Drama surrounding some of America's largest and oldest institutions aside, it was a tough day for the markets as the three benchmark indexes all closed lower Tuesday.

But even amid the losses there remained some positives. While a prolonged, uncertain battle with the Department of Justice over its Time Warner Inc. (TWX)  purchase would weigh on AT&T Inc. (T - Get Report)  , Moody's Investors Service says the telecom's credit profile would benefit if the deal falls apart.

Blocking the deal would "harm, but not derail" AT&T's long-term video bundling strategy, the credit rating agency noted.

AT&T already offers a deal on Time Warner's HBO with its wireless plans. "Without content ownership, AT&T would have less leverage over content costs and distribution rights," said Mark Stodden, a Moody's analyst. "But since AT&T will still need to acquire a significant amount of its content rights from third parties, with or without owning Time Warner, its business plan will not be ultimately derailed if the deal breaks apart."

Still, there's no denying the opportunities that could arise from the cross-ownership of content and delivery mechanism, so it's hard to imagine AT&T coming out of this completely unscathed.

Meanwhile, news continues to trickle out about a consummated blockbuster: that between Amazon.com Inc. (AMZN - Get Report) and Whole Foods Market.

A recent report from Barclays showed that while foot traffic at Whole Foods spiked in September, those numbers began moderating in October, suggesting that some of the initial hype of the deal was just that. At the same time, the firm also said that some Whole Foods stores are seeing a reduction in its labor force.

"At one store, a seafood counter employee indicated that there was less labor in their store and, in our visits, it did seem as if there were fewer employees," Barclays noted. "In addition, we noticed a sign in a different store that advertised a phone number for customers to call if they needed employee assistance."

The on-demand economy has made its way into brick-and-mortar sooner than we thought, it seems.

Also on the Amazon front, the company announced that it was selling part of its data-center business in China. Don't fear, the company isn't exiting China altogether, but rather has gone through with the deal to stay in compliance with Chinese law that forbids non-Chinese companies from owning or operating some kinds of cloud services technologies in the country.

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Photo of the day: Dropped from the Dow
 

General Electric Co. (GE - Get Report) , founded in 1892 year, is the longest tenured member of the Dow Jones Industrial Average. Established in 1896 by Charles Dow, the Dow average has been a benchmark for the overall health of the stock market for more than a century. With GE's recent fall some in the world of finance speculate as to whether the company is in danger of being dropped from the 30-stock index. Many of the companies that accompanied GE in its Dow debut in 1912 have been all but forgotten, many being sucked up by larger corporations or merging and splitting up too many times to recognize. One company is National Lead, producer of Dutch Boy paints, which has been in business since 1772. Above is an early ad for Dutch Boy white lead paint brought to you by National Lead. National Lead is now called NL Industries (NL - Get Report) . The company is traded on the New York Stock Exchange and has a market cap of about $600 million, or about 0.3% of the current value of GE.

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