6 Most Important Things in Business Today

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By Douglas A. McIntyre Updated Published
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6 Most Important Things in Business Today

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The Justice Department filed a suit to block the AT&T (NYSE: T) takeover of Time Warner (NYSE: TWX).

The company that owns the Keystone pipeline received approval to extend it into Nebraska. Its future is still uncertain, according to The New York Times:

The long-fought pipeline got a final approval, but its fate still seemed uncertain. TransCanada, the pipeline company, did not say whether it would move forward.

Long-time TV show host Charlie Rose was accused of sexual harassment leading to his suspension at CBS (NYSE: CBS) and PBS.

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Bitcoin values fell after a reported hack. According to Bloomberg:

Bitcoin slipped from a record after the $31 million theft of a cryptocurrency peer renewed concern about the security of digital coins.

The company behind tether, a cryptocurrency used by bitcoin exchanges to facilitate trades with fiat currencies, announced the theft on Tuesday. It said in a statement that a “malicious” attacker removed tokens from the Tether Treasury wallet on Nov. 19 and sent them to an unauthorized bitcoin address. The company said it’s trying to prevent the stolen coins from being used.

A Chinese internet company passed Facebook (NASDAQ: FB) in market cap. According to CNBC:

Chinese internet giant Tencent has surpassed Facebook in terms of market value just a day after it became the first Asian technology firm to reach the $500 billion valuation mark.

Tencent shares hit a record high of 439.6 Hong Kong dollars during Asian trading hours on Tuesday, giving it a market capitalization of 4.17 trillion Hong Kong dollars ($534.5 billion).

The Chinese firm’s value overtook Facebook’s $519.4 billion market capitalization, which was hit at the close of the U.S. markets on Monday

CBS said some Dish subscribers may not be able to watch the network’s shows. According to CNNMoney:

Dish Network subscribers may be having their Thanksgiving turkey without the NFL games slated to air on CBS this year.

CBS warned Dish customers Monday of a blackout that could deprive viewers of NFL and college football games over the long weekend.

CBS said that “unless agreements are reached,” Dish viewers should be prepared to lose the network starting Monday at 11:59 p.m., MT. The two sides have been sparring over fees CBS wants from Dish for retransmission.

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Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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