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More delay, cost for NASA’s next-generation space telescope

CAPE CANAVERAL, Fla. — NASA’s next-generation space telescope has been delayed yet again at a staggering cost of $1 million a day.

For the third time in less than a year, the space agency announced a lengthy postponement Wednesday for the James Webb Space Telescope . The observatory will now fly no earlier than 2021; until last fall, it was on the books for a 2018 launch.

AT&T antitrust win may herald new wave of media mergers

WASHINGTON — Brace yourself for a likely new era of media megamergers.

AT&T’s victory over the government’s attempt to block its $85 billion takeover of Time Warner underscores just how much the way people watch and pay for TV has changed. It also highlights how corporate America wants to adapt to deal with its new environment. In short: Bigger is better.

At war with Alibaba: Top brands fight China e-commerce giant

SHANGHAI — The rivalry is so notorious it’s been called the “great cat-and-dog war.” On one side towers Alibaba Group Holding Ltd., China’s e-commerce market leader, embodied by the black cat mascot of its Tmall platform. On the other is JD.com Inc., a fast-growing upstart represented by its white dog logo.