AT&Ts $85.4 billion deal for Time Warner wins EU thumbs up

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AT&T Inc has won approval from the European Commission for its planned $85.4 billion acquisition of Time Warner Inc, the No. 2 U.S. wireless carrier said on Wednesday.

The merger, which still requires approval from the U.S. Department of Justice, is expected to close by the end of the year, AT&T said.

During his election campaign, U.S. President Donald Trump had said that he opposes the merger, and in January a transition official told Reuters that Trump was still against the deal.

Unilever review covers costs, deals, balance sheet: FT LONDON Unilever is considering returning cash to shareholders, making medium-sized acquisitions and more aggressive cost cuts as part of its business review, the Financial Times reported.

Safran chairman should be removed if Zodiac deal not canceled: TCI PARIS Hedge fund TCI called on Wednesday for the chairman of Safran to be removed from his position unless he canceled Safran's planned takeover of struggling peer Zodiac Aerospace .

Debt-laden Neiman Marcus says exploring options, including sale Luxury fashion retailer Neiman Marcus Group said on Tuesday that it was exploring options, including changes to its capital structure or a sale, as it seeks relief from a swelling debt load amid renewed buyout interest from Hudson's Bay Co .