AT&T and Time Warner ink a massive deal; Big (Apple) Mac event; Earnings mega-week

AT&T buys Time Warner for $ 85 billion

1. AT&T to buy Time Warner: The two companies will hold a joint call Monday with more details on the $ 85 billion deal announced Saturday. The merger will be the one of the biggest media tie-ups of all time if it is approved by federal regulators.

The acquisition positions AT&T to compete with Comcast and Disney, the biggest names in media and entertainment. Time Warner CEO Jeff Bewkes will remain at the helm while the deal is under review, which could take more than a year. (Time Warner is the parent company of CNN.)

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