T-Mobile USA took another hurdle toward completing its merger with Metro PCS. The FCC announced March 12 it will allow the merger to go through. Shareholders still have to approve the deal in a vote on March 28 but two large shareholders oppose the transaction.
The Government Accountability Office (GAO) this week found that the U.S. Treasury’s $700 billion troubled asset relief program (TARP) has “critical” oversight problems in its first official audit of the government program to address the ailing U.S. economy.