Indian-American Ajit Pai named head of FCC: report

President Donald Trump has reportedly picked a fierce critic of the Obama-era “net neutrality” rules, Ajit Pai, to be chief regulator of the nation’s airwaves and internet connections. President Donald Trump has reportedly picked a fierce critic of the Obama-era “net neutrality” rules to be chief regulator of the nation’s airwaves and internet connections.

On White House website, Obama climate priorities vanish, replaced by…

The energy page on the new White House website, which went up within moments of Friday’s inauguration, reiterates the priorities President Trump voiced during the campaign, from focusing on “energy independence” to promising to scale back the reach of the Environmental Protection Agency. It also seemed to remove any reference to combating climate change, a topic that had been featured prominently on the site under President Barack Obama.

Trump Order Declares He’ll Seek – Prompt Repeal’ of Obamacare

President Donald Trump signed an executive order Friday commanding federal agencies to try to waive or delay requirements of Obamacare that impose economic or regulatory burdens on states, families, the health-care industry and others. The order declares that Trump’s administration will seek the “prompt repeal” of the law and that the government should prepare to “afford the states more flexibility and control to create a more free and open healthcare market.”

Trump Declares in Order He’ll Seek – Prompt Repeal’ of Obamacare

President Donald Trump signed an executive order Friday commanding federal agencies to try to waive or delay requirements of Obamacare that impose economic or regulatory burdens on states, families, the health-care industry and others. The order declares that Trump’s administration will seek the “prompt repeal” of the law, and that the government should prepare to “afford the states more flexibility and control to create a more free and open healthcare market.”

Apple’s $1 Billion Lawsuit Against Qualcomm Has to be Music to Intel’s Ears

But the fact Qualcomm is also the world’s largest mobile chip supplier, and still counts Apple as one of its largest customers, throws a unique wrinkle into this battle — one that, depending on how the dispute unfolds, could work greatly to Intel’s Just three days after the U.S. FTC filed an antitrust suit against Qualcomm that alleged the company had a 5-year modem exclusivity deal with Apple that featured patent royalty rebates, Apple has announced it’s suing Qualcomm for allegedly withholding close to $1 billion in rebates as retaliation for cooperating with South Korean regulators in their own Qualcomm probe. Last month, South Korea’s Fair Trade Commission fined Qualcomm $853 million for several alleged practices.

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President Donald Trump plans to name Ajit Pai as head of the Federal Communications Commission, according to a report from PoliticoA s Alex Byers and Tony Romm. Pai has served as a GOP commissioner at the FCC since 2012.

Toronto’s Bunz Facebook Group to Stop Taking Members, Push App

Toronto’s favorite online hangout will stop taking new members as the founders of the Bunz Trading Zone Facebook group focus their efforts into building a standalone app. Bunz, a sprawling, vibrant online community that spans dozens of Facebook groups and a mobile application, will stop accepting new members in its core group on Feb. 1, according to a memo posted on Facebook.

Why Cemex, CF Industries, and Noble Corp. Jumped Today

The stock market closed the week on a positive note on Friday, as major market benchmarks climbed between 0.25% and 0.5% on the day. Many market participants focused on the inauguration festivities in Washington, but the fact that today was an options expiration day added to volume on what would otherwise have likely been a fairly quiet trading day.

Report: ‘Net neutrality’ foe Ajit Pai is new FCC head

President Donald Trump has reportedly picked a fierce critic of the Obama-era “net neutrality” rules to be chief regulator of the nation’s airwaves and internet connections. Citing unidentified people, Bloomberg and Politico both reported Friday that the next chairman of the Federal Communications Commission will be Ajit Pai, an old hand at the agency.

Report: ‘Net neutrality’ foe Ajit Pai is new FCC head

In this Friday, Aug. 9, 2013 file photo, FCC Commissioner Ajit Pai presents his dissent during a Federal Communications Commission hearing at the FCC in Washington. President Donald Trump has reportedly picked a fierce critic of the Obama-era “net neutrality” rules to be chief regulator of the nation’s airwaves and internet connections.

Patrick Marleau, Joe Thornton still valuable for Sharks

Tuesday marks three years to the day Patrick Marleau and Joe Thornton signed nearly identical contract extensions to remain with the Sharks. How quickly those three years have passed, and here we are again wondering what San Jose will do with a pair of aging franchise pillars who seem to have plenty of hockey left in their 37-year-old bodies? Before we try to answer that question, let’s look at what the two have done since Thornton signed a $6.75 million-per-year deal, and Marleau did likewise to earn a $6.66 million annual salary, on Jan. 24, 2014.

Senate confirms Trump’s picks for defense, homeland security

Defense Secretary-designate James Mattis arrives for church service at St. John’s Episcopal Church across from the White House in Washington, Friday, Jan. 20, 2017, on Donald Trump’s inauguration day. Defense Secretary-designate James Mattis arrives for church service at St. John’s Episcopal Church across from the White House in Washington, Friday, Jan. 20, 2017, on Donald Trump’s inauguration day.

Sennheiser Launches New Frequency Variants for Evolution Wireless 300 …

At the 2017 NAMM Show, held from January 19-22 in Anaheim, California, audio specialist Sennheiser will be launching new frequency variants of its evolution wireless ew 300 G3 and ew 500 G3 radio microphones. The new models have been designed to anticipate forthcoming changes in spectrum allocation in the USA and Canada, with the wireless microphone and monitoring systems now available in an A1 variant that covers the 470 to 516 MHz range.

Snap Said to Tout Devoted Users to Justify $20 Billion Value

Snap Inc. is hoping to convince public market investors it’s worth upwards of $20 billion by stressing how important its app is to users’ daily lives. That’s what Snap’s management highlighted this month to analysts from banks underwriting its initial public offering, according to people familiar with the matter.

Trump Administration Overturns Obama’s FHA Mortgage-Fee Cut

Soon after Donald Trump was sworn in as president, his administration undid one of Barack Obama’s last-minute economic-policy actions: a mortgage-fee cut under a government program that’s popular with first-time home buyers and low-income borrowers. The new administration on Friday said it’s canceling a reduction in the Federal Housing Administration’s annual fee for most borrowers.

Buffett Back in Money on IBM, Reversing $2.6 Billion Loss

International Business Machines Corp. has climbed above the price that Warren Buffett paid for shares in the computer company, reversing more than $2 billion in paper losses for his Berkshire Hathaway Inc. IBM rose 2.2 percent to $170.55 at 4 p.m. Friday in New York after giving 2017 profit guidance on Thursday that was higher than analysts’ estimates. That compares with the average of $170.19 that Buffett spent for 81 million shares, according to Omaha, Nebraska-based Berkshire’s most recent annual report.

What Happened in the Stock Market Today

Financial stocks remained popular on a day that saw a new administration take over the executive branch, and that kept the Financial Sector Select SPDR ETF among the most heavily traded exchange-traded funds. Meanwhile, gold price volatility swung in the positive direction for owners of the Direxion Daily Gold Miners Bull 3X ETF Procter & Gamble shares gained 3% following the release of surprisingly strong quarterly earnings results.

U.S. bankruptcy court judge OKs $425 million for Avaya loan

A U.S. bankruptcy court judge granted Avaya Inc approval on Friday to tap $425 million of the $725 million loan proposed to carry the telecommunications company through its restructuring, funds the company said were essential to continue operations. Avaya filed for Chapter 11 bankruptcy protection on Thursday to cut its debt of about $6 billion after efforts to sell its call center business and reach a consensual deal with creditors failed.

Oil Prices Jump Ahead of Producers’ Compliance Meeting

Oil prices rose more than 2 percent on Friday on expectations that a weekend meeting of the world’s top oil producers would demonstrate compliance to a global output cut deal, but rising U.S. drilling activity limited gains. Members of the Organization of the Petroleum Exporting Countries and some other producing countries including Russia, will meet in Vienna to establish a mechanism to verify compliance with a deal to cut output 1.8 million barrels per day , OPEC’s secretary general told Reuters.

Mexican Peso Rallies After Trump Speech

The Mexican peso rallied after President Trump’s inauguration speech didn’t specifically mention Mexico. The country was a frequent target of criticism by Trump, who had pledged to build a wall along the U.S. southern border.