) --


(T) - Get Report

expects to take a $4 billion pretax charge in the fourth quarter to reflect breakup fees related to its planned acquisition of

T-Mobile USA


The announcement Thursday

is an acknowledgment that the prospects look increasingly bleak that the $39 billion transaction passes regulatory muster.

T-Mobile is owned by

Deutsche Telekom

(DT) - Get Report


AT&T shares fell 0.6% to $27.39 in premarket trading Friday.

Facing challenges, retailers

such as


(WMT) - Get Report


J.C. Penney

(JCP) - Get Report






(GPS) - Get Report

are relying on Black Friday madness to revive their business.

Diamond Foods


shares fell 21% on Wednesday as

questions about the death of a former director

stoked investor fears that a probe of the company's accounting could lead to the restatement of past financial results.

The stock closed Wednesday at $27.80.

J.P. Morgan Asset Management

, a unit of

JPMorgan Chase

(JPM) - Get Report

, received permission from the Beijing city government to create a $1 billion RMB fund,

The Wall Street Journal

reported, citing people familiar with the matter.

JPMorgan becomes the biggest foreign manager of a yuan-denominated fund to date, according to the



-- Written by Joseph Woelfel

>To contact the writer of this article, click here:

Joseph Woelfel

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