WASHINGTON (Reuters) – The chief executive of Japan’s SoftBank Corp on Tuesday called the U.S. wireless market an oligopoly plagued by slow speeds and high prices and said his company’s Sprint Corp could shake up the competition, but it would require a scale that Sprint cannot reach alone.
Masayoshi Son, the billionaire chief of SoftBank, in his first public speech to a U.S. audience since his company gained control of Sprint last year, lambasted the U.S. wireless market as offering “pseudo-competition.”
March 4 (Reuters) – Comcast Corp on Tuesday said
its discounted Internet service for low-income families will be
available indefinitely, a move that should please U.S.
regulators as the company seeks approval for its $45.2 billion
takeover of Time Warner Cable.
Internet Essentials is Comcast’s broadband Internet program
for some low-income families with children. It costs $9.95 a
month and offers a discount with other perks.
WASHINGTON (Reuters) – Comcast Corp said it plans to submit documents on its proposed $45 billion takeover of Time Warner Cable Inc to U.S. federal regulators by the end of March, when antitrust and public interest reviews will be launched.
The merger between the two U.S. biggest cable operators is expected to draw intense regulatory scrutiny from the Federal Communications Commission, which reviews whether deals are in the public interest, and either the Department of Justice or the Federal Trade Commission, which share antitrust oversight.
WASHINGTON (Reuters) – Federal regulators will once again seek to set rules that make sure U.S. broadband providers do not block or slow down access to any lawful content on the Internet.
The Federal Communications Commission said on Wednesday it will not appeal a U.S. court decision that last month rejected a previous version of these so-called net neutrality rules largely because of the way the FCC had classified broadband providers.
WASHINGTON (Reuters) – The U.S. government is expected on Wednesday to release the final version of voluntary standards meant to help U.S. companies in nationally critical industries better protect themselves against cyber attacks.
Criticized in earlier drafts for being too vague and toothless, the so-called cybersecurity framework attempts to turn a vast amount of industry input into guidelines designed for 16 different sectors whose disruption could be devastating to the country.
WASHINGTON (Reuters) – Data thefts at U.S. retailers have rekindled enthusiasm in Congress for a single federal law on how customers should be notified about such breaches, but those efforts face the same roadblock as in the past: dozens of overlapping state laws already in place.
Congressional hearings and calls for new powers by consumer protection agencies followed quickly after breaches at retailers Target Corp, Neiman Marcus and Michaels Companies were revealed.
WASHINGTON (Reuters) – Top lawmakers from the U.S. House of Representatives’ intelligence and homeland security panels on Sunday warned of a serious threat of attacks in Russia during the Winter Olympics, though U.S. officials say the Olympic grounds are secure.
The Olympics formally opened on Friday in Sochi. Islamist militant groups based in the nearby north Caucasus region have threatened attacks during the February 7-23 Games.
WASHINGTON, Feb 5 (Reuters) – U.S. companies that have
fallen prey to hackers, exposing the private information of
millions of customers, have often failed to take basic security
precautions to protect client data, Illinois Attorney General
Lisa Madigan told a House of Representatives committee hearing
Madigan said previous investigations, conducted before the
recent spate of high-profile breaches, had turned up repeated
instances where companies allowed their systems to retain
unencrypted data, failed to install software patches for known
vulnerabilities and kept information longer than necessary.
WASHINGTON (Reuters) – U.S. companies that have fallen prey to hackers, exposing the private information of millions of customers, have often failed to take basic security precautions to protect client data, Illinois Attorney General Lisa Madigan told a U.S. Senate panel on Wednesday.
Madigan said previous investigations, conducted before the recent spate of high-profile breaches, had turned up repeated instances where companies allowed their systems to retain unencrypted data, failed to install software patches for known vulnerabilities and retained information longer than necessary.
WASHINGTON (Reuters) – The volume of data crossing U.S. mobile networks will grow almost eight-fold by 2018, and demand for Internet-connected devices will also skyrocket, according to a report released on Wednesday that poses questions about U.S. spectrum policy.
U.S. consumers will download and upload more data on their smartphones in 2018 than they did on their laptops in 2013, according to a forecast by Cisco Systems Inc. Americans will continue to lead the world as earlier and faster converts to new smart devices and networks, the Cisco report said.