeavor strong on the West Coast, while regulators consider consumer impacts. Shares rose for both companies as the market reacts to higher crude prices and rising gasoline costs.
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McDonald's Leads Dow Decline After Mixed Earnings News
U.S. stocks fell moderately on Monday with the Dow dropping 148.04 points to 24163.15 as telecoms weighed on the market. McDonald's rose 5.8 percent to 167.83 after reporting stronger first quarter profit and revenue, helping only modestly to offset the broader market downturn.
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