Swan Lake, MS 11/28/2011 (StreetBeat) – AT&T is considering an offer to divest a significantly larger portion of assets than it had initially expected to salvage its $39 billion merger with T-Mobile USA, according to a Bloomberg report.The exact size of the disposals hasn't been determined, said a person familiar with the plan, but they could be as much as 40% of T-Mobile USA's assets, Bloomberg reported.
The asset sale is an attempt to address the concerns of the Justice Department, which sued to block the takeover on Aug. 31, and the Federal Communications Commission which last week signaled an attempt to block it, Bloomberg said.
Retailers that opened at midnight or earlier on Black Friday, like Wal-Mart , Target , Macy's , Kohl's and Best Buy , saw on average a 24% boost in their conversion (the number of shoppers that actually made a purchase), according to the NPD Group, a consumer research firm.
As shoppers go online Monday to find the best deals -- a day now known as Cyber Monday -- Amazon.com could be a big winner. Cyber Monday 2010 was its peak day last year, the company said.
Ralcorp , the maker of Raisin Bran cereal and other packaged foods, is expected to post fourth-quarter earnings. The report was originally scheduled for Nov. 8, but was delayed pending the completion of a goodwill impairment analysis of the company's Post cereals business.
Analysts expect Ralcorp to earn $1.39 a share in the fourth quarter on revenue of $1.22 billion.
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