At The Motley Fool, we know our readers like to be informed. So we have scouted out today's most relevant news items and brought them to you all on one page. We hope you find this midday edition informative and useful.
Wait a second, AT&T
In what many view as a swift and surprising move, the U.S. Department of Justice sued to block the deal between AT&T
The government said combining the two companies would be detrimental for competition and would leave consumers facing higher prices and fewer options. AT&T and Deutsche Telekom, owner of T-Mobile, have said they were surprised by the government's announcement. AT&T said they believed the deal was past antitrust questioning and they were instead thinking on how to address concerns. If the deal falls through, AT&T will have to pay $6 billion in cash and other considerations. Read more at The Wall Street Journal.
Sprint may benefit
A failed deal for AT&T could bring a short-time boost for Sprint Nextel
Experts said this was great news for the company, which has been lobbying regulators to block the deal. If the deal fails, it leaves Sprint the option to strike a deal with T-Mobile that would expand its network. Verizon
An environmental group in China is blaming Apple
Apple has said it regularly conducts audits to ensure its supply chain is following environmental standards and offering safe working conditions. Many other multinationals have been targets of similar criticism. Read more at The New York Times.
Goldman Sachs reaches deal
So there you have it, the top financial stories for this afternoon. If you are interested in getting all the news and commentary on these stocks, sign up to My Watchlist here it's free!
Michelle Zayed doesn't own any stocks mentioned. The Motley Fool owns shares of Apple. Motley Fool newsletter services have recommended buying shares of Apple and AT&T. Motley Fool newsletter services have recommended creating a bull call spread position in Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.