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The Week Ahead: Reviewing Comcast-Time Warner Cable Deal, and Second-Quarter Growth Data

Posted by Unknown on Sunday, August 24, 2014


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Business Day |Reviewing Comcast-Time Warner Cable Deal, and Second-Quarter Growth Data



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Business Day | The Week Ahead





Alan Diaz/Associated Press




DEADLINE IN F.C.C. REVIEW OF COMCAST CABLE DEAL


Monday is the deadline to submit comments to the Federal Communications Commission about Comcast’s proposed $45 billion purchase of Time Warner Cable, a combination that would join the nation’s No. 1 and No. 2 cable companies. The F.C.C. is reviewing the transaction and is not expected to rule until early next year. Of the more than 63,000 comments filed to the F.C.C. about the proposed merger, about a fifth mention RFD-TV, a rural-themed network based in Omaha, Neb., whose chairman, Patrick Gottsch, has been aggressively drumming up resistance to the deal. EMILY STEEL


VOLVO IS SET TO UNVEIL FIRST VEHICLE UNDER GEELY


How Volvo stacks up under its new Chinese ownership will be clearer on Tuesday, when the automaker renowned for its safety innovations unveils the first new vehicle developed since Zhejiang Geely Holding Group bought the brand from Ford in 2010. The XC90, a sport utility vehicle, is aimed at luxury buyers, as Volvo tries to compete with high-end competitors like BMW, Audi and Mercedes-Benz. Volvo’s roots go back to Gothenberg, Sweden, in 1927, and the company’s engineers have been known for their safety breakthroughs, like the three-point seatbelt that is now standard on nearly every car on the road. AARON KESSLER


REVISED GROWTH DATA DUE ON THURSDAY


On Thursday morning, the Commerce Department will release its revised estimate of economic growth in the second quarter of 2014. The change from the advance estimate released late last month is expected to be small: Economists predict the growth rate for the economy last quarter will be reduced to 3.9 percent, from 4 percent. The new figure will reflect updated data on factors including inventory changes, consumer spending and exports. A third estimate will be made on Sept. 26. NELSON SCHWARTZ



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