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The Federal Communications Commission voted 3-2 to approve net-neutrality rules, which prohibit internet service providers from blocking or slowing web content. Supporters argue that the rules protect internet freedom and openness, while opponents claim the regulations are an overreach of government authority. The rules also allow providers to charge subscribers
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The Federal Reserve's proposed rule to cut debit-card transaction fees by up to 84 percent could have long-term consequences for Visa Inc. and MasterCard Inc. The rule, which would cap interchange fees at 12 cents each, could wipe out most of the $16.2 billion in revenue generated
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In a discussion on Bloomberg News in December 2010, John Chachas, founder of Methuselah Capital Advisors, attributed the media industry's lack of big deals to a weak economy and a massive burden of capital expenses. With top six or seven traditional legacy media companies and five digital companies
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Mark Zuckerberg and 16 other wealthy US individuals and families have joined a pledge started by billionaires Warren Buffett and Bill Gates to give away most of their fortunes, bringing the total number of participants to 57. The Giving Pledge project aims to persuade billionaires to commit more than half
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As the President's announced tax plan compromise faces opposition from House Democrats, the White House is working to bring them back into the fold and make the accord law. Austan Goolsbee, Chairman of the Council of Economic Advisors, discussed the strategy and the potential benefits of the tax
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China's largest rail vehicle maker CSR Corp. and partner General Electric Co. are considering a joint bid to build high-speed train lines in California and Florida, following U.S. President Barack Obama's efforts to increase investment in railways. The potential collaboration may face competition from other
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Lufthansa, Europe's second-largest airline, is planning to test biofuels on regular passenger flights as part of its efforts to reduce carbon-dioxide emissions and save on fuel purchases. The airline has partnered with Finnish petroleum refiner Neste Oil Oyj to power flights using kerosene derived from plant oils. The
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Healthcare stocks declined on Thursday, with several companies facing challenges due to new rules governing the copying of biotechnology medicines in Euro-Zone countries. The rules, which took effect immediately, could have a significant impact on companies like Biogen Idec Inc. (BIIB), Johnson & Johnson (JNJ), and Merck & Co. (MRK)
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Cerberus Capital Management LP is seeking buyers for its auto lender Chrysler Financial, which has a book value of about $6 billion or $7 billion. The private-equity firm acquired Chrysler Financial as part of its takeover of Chrysler LLC in 2007. With the US auto market recovering, banks such as
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Research In Motion's (RIM) BlackBerry PlayBook, a tablet designed to compete with Apple's iPad, is winning corporate customers before its debut. Canadian companies such as Sun Life Financial and ING's Canadian banking unit are committing to purchasing the device. Insurance company Manulife Financial Corp.
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Glencore International AG, the world's largest commodities trader, is considering a $10 billion share sale in the second quarter of 2011, according to Bloomberg News. The company would list its initial public offering in London and possibly Hong Kong, with banks such as Citigroup Inc. and Morgan Stanley
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General Electric has made a significant commitment to sustainable energy by ordering 25,000 electric vehicles from various manufacturers, including a substantial portion from General Motors, by 2015. This move not only underscores GE's dedication to energy-efficient technologies but also positions the company to benefit from the growing
