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Financial News Network
August 16, 2011 AT 3:43 AM
This is what's in the news for Monday, August 15th. Reuters reports that Time Warner Cable (NYSE:TWC) is said to have reached a deal to buy The Carlyle Group's Insight Communications, a cable operator, for $3B in cash. Bloomberg reports that Credit Suisse Group NYSE:CS) is facing a possible U.S. indictment for aiding tax evasion and may settle with prosecutors by admitting wrongdoing and paying a penalty that may be more than $1B. the Wall Street Journal reports that the falling price of crude oil this month and signs that fuel demand is declining point to lower U.S. gasoline prices ahead. Finally, the Wall Street Journal reports that Wal-Mart (NYSE:WMT) has restructured its online business to compete with Amazon.com (NASDAQ:AMZN) and others.