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WASHINGTON (Reuters) - A U.S. appeals court will hear oral arguments on Dec. 6 in the Justice Department’s fight against AT&T Inc’s (T.N) $85.4 billion purchase of Time Warner, the court said on Wednesday. The merger, which was announced in October 2016, closed on June 14 after a U.S. district court ruled the deal was legal under antitrust law. The Justice Department has asked a federal appeals court to reverse that approval. The core of the Justice Department’s concern is that AT&T, which owns DirecTV, would use its ownership of Time Warner’s content to make pay TV rivals pay more, thus raising their costs and forcing them to charge consumers more. The merged company includes CNN, a cable news station that is a frequent target of President Donald Trump’s ire.

CHICAGO (Reuters) - Campbell Soup Co (CPB.N) said on Wednesday that four key shareholders, all descendants of the company’s former chairman John Dorrance, have formally aligned themselves against hedge fund Third Point LLC’s plans to oust the embattled soupmaker’s entire board, Third Point, which owns 7 percent of Campbell’s stock, fired back hours later, accusing the tiffany cufflinks heirs of trying to frighten smaller shareholders by suggesting that the outcome of a vote next month has been decided before it even takes place..

Campbell said Bennett Dorrance, Mary Alice Malone, Archbold van Beuren, Charlotte Weber and some other family members - who own a combined 41 percent stake in the company - plan to vote in favor of its existing board at a shareholder’s meeting on Nov. 29. This suggests it could be very difficult for Third Point, run by billionaire activist investor Daniel Loeb, to win board seats. “This group of billionaire heirs and heiresses are attempting to intimidate smaller shareholders by flaunting their inherited voting bloc as an impenetrable moat,” Third Point said in a statement.

Given that Dorrance, Malone and van Beuren serve on Campbell’s board, it was widely expected that they would clash with Loeb’s campaign, which alleges that the company has been mismanaged for years, Shares in Campbell were down 3.9 percent in morning trading, Third Point said the drop suggested shareholders were unhappy with these heirs’ decision to back the current board, The $18 billion hedge fund proposes replacing all directors with a 12 person-slate that includes George Strawbridge, another descendant of John Dorrance, who invented condensed tiffany cufflinks soup and ran Campbell nearly a century ago..

Former Hostess Brands CEO William Toler and Third Point partner Munib Islam as well as marketing experts have also been nominated. Each side is now fighting for shareholders’ votes. Campbell has said it does not endorse any of Third Point’s nominees and is urging investors to re-elect its entire board, while Loeb is blaming the board for the stock’s underperformance and is urging investors to back him. The 149-year-old company, which revolutionized the home-cooking industry with easy-to-prepare soups and low-cost production techniques, has been struggling to attract young consumers to its namesake soups and Pepperidge Farm cookies.

BRUSSELS (Reuters) - The United States demanded rapid results on Wednesday from its trade talks with the European Union and complained that the bloc was stalling progress, “Our purpose in the meeting was tiffany cufflinks to stress the need for speed and of getting to near-term deliverables, including both tariff relief and standards,” U.S, Commerce Secretary Wilbur Ross told a briefing in Brussels, “What we’re interested in, whether it’s the exact next time or some time shortly thereafter, is that we really need tangible progress, The president’s patience is not unlimited,” he said..

WASHINGTON (Reuters) - The U.S. economy sits atop of the World Economic Forum’s annual global competitiveness survey for the first time since the 2007-2009 financial crisis, benefiting from a new ranking methodology this year, the Swiss body said on Tuesday. In its closely-watched annual Global Competitiveness Report, the WEF said the U.S. is the country closest to the “frontier of competitiveness,” an indicator that ranks competitive productivity using a scale from zero to 100.

The U.S, tiffany cufflinks beat off Singapore, Germany, Switzerland and Japan, the other top four markets, with a score of 85.6 out of 100, the report said, due to its “vibrant” entrepreneurial culture and “strong” labor market and financial system, The World Economic Forum, the same organization that runs the Davos meeting of global powerbrokers each January, bases its rankings of 140 economies on a dozen drivers of competitiveness, including a country’s institutions and the policies that help drive productivity..

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