Big, Big Media; Blankfein’s ‘Yes’ on Clinton: Saturday Wrap

  • Hack that slowed many popular websites abates overnight
  • Alibaba’s Ma calls on China to prevent crime using big data

Here are highlights of Saturday’s top breaking stories from around the world:

AT&T agreed to acquire Time Warner Inc. in an $85.4 billion deal that creates a media behemoth combining pay-TV, internet, wireless and the content to fill those channels. Donald Trump could be an obstacle, as he said in a campaign speech that he would look to block the deal if elected. Trump said big media deals are concentrating too much power in a few hands and helping lead to biased news coverage he claims is rigging the election in Hillary Clinton’s favor.

Lloyd Blankfein came oh-so-close to endorsing Clinton in an interview to be broadcast Sunday on CNN. The Goldman Sachs CEO had previously gone out of his way to stay out of presidential politics.

The massive hack that slowed or took down many of the most-read websites on Friday finally abated. The attack was strongly linked to all sorts of Internet-connected gadgets that are known to be full of security holes.

Petrobras, the Brazilian state oil company, settled a series of lawsuits with Pimco and other major investors over its corruption scandal and resulting losses.

Avianca, the Colombian airline, suspended service to Caracas and said it will route European flights around Venezuelan airspace indefinitely after a Madrid-Bogota flight was intercepted by a fighter jet. Venezuela’s president promised Colombia he will investigate.

The chairman of Sweden’s Nordea Bank confirmed he made unsuccessful approaches to Dutch officials about a merger with ABN Amro.

Alibaba billionaire Jack Ma told Chinese security officials they should be using big data to prevent crimes from occurring. “While it is normal for a person to buy a clock, a pressure cooker and even some fire powder, it’s not that normal if he buys them altogether,” Ma said. “Without big data, how would you know he’s making bombs?”

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