What's In The News: January 17, 2012 AT&T (NYSE:T) Dish Network (NASDAQ:DISH) AIG (NYSE:AIG)

Uploaded by FinancialNewsOnline on Jan 17, 2012

This is what's in the news for Tuesday January 17, 2012. The Wall Street Journal reports the European car market in 2011 declined 1.4% to 13.6M vehicles, the fourth consecutive yearly decline, and the outlook for 2012 remains bleak. The Wall Street Journal also reports the average price of iron ore for 2012 is likely to drop from last year's all-time high, as the steel making industry grows at a slower pace. Steel Index, a London-based reference-price supplier, sees an average decline of $10-$15 a ton to about $150-$160 a ton. Bloomberg reports AT&T (NYSE:T) is under so much pressure to add wireless spectrum after its failed $39B bid for Deutsche Telekom's (PINK:DTEGY) T- Mobile USA that it may pay the highest premium in more than a decade to purchase Dish Network (NASDAQ:DISH). Reuters reports AIA Group, about one-third owned by AIG (NYSE:AIG), may bid for the $6B Asian insurance operations of ING Groep (NYSE:ING), sources say, with significant competition expected.