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By Malathi Nayak NEW YORK (Reuters) - T-Mobile US Inc is the likeliest acquisition target as media companies seek a wireless partner following AT&T Inc's proposed $85.4 billion takeover of Time Warner Inc, analysts said. AT&T announced the deal late on Saturday, stoking urgency in the telecoms and media sectors, where carriers facing a saturated wireless market are looking for content to attract mobile users and producers of shows and movies are seeking digital distribution. T-Mobile took most of the wireless industry's subscriber and revenue growth in the third quarter.
A U.S. federal judge on Tuesday approved Volkswagen AG's record $14.7 billion settlement with regulators and owners of 475,000 polluting diesel vehicles, and the German automaker said it would begin buying back the cars in mid-November. The action by U.S. District Judge Charles Breyer in San Francisco marked a pivotal moment for VW as it aims to move past a scandal that has engulfed the company since it admitted in September 2015 to installing secret software in diesel cars to cheat exhaust emissions tests and make them appear cleaner than they really were.
The Republican leaders of the U.S. House of Representatives plan a vote as soon as mid-November on a 10-year reauthorization of the Iran Sanctions Act, congressional aides told Reuters on Tuesday. The act, which expires on Dec. 31, is one of the major pieces of unfinished business facing lawmakers when they return to Washington after the Nov. 8 election. Aides said the reauthorization of a "clean" bill, unchanged from the current legislation, was likely to pass the House, but its fate in the Senate was less certain, given administration concerns about the bill.