Business News

FCC Plans Internet Regulation Change

Posted: 04/23/2014 - The Federal Communications Commission is set to propose new open Internet rules that would allow content companies to pay for faster delivery over the so-called "last mile" connection to people's homes.

Safety Deadline To Soon For Rail Industry

Posted: 04/16/2014 - The freight railroad industry says only one-fifth of its track will be equipped with mandatory safety technology to prevent most collisions and derailments by the deadline set by Congress.

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Economic News

  • U.S. New-Home Sales Plunge
    Sales of newly built homes tumbled in March while prices surged, in the latest indication that the U.S. housing market is struggling to regain traction.
  • U.S. Jobless Claims Jump by 24,000
    The number of Americans filing for new unemployment benefits jumped last week, a sign layoffs have increased since touching a seven-year low earlier this month.
  • Euro-Zone Business Activity Accelerates
    Business activity in the euro zone accelerated at the start of the second quarter, but companies cut prices they charged customers, a sign that the European Central Bank's worries over low inflation are far from over.
  • Fed Looks Likely to Stick to Path
    Fed officials are on track to reduce their monthly bond buying to $45 billion at their policy meeting next week and stick with a communications approach that leaves investors with a little uncertainty about when it will start raising interest rates.
  • China Factory Activity Still Weak
    A still-weak but relatively stable outlook for factory activity in China could ease pressure on Beijing to step up targeted stimulus measures.
  • Russia Aims to Cut Imports Dependence
    Russia won't change its economic growth strategy because of Western sanctions but will try to lower its dependence on imports, Prime Minister Dmitry Medvedev said Tuesday.
  • U.S. Gas Price Rises---Along With Exports
    Drivers in the U.S. are facing rising gasoline prices ahead of summer-vacation season, just as refiners here are shipping more gas to other countries.
  • U.S. Existing-Home Sales Slip
    Sales of previously owned homes fell slightly in March, a sign the shaky U.S. housing market has continued to struggle into the spring but may be stabilizing.
  • Plans That Forgive Student Debt Skyrocket, Raising Fears Over Costs
    Government officials are trying to rein in increasingly popular federal programs that forgive some student debt, amid rising concerns over the plans' costs and the possibility they could encourage colleges to push tuition even higher.
  • Sluggish Recovery Proves Resilient
    The Outlook: The recovery from the U.S. recession has been nasty, brutish and long. It also is shaping up as one of the most enduring.

US Business News

  • Amazon Tests Its Own Delivery Network
    Amazon is testing its own delivery network for "the last mile," the final leg of a package's journey to consumers' doorsteps. The new delivery efforts will get Amazon closer to a holy grail of e-commerce: same-day shipping.
  • Apple Moves to Reward Investors
    Apple, in a nod to restive shareholders, added $30 billion to its stock-buyback plan, raised its dividend about 8% and declared a 7-for-1 stock split.
  • For First Time, Verizon Loses Cellphone Customers
    Verizon lost wireless customers for the first time ever, as its rivals launched a bitter fight for new subscribers. It lost roughly 138,000 net postpaid phone customers in the first quarter.
  • Recalls Hurt GM Profit, But Results Beat Estimates
    General Motors first-quarter results fell 82% but exceeded Wall Street's expectations, as the push to sell cars and trucks at higher prices in North America helped the auto maker offset the cost of model recalls.
  • Zimmer to Buy Biomet for $13.35 Billion
    Zimmer agreed to buy rival orthopedic maker Biomet for about $13.35 billion, in a bid to position the combined company as a leader in making products to repair muscles and bones.
  • Ladies' Home Journal to End Monthly Publication
    Meredith Corp.'s "Ladies' Home Journal," one of the country's oldest women's magazines, will end regular monthly publication this July, the victim of declining ad revenue.
  • GE in Talks to Buy Alstom Energy Unit
    GE is in talks to buy the energy operations of France's Alstom, a move that would help the U.S. company reduce its reliance on its finance business.
  • Vivendi Plans Nearly €5 Billion in Dividends, Share Buybacks
    Vivendi plans to plow €4.84 billion into dividends and share buybacks this year and next, following a flurry of asset sales to refashion the company into a smaller group based around media.
  • FCC Easing Up on 'Net Neutrality'
    Regulators are proposing rules on Internet traffic that would let broadband providers charge companies a premium for access to their fastest lanes.
  • Kering to Reorganize Brands
    Kering said it was confident its performance would improve this year, even as first-quarter revenue grew only slightly from a year earlier, dented by a drop in sports and lifestyle products sales.
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