Business Briefs: AT&T, Tesla, Instagram

Posted: Updated:
NEW YORK -

A big win for AT&T. A federal judge ruled against the Justice Department, approving AT&T's $85 billion bid to buy Time Warner. The judge could not prove that a merger will lead to less choices for consumers. AT&T owns DirecTV, and Time Warner owns CNN, HBO and rights to NBA games on TNT. According to Cheddar, the decision paves the way for other mega-mergers in the media space.

Tesla is slimming down its staff. The company will cut 9 percent of its workforce as it tries to improve its finances. That's nearly 3,500 jobs. In an email, CEO Elon Musk said full-time staff will be impacted, but production staff is safe. Tesla is still struggling to keep up with demand for its Model 3 vehicle. 

Instagram addicts, don't panic! If you had trouble accessing the photo sharing app Tuesday night - you're not alone. Instagram experienced an outage Tuesday night. Users were unable to access and update their accounts. Instagram took to Twitter - to say it was working to fix the problems. No word on how long the outage lasted. 

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."