Citing unidentified people, Bloomberg and Politico both reported Friday that the next chairman of the Federal Communications Commission will be Ajit Pai, currently a commissioner at the agency. Pai’s chief of staff, Matthew Berry, declined to comment.
Month: January 2017
Windstream’s $1.1B EarthLink marriage gets FCC’s blessing
Windstream Holdings Inc. of Little Rock and EarthLink Holdings Corp. have been granted approval by the Federal Communications Commission to move forward with a planned $1.1 billion merger. The companies announced the deal in November.
Trump’s Energy Plan: ‘We must take advantage of the estimated…
Shortly after the inauguration of President Donald Trump, the White House posted the administration’s “America First Energy Plan” on its website. While the plan lacks specifics about implementation, it lays out a foundation for US energy policy for at least the next four years.
TRUMP: Defeating ISIS ‘will be our highest priority’
Just moments after President Donald Trump was sworn into office, the official White House website was updated with the 45th president’s position on foreign policy, which proclaims the defeat of ISIS and other terror groups as his “highest priority.” “To defeat and destroy these groups, we will pursue aggressive joint and coalition military operations when necessary.
Trump’s First Big Move: Repealing Obamacare Mandate
President Donald Trump late Friday took one of his first major policy actions by issuing an executive order undoing one of the key pillars of the Affordable Care Act, the individual mandate requiring all Americans to carry health insurance or pay a penalty. The newly sworn-in Trump in the Oval Office signed an order giving federal agencies authority to undo rules created under the ACA that obligate them to enforce the penalty for people who do not purchase health insurance as required by the law, also known as Obamacare.
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.”
New Privacy Report Already Removed From White House Site
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Virtual reality takes students on field trips to DC, volcanos and China
Students picked up white plastic visors and slid them onto their faces. Suddenly, they were 2,600 miles away, standing in Washington, D.C., next to the Martin Luther King Jr. Memorial, with the Lincoln and Jefferson memorials visible as they turned their heads.
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.”
First Day of Trump Era, and Brick-and-Mortar Retailers: Best of Kass
In highlights from this week’s trading diary and posts, Kass tells us about how the first day of the Trump Era went, and explains how he feels about brick-and-mortar retailers. Doug Kass fills his blog on RealMoney every day with his up-to-the-minute reactions to what’s happening in the market and his legendary ahead-of-the-crowd ideas.
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.
Report: – Net neutrality’ foe Ajit Pai is new FCC head
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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.
Apple Sues Qualcomm Over Patent Royalties in Antitrust Case
Apple Inc. sued Qualcomm Inc., accusing it of monopolizing the market for chips for wireless devices and withholding $1 billion in retaliation for cooperating with South Korean antitrust authorities. Apple is demanding Qualcomm hand over money that was supposed to be a rebate for licensing fees.
It’s Official! President Trump Has a Mind-Blowing 25 Million Job Creation Goal
In a series of new posts on its website Friday evening, the White House laid what it calls a “bold plan” to create 25 million new jobs over the next decade and return to 4% annual economic growth. If met, it would mark the most jobs created under any U.S. president ever.
Trump will make a vocal opponent of today’s ‘open internet’…
President Donald Trump plans to name Ajit Pai as head of the Federal Communications Commission, according to a report from Politico’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.
Week in Review: President Trump Takes the Helm After Volatile Week on Wall Street
Wall Street closed out the week with new executive leadership in Washington, D.C., for the first time since the 2008 financial crisis. Wall Street closed out the week with new executive leadership in Washington, D.C. for the first time since the 2008 financial crisis.
Related Article: In Case You Missed It: President Trump’s Inauguration Speech
During President Trump’s speech, the markets moved slightly lower. Here are Trump’s words that may have spooked investors. Investors are understandably confused about which of the people who call themselves ‘advisers’ are really advisers, and that’s the way the industry would like to keep things.
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.
General Motors’ Recent Moves to Bring Back Jobs Aren’t a New Trend
If you haven’t heard about President Donald Trump’s flurry of sensationalist tweets, then congratulations on having found a quiet spot off the grid. The automotive industry has often found itself standing in front of the Trump tweet train, which has prompted some pushback from automakers.
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.
Why TV antennas are making a comeback
An AirTV, from Dish, is displayed at CES on January 6, 2017. The Android-based streaming device allows Sling customers to add local broadcast stations into their guide using an external antenna.
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.
What TCF Bank Suit Means for You: Defend Against Overdraft Fees
When your checking account reaches zero, you may be safe or sorry depending on whether you have to pay overdraft fees. While these fees are common, a government watchdog says one bank may have gone too far in pushing them to its customers.
Trump Elevates GOP Commissioner Ajit Pai, A Net Neutrality Critic, to FCC Chairman
In one of his first moves in office, President Donald Trump has appointed a senior FCC commissioner, Republican Ajit Pai, to head up the Federal Communications Commission . Pai, who has served on the FCC under former President Barack Obama for more than three years, was one of two Republican commissioners on the FCC.
Eligibility for Lifeline telephone discount program in Michigan now…
LANSING, Mich. The Michigan Public Service Commission today said eligibility for the Lifeline telephone discount program has been expanded to include participants in the Veterans and Survivors Pension Benefits Program.
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.
Apple Sues Qualcomm Over Patent Royalties in Antitrust Case
Apple Inc. sued Qualcomm Inc., accusing it of monopolizing the market for chips for wireless devices and withholding $1 billion in retaliation for cooperating with South Korean antitrust authorities. Apple is demanding Qualcomm hand over money that was supposed to be a rebate for licensing fees.
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.
GE Misses Sales Estimates as Oil Weighs on Immelt’s Overhaul
General Electric Co.’ s woes in the oil patch persisted in the fourth quarter, denting sales and dragging down shares to their biggest decline in four months.
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.
Netflix Rolls Out Teaser for Next Season of ‘House of Cards’ on Inauguration Day
The streaming media giant made a risky and expensive bet on the original content political drama back in 2013. But it clearly has paid off.
Investment advice? Or sales pitch? New rule will make that clear for investors
Saving small amounts of money can build up enough to invest. There are plenty of ways to get around the minimum investment hurdle at mutual funds.
Why Hormel Foods Corporation Dropped 12% Last Year
It was a volatile year for the stock as earnings growth was strong despite the stock slide. Multiple compression seemed to be the culprit.The chart below tells the story.