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The Trump administration promised a fourth wireless carrier — America got a hot mess instead

theverge.com Karl Bode 2025-10-23 23:20:53

With Dish Network owner EchoStar selling $23 billion in valuable spectrum to AT&T, any pretense that the TV provider will become a serious wireless competitor is dead. But the project was always doomed to fail, and despite plenty of assurances by the Trump administration and other companies involved, the very obvious writing was always on the wall. More than 9,000 T-Mobile employees lost their jobs, the wireless sector stopped seriously competing on price, and T-Mobile increasingly began to beh

Topics: dish merger mobile spectrum wireless
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Union Pacific to buy Norfolk in $85B mega U.S. railroad deal

news.ycombinator.com Unknown 2025-12-18 15:36:51

Union Pacific said on Tuesday it would buy smaller rival Norfolk Southern in an $85 billion deal, to create the nation's first coast-to-coast freight rail operator and reshape the movement of goods from grains to autos across the country. If approved, the deal would combine Union Pacific's stronghold in the western two-thirds of the U.S. with Norfolk's 19,500-mile network that primarily spans 22 eastern states. This would mark the largest-ever buyout in the sector, merging Union Pacific, the b

Topics: deal merger norfolk pacific union
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A Union Pacific-Norfolk Southern combination would redraw the railroad map

news.ycombinator.com Unknown 2025-12-22 05:48:05

Combining Union Pacific and Norfolk Southern into the first transcontinental railroad in the U.S. would create a 52,215-mile colossus that could offer seamless service from coast to coast, bypassing longtime interchange choke points in Chicago and at gateways along the Mississippi River. The two railroads confirmed today that they are in advanced merger discussions. The talks, they said, may not result in a deal. Plus, there’s the potential for a bidding war if BNSF Railway, UP’s Western rival,

Topics: chicago city merger ns railroad
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Samsung chairman cleared of fraud by South Korea's top court

engadget.com Unknown 2026-01-09 04:30:43

South Korea's top court has upheld an appeals court ruling to dismiss all charges in a long-running fraud case against Samsung chairman Jay Y. Lee. The accounting fraud and stock manipulation charges stemmed from a merger of two Samsung subsidiaries in 2015. Prosecutors had accused Lee of manipulating share prices to help clear the way for the merger in an attempt to consolidate his power. In 2024, a court ruled that the prosecutors failed to prove their claims. The case has worked through the

Topics: charges court lee merger samsung
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Scientists Detect Sign of Something Impossible Out in Deep Space

futurism.com Unknown 2026-01-16 09:36:51

The very concept of black holes seems improbable. Albert Einstein infamously refused to believe they could exist, even though his theory of general relativity was instrumental in predicting them. Now, scientists have witnessed evidence of something about these baffling cosmic monstrosities that further stretches the boundaries of both physics and credulity: a titanic collision of two already enormous black holes so utterly extreme that it has scientists wondering if the event they seem to have

Topics: black hole holes mass merger
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