Netflix forecast disappoints as streaming competition looms

Netflix Inc gave a weak forecast on Tuesday that unnerved investors just as Walt Disney Co and others prepare to escalate Hollywood’s streaming video wars, although the company’s quarterly results beat Wall Street targets.

Oregon sued over ‘overwhelmed’ and ‘ineffective’ foster care system

Child advocates sued Oregon’s governor and other top officials in federal court on Tuesday, claiming children in the state’s foster care program were being denied proper care by a system that has long been “overwhelmed, under-resourced and ineffective.”

T-Mobile/Sprint merger is in danger of being rejected by DOJ

T-Mobile CEO John Legere and Sprint CEO Marcelo Claure speak during an interview.

T-Mobile US and Sprint are facing potential rejection of their proposed merger at the US Department of Justice.

DOJ staffers “have told T-Mobile US and Sprint that their planned merger is unlikely to be approved as currently structured,” The Wall Street Journal reported today, citing people familiar with the matter.

“In a meeting earlier this month, Justice Department staff members laid out their concerns with the all-stock deal and questioned the companies’ arguments that the combination would produce important efficiencies for the merged firm,” the Journal wrote.

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Most Democratic presidential hopefuls still relying on large campaign donations

As U.S. Democrats emphasize building their 2020 presidential campaigns on grassroots support, fewer than half amassed at least 50 percent of their early financial backing from small-dollar donations, a Reuters analysis found.

Sprint and T-Mobile Shares Fall After Wall Street Journal Doubts Merger Approval

(NEW YORK) — Sprint and T-Mobile shares are falling after a Wall Street Journal report cast doubt on the likelihood of government approval of their $26.5 billion merger .

The Journal says Justice Department antitrust staff, which is reviewing the takeover, questioned the companies’ reasoning for it in a meeting this month. The report cited people familiar with the matter.

Wall Street has grown more skeptical of the merger being completed in recent months. House Democrats grilled the companies in a hearing in February.

The Obama administration rebuffed the companies’ earlier effort to merge, as well as an attempted deal between AT&T and T-Mobile.

Messages to T-Mobile, Sprint and DOJ were not immediately answered.

Sprint shares are down more than 9 percent in after-hours trading. T-Mobile stock is down 5.5 percent.

States say half of wetlands would lose protection under EPA proposal

Fourteen states, including New York and California, and the District of Columbia said the Environmental Protection Agency’s proposal to replace an Obama-era water regulation would end federal protection for half of wetlands and 15 percent of streams across the country.

London climate-change street protest arrests reach 290 on second day

Police have arrested 290 people in two days of protests after climate-change activists blocked some of London’s most important junctions including Oxford Circus and Marble Arch, causing traffic chaos.